Analysts Set Banco Latinoamericano de Comerci Extr SA (NYSE:BLX) Target Price at $22.75

Shares of Banco Latinoamericano de Comerci Extr SA (NYSE:BLX) have earned a consensus recommendation of “Hold” from the eight analysts that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $22.75.

Several equities analysts recently commented on the stock. TheStreet upgraded shares of Banco Latinoamericano de Comerci Extr from a “d+” rating to a “c” rating in a report on Friday, August 2nd. Zacks Investment Research downgraded shares of Banco Latinoamericano de Comerci Extr from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 30th. Finally, Raymond James reiterated a “buy” rating and set a $25.00 price target on shares of Banco Latinoamericano de Comerci Extr in a report on Thursday, May 9th.

NYSE:BLX traded down $0.26 during mid-day trading on Friday, hitting $20.23. 40,311 shares of the stock traded hands, compared to its average volume of 77,617. The stock has a market cap of $796.29 million, a PE ratio of 72.25 and a beta of 1.30. Banco Latinoamericano de Comerci Extr has a 52 week low of $15.31 and a 52 week high of $23.93. The stock has a 50 day moving average price of $20.74. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 2.40.

Banco Latinoamericano de Comerci Extr (NYSE:BLX) last issued its quarterly earnings results on Friday, July 19th. The bank reported $0.56 EPS for the quarter, beating the consensus estimate of $0.55 by $0.01. The company had revenue of $33.63 million for the quarter, compared to the consensus estimate of $34.31 million. Banco Latinoamericano de Comerci Extr had a net margin of 7.80% and a return on equity of 7.92%. Research analysts predict that Banco Latinoamericano de Comerci Extr will post 2.2 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the business. Thomas White International Ltd. grew its stake in Banco Latinoamericano de Comerci Extr by 24.2% in the 1st quarter. Thomas White International Ltd. now owns 119,844 shares of the bank’s stock worth $2,387,000 after acquiring an additional 23,320 shares in the last quarter. Beddow Capital Management Inc. grew its stake in Banco Latinoamericano de Comerci Extr by 10.2% in the 2nd quarter. Beddow Capital Management Inc. now owns 334,292 shares of the bank’s stock worth $6,963,000 after acquiring an additional 30,939 shares in the last quarter. Motley Fool Wealth Management LLC grew its stake in Banco Latinoamericano de Comerci Extr by 0.7% in the 1st quarter. Motley Fool Wealth Management LLC now owns 464,521 shares of the bank’s stock worth $9,253,000 after acquiring an additional 3,094 shares in the last quarter. Finally, Lee Danner & Bass Inc. grew its stake in Banco Latinoamericano de Comerci Extr by 2.3% in the 2nd quarter. Lee Danner & Bass Inc. now owns 605,614 shares of the bank’s stock worth $12,615,000 after acquiring an additional 13,900 shares in the last quarter. Institutional investors and hedge funds own 15.79% of the company’s stock.

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, structured and syndicated credits, and loan commitments; letter of credit contingencies, such as issued and confirmed letters of credit, and stand-by letters of credit; and guarantees covering commercial risk and other assets.

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Analyst Recommendations for Banco Latinoamericano de Comerci Extr (NYSE:BLX)

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