Zacks: Banco Latinoamericano de Comercio Exterior, S.A. (BLX) Given $25.50 Average Target Price by Analysts
Shares of Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) have been given an average broker rating score of 5.00 (Strong Sell) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong sell recommendation.
Brokers have set a 12-month consensus price objective of $25.50 for the company and are predicting that the company will post $0.55 earnings per share for the current quarter, according to Zacks. Zacks has also given Banco Latinoamericano de Comercio Exterior an industry rank of 106 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research cut shares of Banco Latinoamericano de Comercio Exterior from a “hold” rating to a “sell” rating in a report on Wednesday, November 22nd.
Shares of Banco Latinoamericano de Comercio Exterior (BLX) opened at $28.81 on Friday. The firm has a market cap of $1,069.55, a P/E ratio of 15.16 and a beta of 1.64. Banco Latinoamericano de Comercio Exterior has a 1-year low of $25.51 and a 1-year high of $30.45. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.32.
Banco Latinoamericano de Comercio Exterior (NYSE:BLX) last issued its earnings results on Friday, October 20th. The bank reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.04). The firm had revenue of $31.07 million during the quarter, compared to analyst estimates of $37.94 million. Banco Latinoamericano de Comercio Exterior had a net margin of 29.97% and a return on equity of 7.32%. equities analysts forecast that Banco Latinoamericano de Comercio Exterior will post 2.11 EPS for the current year.
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About Banco Latinoamericano de Comercio Exterior
Banco Latinoamericano de Comercio Exterior, SA (the Bank) is a specialized multinational bank. The Bank is established to support the financing of trade and economic integration in Latin America and the Caribbean. The Company operates in two segments: Commercial and Treasury. The Bank’s Commercial segment incorporates all of the Bank’s financial intermediation and fees generated by the commercial portfolio activities, such as origination of bilateral and syndicated credits, short- and medium-term loans, acceptances and contingent credits.
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