Banco Latinoamericano de Comerci Extr (NYSE:BLX) PT Raised to $25.00 at TD Securities

Banco Latinoamericano de Comerci Extr (NYSE:BLX) had its price target increased by TD Securities from $24.00 to $25.00 in a research report issued to clients and investors on Friday, Stock Target Advisor reports. The firm currently has a “buy” rating on the bank’s stock. TD Securities’ target price suggests a potential upside of 13.22% from the company’s previous close.

Several other research firms have also commented on BLX. CIBC boosted their price target on shares of Banco Latinoamericano de Comerci Extr from $24.00 to $25.00 in a report on Wednesday, October 23rd. Zacks Investment Research upgraded shares of Banco Latinoamericano de Comerci Extr from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a report on Wednesday, September 25th. TheStreet upgraded shares of Banco Latinoamericano de Comerci Extr from a “d+” rating to a “c” rating in a report on Friday, August 2nd. Finally, ValuEngine lowered shares of Banco Latinoamericano de Comerci Extr from a “sell” rating to a “strong sell” rating in a report on Saturday, August 31st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $24.33.

Shares of BLX opened at $22.08 on Friday. Banco Latinoamericano de Comerci Extr has a 1-year low of $16.02 and a 1-year high of $22.95. The company has a 50-day moving average of $20.10 and a 200 day moving average of $20.26. The firm has a market capitalization of $853.27 million, a price-to-earnings ratio of 78.86 and a beta of 1.32. The company has a debt-to-equity ratio of 2.60, a current ratio of 2.20 and a quick ratio of 2.09.

Banco Latinoamericano de Comerci Extr (NYSE:BLX) last announced its quarterly earnings data on Friday, October 18th. The bank reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.05). Banco Latinoamericano de Comerci Extr had a net margin of 28.00% and a return on equity of 8.46%. The company had revenue of $29.52 million for the quarter, compared to the consensus estimate of $35.00 million. On average, equities analysts anticipate that Banco Latinoamericano de Comerci Extr will post 2.23 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Parametric Portfolio Associates LLC raised its stake in shares of Banco Latinoamericano de Comerci Extr by 0.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 326,500 shares of the bank’s stock worth $6,801,000 after acquiring an additional 2,470 shares in the last quarter. Thomas White International Ltd. raised its stake in shares of Banco Latinoamericano de Comerci Extr by 3.1% during the 2nd quarter. Thomas White International Ltd. now owns 123,546 shares of the bank’s stock worth $2,573,000 after acquiring an additional 3,702 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Banco Latinoamericano de Comerci Extr by 9.1% during the 3rd quarter. Rhumbline Advisers now owns 48,347 shares of the bank’s stock worth $964,000 after acquiring an additional 4,021 shares in the last quarter. Lee Danner & Bass Inc. raised its stake in shares of Banco Latinoamericano de Comerci Extr by 2.3% during the 2nd quarter. Lee Danner & Bass Inc. now owns 605,614 shares of the bank’s stock worth $12,615,000 after acquiring an additional 13,900 shares in the last quarter. Finally, Beddow Capital Management Inc. raised its stake in shares of Banco Latinoamericano de Comerci Extr by 10.2% during the 2nd quarter. Beddow Capital Management Inc. now owns 334,292 shares of the bank’s stock worth $6,963,000 after acquiring an additional 30,939 shares in the last quarter. Hedge funds and other institutional investors own 15.49% of the company’s stock.

About Banco Latinoamericano de Comerci Extr

Banco Latinoamericano de Comercio Exterior, SA, a multinational bank, primarily engages in the financing of foreign trade in Latin America and the Caribbean. The company operates through two segments, Commercial and Treasury. It offers short and medium-term bilateral, structured and syndicated credits, and loan commitments; letter of credit contingencies, such as issued and confirmed letters of credit, and stand-by letters of credit; and guarantees covering commercial risk and other assets.

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