Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) has been upgraded by Citigroup, from Neutral to Buy on October 25. Analysts at JP Morgan, shed their positive views on September 04 by lowering it fromOverweight to Neutral. The stock won favor of Societe Generale analysts who expressed their confidence in it using an upgrade from Sell to Hold on April 30. HSBC Securities analysts came out with bullish views on March 21 when the call was made. They think the stock is now Buy compared to to their prior call for Hold.
Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) grew as high as $5.32 on Monday before closing at $5.29. The 0.38 percent rally pushed its market cap to $36.38B. The shares went down as low as $5.23 before recovering. Trading activity significantly weakened as the volume at ready counter decreased to 4,875,613 shares versus 5,473,095 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 3,760,322 shares. The stock is now 6.01% above against its bear-market low of $4.99 on December 11, 2018. It has retreated -80.34% since it’s 52-week high of $9.54 reached in January. Now the market price is down -37.91% on the year and down -37.76% YTD.
BBVA’s 50 day simple moving average (SMA 50) price is $5.54 and its 200-day simple moving average (SMA 200) price is $6.69. The company’s stock currently has a total float of 6.62B shares. Its weekly volatility is hovering around 2.61% and felt 2.52% volatility in price over a month. On the upside, the share price will test short term resistance at around $5.33. On a downside, the stock is likely to find some support, which begins at $5.24. The failure to get near-term support could push it to $5.19.
Wall Street’s most bullish Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) analysts are predicting the share price to blow past $9.05 per share during the next 12 months. The current median share price forecast by them is $7.19, suggesting that the stock could increase 35.92% in that time frame. The average price target of $7.26 calls for a nearly 37.24% increase in the stock price.
When looking at valuations, Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) has a cheap P/E of 9.6x as compared to industry average of 19.01x. Moreover, it trades for 7.25 times the next 12 months of expected earnings. Also, it is trading at rather inexpensive levels at just over 0.74x price/book and 1.2x price/sales. Compared to others, Banco Bilbao Vizcaya Argentaria, S.A. is in a different league with regards to profitability, having net margins of 12.6%. To put some perspective around this, the industry’s average net margin is 29.87%. BBVA’s ROE is 7.3%, which is also considerably worse than the industry’s ROE of 16.14%.
Shares of Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) have dropped -8.5% since the company’s Dec-19 earnings report. For this quarter, Wall Street analysts forecast revenue in a range of $29.09 billion to $29.09 billion, which should be compared with $0 generated last year.