Banco De Chile (BCH) Receives Consensus Rating of “Buy” from Brokerages
Banco De Chile (NYSE:BCH) has been given a consensus rating of “Buy” by the six ratings firms that are covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $78.00.
A number of brokerages have issued reports on BCH. BidaskClub raised Banco De Chile from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 13th. ValuEngine lowered Banco De Chile from a “buy” rating to a “hold” rating in a research note on Saturday. Credit Suisse Group set a $76.00 target price on Banco De Chile and gave the company a “hold” rating in a research note on Saturday, July 1st. Finally, Zacks Investment Research lowered Banco De Chile from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th.
Banco De Chile (NYSE BCH) traded up 0.36% during trading on Monday, hitting $84.63. 22,430 shares of the stock traded hands. The stock has a market cap of $13.77 billion, a PE ratio of 15.67 and a beta of 0.38. The company has a 50-day moving average price of $79.77 and a 200 day moving average price of $74.87. Banco De Chile has a one year low of $62.99 and a one year high of $86.49.
Banco De Chile (NYSE:BCH) last issued its quarterly earnings data on Monday, May 8th. The bank reported $1.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.36 by $0.06. The company had revenue of $640.30 million for the quarter. Banco De Chile had a net margin of 24.00% and a return on equity of 18.89%. Analysts expect that Banco De Chile will post $5.22 earnings per share for the current year.
ILLEGAL ACTIVITY NOTICE: “Banco De Chile (BCH) Receives Consensus Rating of “Buy” from Brokerages” was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this piece can be read at https://www.americanbankingnews.com/2017/07/24/banco-de-chile-bch-receives-consensus-rating-of-buy-from-brokerages.html.
Several hedge funds have recently made changes to their positions in BCH. Nordea Investment Management AB acquired a new stake in shares of Banco De Chile during the first quarter worth $114,000. Parallel Advisors LLC raised its stake in shares of Banco De Chile by 3.4% in the first quarter. Parallel Advisors LLC now owns 1,839 shares of the bank’s stock worth $135,000 after buying an additional 60 shares during the period. Global X Management Co. LLC raised its stake in shares of Banco De Chile by 27.9% in the first quarter. Global X Management Co. LLC now owns 1,931 shares of the bank’s stock worth $139,000 after buying an additional 421 shares during the period. Wexford Capital LP acquired a new stake in shares of Banco De Chile during the first quarter worth $209,000. Finally, Two Sigma Securities LLC acquired a new stake in shares of Banco De Chile during the first quarter worth $235,000. Institutional investors own 1.87% of the company’s stock.
Banco De Chile Company Profile
Receive News & Ratings for Banco De Chile Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco De Chile and related companies with MarketBeat.com's FREE daily email newsletter.