Banco BBVA Argentina SA (NYSE: BBAR) has benefited from exceptional positive changes in investment behavior: the stock rose on very heavy volume, and its shorter term price trend turned up.
Recent notable positive changes in fundamentals have benefitted Banco BBVA Argentina SA (NYSE: BBAR): significant quarterly earnings acceleration occurred, and the consensus estimate for December, 2024 increased significantly.
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, BBAR is expected to continue to be a major Value Builder.
Banco BBVA Argentina has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Banco BBVA Argentina has a very high Appreciation Score of 87 and a very high Power Rating of 96, and the Highest Value Trend Rating results.
Recent Price Action
On 9/4/24, Banco BBVA Argentina SA (NYSE: BBAR) stock enjoyed a very large increase of 10.0%, closing at $11.47. Moreover, exceptionally high trading volume at 359% of normal accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months and has risen 23.1% during the last week.
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