Banco Latinoamericano de Comerci Extr (BLX) Downgraded by ValuEngine to “Strong Sell”

ValuEngine lowered shares of Banco Latinoamericano de Comerci Extr (NYSE:BLX) from a sell rating to a strong sell rating in a research report sent to investors on Thursday morning.

Several other equities research analysts have also issued reports on the stock. TheStreet lowered shares of Banco Latinoamericano de Comerci Extr from a c rating to a d+ rating in a report on Thursday, November 1st. TD Securities reaffirmed a buy rating and set a $21.00 price target on shares of Banco Latinoamericano de Comerci Extr in a report on Monday, November 12th. JPMorgan Chase & Co. lowered shares of Banco Latinoamericano de Comerci Extr from a neutral rating to an underweight rating in a report on Thursday, October 25th. Finally, Zacks Investment Research raised shares of Banco Latinoamericano de Comerci Extr from a sell rating to a hold rating in a report on Thursday, December 27th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company. The stock has an average rating of Hold and an average price target of $24.50.

Shares of NYSE:BLX traded up $0.22 during midday trading on Thursday, hitting $18.12. The stock had a trading volume of 196,029 shares, compared to its average volume of 130,316. The stock has a market capitalization of $696.66 million, a PE ratio of 8.76 and a beta of 1.31. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.44. Banco Latinoamericano de Comerci Extr has a fifty-two week low of $15.31 and a fifty-two week high of $30.50.

Banco Latinoamericano de Comerci Extr (NYSE:BLX) last issued its earnings results on Thursday, October 25th. The bank reported ($1.03) EPS for the quarter, missing the consensus estimate of $0.50 by ($1.53). The firm had revenue of $29.70 million during the quarter, compared to analyst estimates of $36.59 million. Banco Latinoamericano de Comerci Extr had a net margin of 4.29% and a return on equity of 6.89%. On average, research analysts predict that Banco Latinoamericano de Comerci Extr will post 0.18 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Paradice Investment Management LLC grew its holdings in Banco Latinoamericano de Comerci Extr by 7.9% during the 3rd quarter. Paradice Investment Management LLC now owns 2,320,357 shares of the bank’s stock worth $48,542,000 after acquiring an additional 169,313 shares during the last quarter. Motley Fool Wealth Management LLC grew its holdings in Banco Latinoamericano de Comerci Extr by 21.3% during the 3rd quarter. Motley Fool Wealth Management LLC now owns 452,202 shares of the bank’s stock worth $9,460,000 after acquiring an additional 79,379 shares during the last quarter. Finally, American International Group Inc. bought a new stake in Banco Latinoamericano de Comerci Extr during the 3rd quarter worth approximately $425,000. 16.24% of the stock is currently owned by hedge funds and other institutional investors.

Banco Latinoamericano de Comerci Extr Company Profile

Banco Latinoamericano de Comercio Exterior, SA, a multinational bank, primarily engages in the financing of foreign trade in Latin America and the Caribbean. The company operates through two segments, Commercial and Treasury. It offers short and medium-term bilateral, collateral-backed, short and medium term trade, and pre-export financing structured loans; and discounting of notes, cross-border leasing, pre- and post-export financing, import financing, letters of credit, bank guarantees, documentary collection, irrevocable reimbursement undertakings, bankers' acceptance, vendor finance, and ECA-backed financing services.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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