Extremely significant positive changes in Banco Latinoamericano de Comerci (NYSE: BLX) investment behavior have recently occurred: the stock rose on very heavy volume, and its shorter term price trend turned up.
Banco Latinoamericano de Comerci (NYSE: BLX) has benefited from important 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
BLX’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Banco Latinoamericano de Comerci 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 Latinoamericano de Comerci has a good Power Rating of 82 and a very high Appreciation Score of 86, and the Highest Value Trend Rating results.
Recent Price Action
On 2/26/24, Banco Latinoamericano de Comerci (NYSE: BLX) stock rose modestly by 0.4%, closing at $27.40. Moreover, exceptionally high trading volume at 345% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months and has risen 14.8% during the last week.
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