Banco BBVA Argentina SA (NYSE: BBAR) has benefited from meaningful positive changes in fundamentals: the consensus estimate for December, 2024 increased significantly, the consensus estimate for December, 2023 increased significantly, and significant quarterly earnings acceleration occurred.
Recent notable positive changes in investment behavior have benefitted Banco BBVA Argentina SA (NYSE: BBAR): the stock’s recent price rise disrupted its longer term downtrend.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, BBAR is expected to continue to be a modest Value Builder.
Banco BBVA Argentina has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Banco BBVA Argentina has a good Power Rating of 73 and a very high Appreciation Score of 94, triggering the Highest Value Trend Rating.
Recent Price Action
On 2/28/24, Banco BBVA Argentina SA (NYSE: BBAR) stock rose slightly by 0.2%, closing at $6.13. However, this advance was accompanied by unusually low trading volume at 50% of normal. The stock has performed in line with the market over the last nine months and has risen 5.3% during the last week.
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