Banco BBVA Argentina (NYSE:BBAR) Upgraded by Morgan Stanley to “Overweight” Rating

Banco BBVA Argentina (NYSE:BBAR) was upgraded by research analysts at Morgan Stanley from an “underweight” rating to an “overweight” rating in a note issued to investors on Monday, Marketbeat Ratings reports. The firm presently has a $27.00 target price on the bank’s stock. Morgan Stanley’s target price would suggest a potential upside of 56.79% from the stock’s previous close.

Separately, StockNews.com cut Banco BBVA Argentina from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th.

Banco BBVA Argentina Trading Down 0.7 %

NYSE:BBAR opened at $17.22 on Monday. Banco BBVA Argentina has a 12 month low of $4.63 and a 12 month high of $18.24. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.99 and a quick ratio of 0.90. The business’s fifty day moving average price is $14.77 and its 200 day moving average price is $11.62.

Institutional Trading of Banco BBVA Argentina

A number of hedge funds have recently added to or reduced their stakes in BBAR. Virtu Financial LLC purchased a new position in Banco BBVA Argentina during the 3rd quarter worth $506,000. XTX Topco Ltd acquired a new stake in Banco BBVA Argentina in the third quarter valued at about $136,000. Point72 Asset Management L.P. boosted its holdings in Banco BBVA Argentina by 72.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 43,200 shares of the bank’s stock valued at $448,000 after purchasing an additional 18,200 shares in the last quarter. PointState Capital LP increased its position in Banco BBVA Argentina by 14.2% during the 3rd quarter. PointState Capital LP now owns 1,664,893 shares of the bank’s stock worth $17,265,000 after purchasing an additional 206,399 shares during the period. Finally, Benjamin Edwards Inc. purchased a new position in shares of Banco BBVA Argentina during the 3rd quarter worth approximately $293,000.

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.