Banco Latinoamericano de Comercio Exterior S.A (BLX) 2020 Stock Forecast: Bullish Outlook with 53.58% Upside

Banco Latinoamericano de Comercio Exterior S.A (NYSE: BLX) is -47.90% lower on its value in year-to-date trading and has touched a low of $7.73 and a high of $22.85 in the current 52-week trading range. The BLX stock was last observed hovering at around $11.50 in the last trading session, with the day’s loss setting it -0.36% off its average median price target of $24.00 for the next 12 months. It is also 53.58% off the consensus price target high of $24.00 offered by 1 analysts, but current levels are 53.58% higher than the price target low of $24.00 for the same period.

The 2021 Backdoor Crypto Portfolio (free)

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.


Currently trading at $11.14, the stock is -11.09% and -5.04% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.21 million and changing -3.13% at the moment leaves the stock -34.96% off its SMA200. BLX registered -45.26% loss for a year compared to 6-month loss of -47.90%. The firm has a 50-day simple moving average (SMA 50) of $12.17 and a 200-day simple moving average (SMA200) of $15.42.

The stock witnessed a -9.06% gain in the last 1 month and extending the period to 3 months gives it a 31.83%, and is -3.38% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.15% over the week and 5.58% over the month.

Banco Latinoamericano de Comercio Exterior S.A (BLX) has around 175 employees, a market worth around $440.36M and $259.10M in sales. Current P/E ratio is 5.31. Profit margin for the company is 32.10%. Distance from 52-week low is 44.11% and -51.25% from its 52-week high. The company has generated returns on investments over the last 12 months (2.60%).

Banco Latinoamericano de Comercio Exterior S.A (BLX) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Banco Latinoamericano de Comercio Exterior S.A (BLX) is a “Buy”. 1 analysts offering their recommendations for the stock have an average rating of 1.00, where 0 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Banco Latinoamericano de Comercio Exterior S.A is expected to release its quarterly report on 07/17/2020 and quarterly earnings per share for the current quarter are estimated at $0.59 with sales reaching $34.68M over the same period.The EPS is expected to grow by 672.00% this year, but quarterly earnings will post 2.90% year-over-year. Quarterly sales are estimated to grow 3.20% in year-over-year returns.

Banco Latinoamericano de Comercio Exterior S.A (BLX) Top Institutional Holders

68 institutions hold shares in Banco Latinoamericano de Comercio Exterior S.A (BLX), with institutional investors hold 54.71% of the company’s shares. The shares outstanding are 39.61M, and float is at 30.30M with Short Float at 0.51%. Institutions hold 54.71% of the Float.

The top institutional shareholder in the company is Paradice Investment Management, LLC with over 2.21 million shares valued at $22.79 million. The investor’s holdings represent 5.58% of the BLX Shares outstanding. As of Mar 30, 2020, the second largest holder is Lsv Asset Management with 1.24 million shares valued at $12.78 million to account for 3.13% of the shares outstanding. The other top investors are Lee, Danner & Bass, Inc. which holds 0.51 million shares representing 1.28% and valued at over $5.24 million, while Parametric Portfolio Associates holds 0.98% of the shares totaling 0.39 million with a market value of $4.02 million.

Banco Latinoamericano de Comercio Exterior S.A (BLX): Who are the competitors?

The company’s main competitors (and peers) include Banco Macro S.A. (BMA) that is trading -74.63% down over the past 12 months. Itau Corpbanca (ITCB) is -67.92% down on the 1-year trading charts. Short interest in the company’s stock has fallen -18.48% from the last report on May 14, 2020 to stand at a total of 0.18 million short shares sold with a short interest ratio of 1.05.

Get The Best Stocks To Trade Every Day!

Join now to get the pre-market morning brief 100% free