Banco Latinoamericano Comerc Exterior SA Stock Rating Reaffirmed by JPMorgan Chase & Co. (BLX)
Banco Latinoamericano Comerc Exterior SA (NYSE:BLX)‘s stock had its “overweight” rating reaffirmed by JPMorgan Chase & Co. in a research note issued on Wednesday. They currently have a $34.00 price target on the stock, up from their previous price target of $31.00. JPMorgan Chase & Co.’s price objective indicates a potential upside of 26.02% from the company’s current price.
Banco Latinoamericano Comerc Exterior SA (NYSE:BLX) traded up 0.44% during mid-day trading on Wednesday, hitting $27.10. 28,537 shares of the company’s stock traded hands. Banco Latinoamericano Comerc Exterior SA has a one year low of $21.70 and a one year high of $29.36. The stock has a 50-day moving average of $26.07 and a 200-day moving average of $26.29. The company has a market cap of $1.048 billion and a price-to-earnings ratio of 11.34.
Banco Latinoamericano Comerc Exterior SA (NYSE:BLX) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by $0.02. During the same quarter in the previous year, the company posted $0.43 earnings per share. Analysts expect that Banco Latinoamericano Comerc Exterior SA will post $2.75 EPS for the current fiscal year.
Separately, analysts at Zacks upgraded shares of Banco Latinoamericano Comerc Exterior SA from an “underperform” rating to a “neutral” rating in a research note on Tuesday, April 22nd. They now have a $27.30 price target on the stock.
Banco Latinoamericano de Comercio Exterior, SA (NYSE:BLX) a supranational bank established by central banks of Latin American and Caribbean countries to promote trade finance in Latin America and the Caribbean (the Region).
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