Recent exceptional positive changes in investment behavior have benefitted Banco Latinoamericano de Comerci (NYSE: BLX): the stock rose on very heavy volume, and the stock’s recent price rise disrupted its longer term downtrend.
Banco Latinoamericano de Comerci (NYSE: BLX) has benefited from notable positive changes in fundamentals: significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.
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
With future capital returns forecasted to exceed the cost of capital, BLX is expected to continue to be a Value Builder.
Banco Latinoamericano de Comerci 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 Latinoamericano de Comerci has a good Power Rating of 81 and a very high Appreciation Score of 94, resulting in the Highest Value Trend Rating.
Recent Price Action
On 6/28/24, Banco Latinoamericano de Comerci (NYSE: BLX) stock enjoyed a large increase of 3.0%, closing at $29.67. Moreover, this advance was accompanied by exceptionally high trading volume at 364% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 3.7% during the last week.
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