JPMorgan Chase & Co. Lowers Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Price Target to €6.00

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA – Get Rating) had its price objective lowered by JPMorgan Chase & Co. from €6.90 ($7.19) to €6.00 ($6.25) in a report published on Thursday morning, The Fly reports.

A number of other brokerages have also recently commented on BBVA. AlphaValue upgraded shares of Banco Bilbao Vizcaya Argentaria to a buy rating in a research report on Tuesday, February 15th. Zacks Investment Research raised Banco Bilbao Vizcaya Argentaria from a sell rating to a hold rating in a research note on Thursday, May 12th. Oddo Bhf lowered Banco Bilbao Vizcaya Argentaria from an outperform rating to a neutral rating in a research note on Friday, March 25th. UBS Group increased their price objective on Banco Bilbao Vizcaya Argentaria from €6.20 ($6.46) to €6.30 ($6.56) and gave the company a neutral rating in a research note on Thursday, January 27th. Finally, The Goldman Sachs Group initiated coverage on Banco Bilbao Vizcaya Argentaria in a research note on Wednesday, March 30th. They set a neutral rating for the company. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Banco Bilbao Vizcaya Argentaria presently has a consensus rating of Hold and a consensus price target of $6.48.

Shares of NYSE BBVA opened at $5.01 on Thursday. Banco Bilbao Vizcaya Argentaria has a one year low of $4.76 and a one year high of $7.26. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.58 and a quick ratio of 0.58. The firm’s 50 day simple moving average is $5.38 and its two-hundred day simple moving average is $5.85. The stock has a market capitalization of $33.41 billion, a P/E ratio of 5.89 and a beta of 1.42.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BBVA. DeDora Capital Inc. bought a new stake in Banco Bilbao Vizcaya Argentaria in the 1st quarter worth about $28,000. CWM LLC grew its stake in shares of Banco Bilbao Vizcaya Argentaria by 249.4% during the 1st quarter. CWM LLC now owns 5,146 shares of the bank’s stock valued at $29,000 after purchasing an additional 3,673 shares during the period. Rockefeller Capital Management L.P. grew its stake in shares of Banco Bilbao Vizcaya Argentaria by 149.4% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 5,350 shares of the bank’s stock valued at $34,000 after purchasing an additional 3,205 shares during the period. Tcwp LLC bought a new stake in shares of Banco Bilbao Vizcaya Argentaria during the 1st quarter valued at about $35,000. Finally, Sageworth Trust Co of South Dakota bought a new stake in shares of Banco Bilbao Vizcaya Argentaria during the 4th quarter valued at about $39,000.

About Banco Bilbao Vizcaya Argentaria (Get Rating)

Banco Bilbao Vizcaya Argentaria, SA, together with its subsidiaries, provides retail banking, wholesale banking, and asset management services. It offers current accounts; and demand, savings, overnight, time, term, and subordinated deposits. The company also provides loan products; deals in securities; and manages pension and investment funds.

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