Banco BBVA Argentina (NYSE:BBAR) Stock Rating Upgraded by StockNews.com

Banco BBVA Argentina (NYSE:BBAR) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Monday.

Separately, Morgan Stanley upgraded Banco BBVA Argentina from an “underweight” rating to an “overweight” rating and set a $27.00 price target for the company in a research report on Monday.

Banco BBVA Argentina Trading Down 0.1 %

Shares of Banco BBVA Argentina stock opened at $19.21 on Monday. The firm has a market cap of $3.92 billion, a price-to-earnings ratio of 10.01 and a beta of 1.49. The business has a 50-day moving average price of $14.94 and a 200-day moving average price of $11.67. The company has a quick ratio of 0.90, a current ratio of 0.99 and a debt-to-equity ratio of 0.09. Banco BBVA Argentina has a twelve month low of $4.63 and a twelve month high of $19.98.

Institutional Trading of Banco BBVA Argentina

Institutional investors and hedge funds have recently modified their holdings of the stock. Virtu Financial LLC bought a new position in Banco BBVA Argentina in the third quarter worth approximately $506,000. XTX Topco Ltd bought a new position in Banco BBVA Argentina in the third quarter worth approximately $136,000. Point72 Asset Management L.P. raised its stake in Banco BBVA Argentina by 72.8% in the third quarter. Point72 Asset Management L.P. now owns 43,200 shares of the bank’s stock worth $448,000 after buying an additional 18,200 shares in the last quarter. PointState Capital LP raised its stake in Banco BBVA Argentina by 14.2% in the third quarter. PointState Capital LP now owns 1,664,893 shares of the bank’s stock worth $17,265,000 after buying an additional 206,399 shares in the last quarter. Finally, Benjamin Edwards Inc. bought a new position in Banco BBVA Argentina in the third quarter worth approximately $293,000.

About Banco BBVA Argentina

Banco BBVA Argentina SA provides various banking products and services to individuals and companies in Argentina. The company provides retail banking products and services, such as checking and savings accounts, time deposits, credit cards financing, consumer and pledge loans, mortgages, insurance, and investment products to individuals; and small and medium-sized companies products and services, including financing products, factoring, checking accounts, time deposits, transactional and payroll services, insurance, and investment products to private-sector companies.