Zacks: BBX Capital Corp (NYSE:BBX) Receives Average Rating of “Strong Buy” from Analysts

Shares of BBX Capital Corp (NYSE:BBX) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.

Brokerages have set a 12 month consensus price target of $11.25 for the company and are predicting that the company will post $0.06 EPS for the current quarter, according to Zacks. Zacks has also assigned BBX Capital an industry rank of 198 out of 256 based on the ratings given to related companies.

Separately, Zacks Investment Research upgraded shares of BBX Capital from a “sell” rating to a “hold” rating in a research note on Thursday, August 15th.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of Montreal Can lifted its stake in BBX Capital by 5,892.4% during the 2nd quarter. Bank of Montreal Can now owns 5,513 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 5,421 shares during the period. Aperio Group LLC acquired a new stake in BBX Capital during the 2nd quarter valued at approximately $28,000. Legal & General Group Plc lifted its stake in BBX Capital by 21.2% during the 4th quarter. Legal & General Group Plc now owns 12,011 shares of the financial services provider’s stock valued at $69,000 after acquiring an additional 2,105 shares during the period. Parametric Portfolio Associates LLC acquired a new stake in BBX Capital during the 2nd quarter valued at approximately $72,000. Finally, BNP Paribas Arbitrage SA lifted its stake in BBX Capital by 590.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 13,639 shares of the financial services provider’s stock valued at $81,000 after acquiring an additional 11,665 shares during the period. Institutional investors and hedge funds own 29.97% of the company’s stock.

NYSE:BBX traded up $0.03 during trading hours on Wednesday, hitting $4.21. 145,000 shares of the company were exchanged, compared to its average volume of 216,648. BBX Capital has a 52-week low of $3.75 and a 52-week high of $7.60. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.43. The company’s 50 day moving average price is $4.31 and its 200-day moving average price is $5.22.

BBX Capital (NYSE:BBX) last released its earnings results on Wednesday, August 7th. The financial services provider reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.14). The company had revenue of $251.33 million for the quarter, compared to analysts’ expectations of $246.02 million. BBX Capital had a return on equity of 1.83% and a net margin of 0.76%. Analysts anticipate that BBX Capital will post -0.04 EPS for the current year.

BBX Capital Company Profile

BBX Capital Corporation, formerly known as BFC Financial Corporation, is a private equity and venture capital firm specializing in investments and acquisitions of middle market companies. The firm also invests in mergers and acquisition, add-on acquisitions, divestiture, taking public companies private and private companies public, leveraged buyout, partnership, recapitalization, and restructuring.

Further Reading: Stop Order

Get a free copy of the Zacks research report on BBX Capital (BBX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for BBX Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BBX Capital and related companies with MarketBeat.com's FREE daily email newsletter.