Alert: Negative Investment/Fundamental Signals (5/3/24)-Banco De Chile (NYSE: BCH)

out_logo_500#37067.jpg

Recent notable negative changes in fundamentals have impacted Banco De Chile (NYSE: BCH): significant quarterly sales deceleration occurred, the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly.

Banco De Chile (NYSE: BCH) suffers from notable negative changes in investment behavior: its longer term price trend turned down.

In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.

out_mm#37067.jpg

Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, BCH is expected to continue to be a modest Value Builder.

Banco De Chile has a current Value Trend Rating of C (High Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Banco De Chile has a neutral Power Rating of 54 and a slightly positive Appreciation Score of 60, and the High Neutral Value Trend Rating results.

Recent Price Action

Banco De Chile (NYSE: BCH) stock closed at $22.45 on 5/3/24 after an increase of 1.2%. However, exceptionally low trading volume at 48% of normal accompanied the advance. The stock has risen 1.4% during the last week and has performed in line with the market over the last nine months.

Be the first to comment

Leave a Reply

Your email address will not be published.


*