Banco De Chile (NYSE:BCH) Rating Increased to Strong-Buy at BidaskClub
Banco De Chile (NYSE:BCH) was upgraded by research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued on Thursday.
A number of other research analysts also recently commented on the company. Zacks Investment Research upgraded Banco De Chile from a “hold” rating to a “buy” rating and set a $81.00 price objective for the company in a research note on Wednesday, March 22nd. Credit Suisse Group set a $73.00 price objective on Banco De Chile and gave the stock a “hold” rating in a research note on Wednesday, April 12th. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $81.00.
Shares of Banco De Chile (NYSE BCH) opened at 85.73 on Thursday. The company’s 50 day moving average price is $77.07 and its 200 day moving average price is $73.55. Banco De Chile has a one year low of $64.66 and a one year high of $86.07. The firm has a market capitalization of $13.95 billion, a P/E ratio of 15.88 and a beta of 0.38.
Banco De Chile (NYSE:BCH) last issued its quarterly earnings data on Monday, May 8th. The bank reported $1.30 EPS for the quarter, missing the Zacks’ consensus estimate of $1.36 by $0.06. The company had revenue of $640.30 million for the quarter. Banco De Chile had a return on equity of 18.89% and a net margin of 24.00%. On average, analysts expect that Banco De Chile will post $5.30 EPS for the current fiscal year.
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A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Nordea Investment Management AB acquired a new position in shares of Banco De Chile during the first quarter worth about $114,000. Parallel Advisors LLC raised its stake in shares of Banco De Chile by 3.4% in the first quarter. Parallel Advisors LLC now owns 1,839 shares of the bank’s stock valued at $135,000 after buying an additional 60 shares during the period. Global X Management Co. LLC raised its stake in shares of Banco De Chile by 27.9% in the first quarter. Global X Management Co. LLC now owns 1,931 shares of the bank’s stock valued at $139,000 after buying an additional 421 shares during the period. Wexford Capital LP purchased a new stake in shares of Banco De Chile during the first quarter valued at $209,000. Finally, Two Sigma Securities LLC purchased a new stake in shares of Banco De Chile during the first quarter valued at $235,000. Institutional investors own 1.86% of the company’s stock.
Banco De Chile Company Profile
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