Last Updated: 13 Nov 2024
Executive Summary
BBVA Banco Frances SA ADR (BBAR) is a publicly traded company on the NYSE that offers a range of banking products and services in Argentina. The company has a market capitalization of $3.64 billion and trades at a price-to-earnings ratio of 24.71. BBAR's financial performance has been mixed in recent quarters, with revenue declining and earnings remaining flat. However, the company's long-term prospects are positive, as it is well-positioned to benefit from the growing Argentine economy.
Company Overview
BBVA Banco Frances SA ADR is a subsidiary of BBVA, a global financial services group headquartered in Spain. The company was founded in 1886 and is one of the largest banks in Argentina. BBAR offers a wide range of banking products and services to individuals, businesses, and institutions. These products and services include checking and savings accounts, loans, credit cards, and investment products.
Fundamental Analysis
BBAR's financial performance has been mixed in recent quarters. Revenue declined by 2.6% in the latest quarter, and earnings per share remained flat. However, the company's net interest income increased by 3.4%, and its non-interest income increased by 1.2%. BBAR's balance sheet is strong, with a total capital ratio of 14.6% and a non-performing loan ratio of 1.7%.
Technical Analysis
BBAR's stock price has been trending higher in recent months. The stock broke out of a resistance level at $15.00 in early August and has since rallied to a high of $16.12. The stock is currently trading above its 50-day and 200-day moving averages, which is a bullish sign.
Short Term Outlook
BBAR's short-term outlook is positive. The stock is trading above its key moving averages and has broken out of a resistance level. The company's financial performance is mixed, but its balance sheet is strong. BBAR is well-positioned to benefit from the growing Argentine economy.
Long Term Outlook
BBAR's long-term outlook is also positive. The company is a leader in the Argentine banking sector and is well-positioned to benefit from the country's economic growth. BBAR's strong balance sheet and experienced management team should allow it to continue to grow and create value for shareholders.
Analyst Recommendations
The majority of analysts have a buy rating on BBAR. The average analyst target price is $13.63, which represents a potential upside of 13.4% from the current price.
