Banco Latinoamericano de Comerci Extr (BLX) Rating Lowered to Strong Sell at ValuEngine

ValuEngine cut shares of Banco Latinoamericano de Comerci Extr (NYSE:BLX) from a sell rating to a strong sell rating in a research report sent to investors on Thursday.

Several other research firms also recently weighed in on BLX. Zacks Investment Research downgraded shares of Banco Latinoamericano de Comerci Extr from a hold rating to a strong sell rating in a report on Monday, October 29th. JPMorgan Chase & Co. downgraded shares of Banco Latinoamericano de Comerci Extr from a neutral rating to an underweight rating in a report on Thursday, October 25th. TD Securities restated a buy rating and set a $21.00 price objective on shares of Banco Latinoamericano de Comerci Extr in a report on Monday, November 12th. Finally, TheStreet downgraded shares of Banco Latinoamericano de Comerci Extr from a c rating to a d+ rating in a report on Thursday, November 1st. Two research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $24.50.

Shares of Banco Latinoamericano de Comerci Extr stock traded up $0.22 during trading on Thursday, reaching $18.12. 196,029 shares of the company traded hands, compared to its average volume of 130,316. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.44. Banco Latinoamericano de Comerci Extr has a 1-year low of $15.31 and a 1-year high of $30.50. The company has a market capitalization of $696.66 million, a PE ratio of 8.76 and a beta of 1.31.



Banco Latinoamericano de Comerci Extr (NYSE:BLX) last released its quarterly earnings data on Thursday, October 25th. The bank reported ($1.03) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($1.53). Banco Latinoamericano de Comerci Extr had a return on equity of 6.89% and a net margin of 4.29%. The business had revenue of $29.70 million for the quarter, compared to analyst estimates of $36.59 million. Sell-side analysts expect that Banco Latinoamericano de Comerci Extr will post 0.18 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. American International Group Inc. purchased a new stake in shares of Banco Latinoamericano de Comerci Extr in the third quarter valued at about $425,000. Motley Fool Wealth Management LLC raised its holdings in shares of Banco Latinoamericano de Comerci Extr by 21.3% in the third quarter. Motley Fool Wealth Management LLC now owns 452,202 shares of the bank’s stock valued at $9,460,000 after purchasing an additional 79,379 shares during the last quarter. Finally, Paradice Investment Management LLC raised its holdings in shares of Banco Latinoamericano de Comerci Extr by 7.9% in the third quarter. Paradice Investment Management LLC now owns 2,320,357 shares of the bank’s stock valued at $48,542,000 after purchasing an additional 169,313 shares during the last quarter. Hedge funds and other institutional investors own 16.24% of the company’s stock.

Banco Latinoamericano de Comerci Extr Company Profile

Banco Latinoamericano de Comercio Exterior, SA, a multinational bank, primarily engages in the financing of foreign trade in Latin America and the Caribbean. The company operates through two segments, Commercial and Treasury. It offers short and medium-term bilateral, collateral-backed, short and medium term trade, and pre-export financing structured loans; and discounting of notes, cross-border leasing, pre- and post-export financing, import financing, letters of credit, bank guarantees, documentary collection, irrevocable reimbursement undertakings, bankers' acceptance, vendor finance, and ECA-backed financing services.

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