Banco BBVA Argentina (NYSE:BBAR) Stock Rating Upgraded by StockNews.com

Banco BBVA Argentina (NYSE:BBAR) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Monday.

Separately, Morgan Stanley raised shares of Banco BBVA Argentina from an “underweight” rating to an “overweight” rating and set a $27.00 price target on the stock in a report on Monday.

Banco BBVA Argentina Price Performance

NYSE BBAR opened at $19.21 on Monday. The firm’s fifty day simple moving average is $14.94 and its two-hundred day simple moving average is $11.67. The company has a current ratio of 0.99, a quick ratio of 0.90 and a debt-to-equity ratio of 0.09. Banco BBVA Argentina has a 12-month low of $4.63 and a 12-month high of $19.98. The firm has a market capitalization of $3.92 billion, a P/E ratio of 10.01 and a beta of 1.49.

Institutional Investors Weigh In On Banco BBVA Argentina

A number of large investors have recently made changes to their positions in BBAR. Ping Capital Management Inc. purchased a new stake in shares of Banco BBVA Argentina during the second quarter valued at $11,293,000. Fourth Sail Capital LP grew its holdings in shares of Banco BBVA Argentina by 74.6% during the second quarter. Fourth Sail Capital LP now owns 2,361,386 shares of the bank’s stock valued at $21,843,000 after buying an additional 1,009,103 shares during the last quarter. PointState Capital LP grew its holdings in shares of Banco BBVA Argentina by 14.2% during the third quarter. PointState Capital LP now owns 1,664,893 shares of the bank’s stock valued at $17,265,000 after buying an additional 206,399 shares during the last quarter. Sagil Capital LLP purchased a new stake in shares of Banco BBVA Argentina during the third quarter valued at $2,131,000. Finally, Mirabella Financial Services LLP purchased a new stake in shares of Banco BBVA Argentina during the third quarter valued at $1,155,000.

About Banco BBVA Argentina

Banco BBVA Argentina SA provides various banking products and services to individuals and companies in Argentina. The company provides retail banking products and services, such as checking and savings accounts, time deposits, credit cards financing, consumer and pledge loans, mortgages, insurance, and investment products to individuals; and small and medium-sized companies products and services, including financing products, factoring, checking accounts, time deposits, transactional and payroll services, insurance, and investment products to private-sector companies.