In It For The Long Haul? Long Term Growth Pick: Banco de Chile (NYSE:BCH)

Shaers of Banco de Chile (NYSE:BCH) have been recommended as a long term growth pick.  With the firm’s stock price currently trading around $29.90, the firm has proven a solid track record of growth over the recent years.  Investors might consider the stock as a long term growth candidate as the firm has yielded 3.40% earnings per share growth over the past 5 years and 2.40% revenue growth over that same time frame. 

Investors may be trying to figure out how long the stock market bull run will continue. There are plenty of commentators who think that a downturn is coming soon, but there are plenty who believe that the market still has plenty of room to push higher. Preparing the portfolio for any market scenario can help ease the investor’s mind. Putting in the time to research investments as well as global economic data might help keep focus clear when things get cloudy. Closing in on the end of the year, investors may be conducting year-end portfolio reviews. Figuring out what has worked and what adjustments can be made may help iron out the wrinkles heading into the next few quarters.

Long-term growth (LTG) is an investing strategy where a stock will (hopefully) grow in value for a relatively long period of time.  A “buy-and-hold” investor will consider long-term growth as a longer time period then a day trader will. The buy-and-hold strategy looks ahead farther into the future, giving short-term price swings less consideration as long as the fundamentals stay the same.  

Let’s take a look at how the stock has been performing recently.  Over the past twelve months, Banco de Chile (NYSE:BCH)’s stock was 4.55%.  Over the last week of the month, it was 2.71%, 0.00% over the last quarter, and  1.25% for the past six months. 

Over the past 50 days, Banco de Chile’s stock is -8.91% off of the high and 5.64% removed from the low.  Their 52-Week High and Low are as follows: -11.13% (High), 10.59%, (Low). 

Despite the past success, investors want to know where the stock is headed from here.  Analysts covering the shares have a consensus short-term price target of $31.39 on the equity.   Analysts have a consensus recommendation of 3.20 based on a 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.  

Traders may be scanning through the playbook while trying to come up with some new ideas. Technical analysts may be setting up the charts to help spot the next big trade. Because there are so many different angles to take when approaching the stock market, traders may want to start with a simpler system before diving into deeper waters. Figuring out the proper approach may take some added time and dedication.