Banco BBVA Argentina (NYSE:BBAR - Get Free Report) was upgraded by StockNews.com from a "hold" rating to a "buy" rating in a research note issued to investors on Monday.
Separately, Morgan Stanley upgraded Banco BBVA Argentina from an "underweight" rating to an "overweight" rating and set a $27.00 price objective for the company in a research note on Monday.
Check Out Our Latest Analysis on Banco BBVA Argentina
Banco BBVA Argentina Trading Up 11.6 %
Shares of BBAR stock traded up $2.00 on Monday, hitting $19.22. The stock had a trading volume of 1,963,762 shares, compared to its average volume of 870,715. The company's 50 day moving average price is $14.94 and its 200-day moving average price is $11.67. Banco BBVA Argentina has a 1 year low of $4.63 and a 1 year high of $19.90. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.99 and a quick ratio of 0.90. The firm has a market capitalization of $3.93 billion, a P/E ratio of 10.01 and a beta of 1.49.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in BBAR. XTX Topco Ltd purchased a new stake in shares of Banco BBVA Argentina in the third quarter valued at about $136,000. Truist Financial Corp purchased a new position in Banco BBVA Argentina in the second quarter worth $167,000. GSA Capital Partners LLP acquired a new stake in shares of Banco BBVA Argentina in the third quarter valued at about $237,000. SG Americas Securities LLC purchased a new stake in Banco BBVA Argentina during the third quarter worth about $246,000. Finally, Channing Global Advisors LLC purchased a new position in Banco BBVA Argentina in the third quarter valued at about $247,000.
Banco BBVA Argentina Company Profile
(
Get Free Report)
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.
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