HSBC Upgrades Banco Bilbao Vizcaya Argentaria (BBVA) to Buy

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) was upgraded by research analysts at HSBC from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday. The firm presently has a $7.79 target price on the bank’s stock, up from their previous target price of $7.22. HSBC’s price objective would indicate a potential downside of 0.76% from the company’s current price.

BBVA has been the subject of a number of other research reports. ValuEngine upgraded Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “buy” rating in a report on Saturday, April 7th. Zacks Investment Research cut Banco Bilbao Vizcaya Argentaria from a “buy” rating to a “hold” rating in a report on Wednesday, April 4th. Finally, Santander cut Banco Bilbao Vizcaya Argentaria from a “buy” rating to a “hold” rating in a report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $8.27.

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Shares of NYSE:BBVA opened at $7.85 on Friday. Banco Bilbao Vizcaya Argentaria has a 12-month low of $7.22 and a 12-month high of $9.54. The company has a market cap of $51,153.93, a PE ratio of 10.75, a PEG ratio of 1.00 and a beta of 1.16. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.05 and a quick ratio of 1.05.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last issued its quarterly earnings data on Thursday, February 1st. The bank reported $0.20 earnings per share (EPS) for the quarter. Banco Bilbao Vizcaya Argentaria had a return on equity of 8.63% and a net margin of 13.74%. The company had revenue of $7.49 billion during the quarter. sell-side analysts predict that Banco Bilbao Vizcaya Argentaria will post 0.85 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of BBVA. Welch Investments LLC bought a new stake in shares of Banco Bilbao Vizcaya Argentaria during the fourth quarter worth approximately $105,000. Trustcore Financial Services LLC bought a new stake in shares of Banco Bilbao Vizcaya Argentaria during the fourth quarter worth approximately $110,000. Premia Global Advisors LLC bought a new stake in shares of Banco Bilbao Vizcaya Argentaria in the fourth quarter valued at approximately $129,000. Avestar Capital LLC bought a new stake in shares of Banco Bilbao Vizcaya Argentaria in the fourth quarter valued at approximately $141,000. Finally, Acadian Asset Management LLC bought a new stake in shares of Banco Bilbao Vizcaya Argentaria in the fourth quarter valued at approximately $147,000. Institutional investors own 3.40% of the company’s stock.

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About Banco Bilbao Vizcaya Argentaria

Banco Bilbao Vizcaya Argentaria, SA, together with its subsidiaries, provides retail and wholesale banking, asset management, and private banking services. The company accepts various deposits, such as current and savings accounts, fixed-term deposits, subordinated deposits, and other accounts. It also offers loan products; and foreclosed real-estate assets from residential mortgages and developers, as well as lending to developers.

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