Analysts Set $16.50 Price Target for BBX Capital Corp Class A (BBX)

BBX Capital Corp Class A (NYSE:BBX) has received a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy recommendation.

Brokers have set a one year consensus price target of $16.50 for the company and are predicting that the company will post $0.15 EPS for the current quarter, according to Zacks. Zacks has also given BBX Capital Corp Class A an industry rank of 118 out of 255 based on the ratings given to its competitors.

A number of analysts recently issued reports on the company. Zacks Investment Research raised BBX Capital Corp Class A from a “sell” rating to a “hold” rating in a report on Wednesday, June 27th. B. Riley dropped their price objective on BBX Capital Corp Class A from $15.00 to $14.50 and set a “buy” rating on the stock in a report on Thursday, June 28th. Finally, Sidoti assumed coverage on BBX Capital Corp Class A in a report on Monday, April 30th. They set a “buy” rating and a $18.00 price objective on the stock.

BBX traded down $0.06 during trading on Monday, reaching $7.40. 170,700 shares of the company were exchanged, compared to its average volume of 345,495. The stock has a market capitalization of $725.36 million, a price-to-earnings ratio of 10.42 and a beta of 1.76. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.23 and a current ratio of 1.23. BBX Capital Corp Class A has a 12-month low of $6.32 and a 12-month high of $10.17.

In other BBX Capital Corp Class A news, Director Charlie C. Winningham II sold 13,673 shares of the company’s stock in a transaction dated Friday, June 1st. The stock was sold at an average price of $9.10, for a total value of $124,424.30. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 28.74% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its stake in BBX Capital Corp Class A by 28.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,310,331 shares of the financial services provider’s stock worth $12,068,000 after acquiring an additional 293,467 shares during the last quarter. Russell Investments Group Ltd. bought a new position in BBX Capital Corp Class A in the 1st quarter worth about $849,000. Meghalaya Partners L.P. increased its stake in BBX Capital Corp Class A by 50.0% in the 1st quarter. Meghalaya Partners L.P. now owns 375,000 shares of the financial services provider’s stock worth $3,454,000 after acquiring an additional 125,000 shares during the last quarter. Deutsche Bank AG increased its stake in BBX Capital Corp Class A by 9.5% in the 4th quarter. Deutsche Bank AG now owns 175,900 shares of the financial services provider’s stock worth $1,401,000 after acquiring an additional 15,300 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in BBX Capital Corp Class A by 39.0% in the 4th quarter. Renaissance Technologies LLC now owns 284,700 shares of the financial services provider’s stock worth $2,269,000 after acquiring an additional 79,900 shares during the last quarter. Institutional investors and hedge funds own 32.16% of the company’s stock.

About BBX Capital Corp Class A

BBX Capital Corporation, formerly known as BFC Financial Corporation, is a private equity and venture capital firm specializing in investments and acquisitions of middle market companies. The firm also invests in mergers and acquisition, add-on acquisitions, divestiture, taking public companies private and private companies public, leveraged buyout, partnership, recapitalization, and restructuring.

Featured Article: Fundamental Analysis and Choosing Stocks

Get a free copy of the Zacks research report on BBX Capital Corp Class A (BBX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for BBX Capital Corp Class A Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BBX Capital Corp Class A and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply