Banco BBVA Argentina (NYSE:BBAR) Upgraded at StockNews.com

StockNews.com upgraded shares of Banco BBVA Argentina (NYSE:BBAR) from a hold rating to a buy rating in a research report released on Monday morning.

Separately, Morgan Stanley upgraded Banco BBVA Argentina from an “underweight” rating to an “overweight” rating and set a $27.00 target price for the company in a report on Monday.

Banco BBVA Argentina Price Performance

Banco BBVA Argentina stock opened at $17.42 on Monday. The company has a quick ratio of 0.90, a current ratio of 0.99 and a debt-to-equity ratio of 0.09. Banco BBVA Argentina has a 52-week low of $4.63 and a 52-week high of $19.98. The firm has a market cap of $3.56 billion, a PE ratio of 9.07 and a beta of 1.49. The company’s 50 day moving average is $15.21 and its two-hundred day moving average is $11.77.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in BBAR. Virtu Financial LLC purchased a new stake in shares of Banco BBVA Argentina during the 3rd quarter worth $506,000. XTX Topco Ltd acquired a new stake in Banco BBVA Argentina in the third quarter valued at $136,000. Point72 Asset Management L.P. lifted its holdings in Banco BBVA Argentina by 72.8% during the 3rd quarter. Point72 Asset Management L.P. now owns 43,200 shares of the bank’s stock worth $448,000 after buying an additional 18,200 shares during the last quarter. PointState Capital LP boosted its position in shares of Banco BBVA Argentina by 14.2% during the 3rd quarter. PointState Capital LP now owns 1,664,893 shares of the bank’s stock worth $17,265,000 after acquiring an additional 206,399 shares in the last quarter. Finally, Benjamin Edwards Inc. purchased a new position in shares of Banco BBVA Argentina in the 3rd quarter valued at about $293,000.

Banco BBVA Argentina Company Profile

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.