Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA – Get Rating) – Jefferies Financial Group cut their FY2024 EPS estimates for shares of Banco Bilbao Vizcaya Argentaria in a research report issued on Wednesday, May 25th. Jefferies Financial Group analyst B. Creelan-Sandf now forecasts that the bank will post earnings of $0.87 per share for the year, down from their previous estimate of $0.92.

Several other equities research analysts have also commented on the company. Morgan Stanley upped their target price on Banco Bilbao Vizcaya Argentaria from €7.00 ($7.45) to €7.30 ($7.77) and gave the company an “overweight” rating in a research report on Tuesday, February 15th. Deutsche Bank Aktiengesellschaft upgraded Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “buy” rating in a report on Monday, May 9th. Barclays cut their price target on Banco Bilbao Vizcaya Argentaria from €6.50 ($6.91) to €6.20 ($6.60) and set an “equal weight” rating on the stock in a report on Wednesday, May 4th. Oddo Bhf lowered Banco Bilbao Vizcaya Argentaria from an “outperform” rating to a “neutral” rating in a report on Friday, March 25th. Finally, UBS Group increased their price target on Banco Bilbao Vizcaya Argentaria from €6.20 ($6.60) to €6.30 ($6.70) and gave the stock a “neutral” rating in a report on Thursday, January 27th. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $6.48.

Shares of BBVA stock opened at $5.24 on Thursday. Banco Bilbao Vizcaya Argentaria has a twelve month low of $4.76 and a twelve month high of $7.26. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.11. The business has a fifty day simple moving average of $5.34 and a 200 day simple moving average of $5.83. The company has a market cap of $34.94 billion, a P/E ratio of 6.16 and a beta of 1.42.

Several hedge funds have recently bought and sold shares of the company. DeDora Capital Inc. purchased a new stake in shares of Banco Bilbao Vizcaya Argentaria during the first quarter valued at approximately $28,000. CWM LLC increased its position in shares of Banco Bilbao Vizcaya Argentaria by 249.4% during the first quarter. CWM LLC now owns 5,146 shares of the bank’s stock valued at $29,000 after acquiring an additional 3,673 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in shares of Banco Bilbao Vizcaya Argentaria by 149.4% during the third quarter. Rockefeller Capital Management L.P. now owns 5,350 shares of the bank’s stock valued at $34,000 after acquiring an additional 3,205 shares during the last quarter. Tcwp LLC purchased a new stake in shares of Banco Bilbao Vizcaya Argentaria during the first quarter valued at approximately $35,000. Finally, Sageworth Trust Co of South Dakota purchased a new stake in shares of Banco Bilbao Vizcaya Argentaria during the fourth quarter valued at approximately $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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