Banco BBVA Argentina SA (NYSE: BBAR) has recently enjoyed notable positive changes in fundamentals: the consensus estimate for December, 2024 increased significantly, the consensus estimate for December, 2023 increased significantly, and significant quarterly earnings acceleration occurred.
Recent meaningful positive changes in investment behavior have benefitted Banco BBVA Argentina SA (NYSE: BBAR): the stock rose on very heavy volume.
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
Reflecting future returns on capital that are forecasted to exceed the cost of capital, BBAR is expected to continue to be a modest Value Builder.
Banco BBVA Argentina has a current Value Trend Rating of A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Banco BBVA Argentina has a good Power Rating of 73 and a very high Appreciation Score of 94, leading to the Highest Value Trend Rating.
Recent Price Action
On 3/7/24, Banco BBVA Argentina SA (NYSE: BBAR) stock enjoyed a large increase of 4.1%, closing at $7.55. Moreover, exceptionally high trading volume at 260% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 23.2% during the last week.
Be the first to comment