Zacks: Brokerages Set $30.00 Price Target for Banco Latinoamericano de Comerci Extr SA (BLX)

Banco Latinoamericano de Comerci Extr SA (NYSE:BLX) has been assigned an average broker rating score of 0.00 () from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.

Brokerages have set a one year consensus target price of $30.00 for the company and are forecasting that the company will post $0.68 earnings per share for the current quarter, according to Zacks. Zacks has also given Banco Latinoamericano de Comerci Extr SA an industry rank of 36 out of 265 based on the ratings given to its competitors.

A number of equities research analysts recently commented on BLX shares. Zacks Investment Research raised Banco Latinoamericano de Comerci Extr SA from a “sell” rating to a “hold” rating in a research note on Monday, December 5th. Deutsche Bank AG cut Banco Latinoamericano de Comerci Extr SA from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $31.00 to $29.00 in a research note on Tuesday, January 24th. Finally, S&P Equity Research cut Banco Latinoamericano de Comerci Extr SA from a “buy” rating to a “hold” rating in a research note on Friday, January 20th.

Several large investors have recently made changes to their positions in the company. LSV Asset Management boosted its stake in shares of Banco Latinoamericano de Comerci Extr SA by 1.3% in the third quarter. LSV Asset Management now owns 1,623,014 shares of the company’s stock worth $45,736,000 after buying an additional 20,800 shares during the period. Bowling Portfolio Management LLC bought a new stake in shares of Banco Latinoamericano de Comerci Extr SA during the fourth quarter worth approximately $606,000. Schafer Cullen Capital Management Inc. bought a new stake in shares of Banco Latinoamericano de Comerci Extr SA during the third quarter worth approximately $570,000. Capital Fund Management S.A. bought a new stake in shares of Banco Latinoamericano de Comerci Extr SA during the third quarter worth approximately $428,000. Finally, Beddow Capital Management Inc. boosted its stake in shares of Banco Latinoamericano de Comerci Extr SA by 3.6% in the third quarter. Beddow Capital Management Inc. now owns 256,479 shares of the company’s stock worth $7,228,000 after buying an additional 8,900 shares during the period. 16.33% of the stock is owned by institutional investors and hedge funds.

Shares of Banco Latinoamericano de Comerci Extr SA (NYSE:BLX) opened at 27.31 on Tuesday. The stock has a 50 day moving average price of $27.66 and a 200 day moving average price of $28.21. Banco Latinoamericano de Comerci Extr SA has a 1-year low of $21.95 and a 1-year high of $30.51. The firm has a market capitalization of $1.07 billion, a PE ratio of 12.30 and a beta of 1.60.

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About Banco Latinoamericano de Comerci Extr SA

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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