GRUPO AVAL ACCI/S (AVAL) Upgraded by Zacks Investment Research to Hold

Share on StockTwits

GRUPO AVAL ACCI/S (NYSE:AVAL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Tuesday.

According to Zacks, “Grupo Aval Acciones y Valores S.A. is a financial services group. It provides a comprehensive range of financial services and products ranging from traditional banking services, such as making loans and taking deposits, to pension and severance fund management. The company also provides general purpose loans, foreign exchange services, documentation services, guarantees, auto financing, payroll loans, and credit cards, as well as various deposit and basic treasury products. It provides fiduciary services; merchandise storage and deposit, customs agency, cargo management, and merchandise distribution; brokerage services, fund management, portfolio management, securities management, and capital markets consulting services; and investment banking, treasury, and private banking services. Grupo Aval Acciones Y Valores S.A. is based in Bogotá, Colombia. “

AVAL has been the topic of several other reports. Santander raised GRUPO AVAL ACCI/S from a “hold” rating to a “buy” rating in a report on Monday, November 19th. ValuEngine lowered GRUPO AVAL ACCI/S from a “sell” rating to a “strong sell” rating in a report on Wednesday, November 21st. Finally, JPMorgan Chase & Co. set a $8.00 price target on GRUPO AVAL ACCI/S and gave the stock a “hold” rating in a research note on Tuesday, November 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. GRUPO AVAL ACCI/S has an average rating of “Hold” and an average target price of $9.00.

Shares of AVAL opened at $7.11 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.69. GRUPO AVAL ACCI/S has a 12 month low of $5.59 and a 12 month high of $9.28. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of 11.85 and a beta of 0.78.

GRUPO AVAL ACCI/S (NYSE:AVAL) last issued its quarterly earnings data on Thursday, November 15th. The bank reported $0.21 EPS for the quarter, beating the consensus estimate of $0.20 by $0.01. GRUPO AVAL ACCI/S had a return on equity of 9.49% and a net margin of 11.06%. The company had revenue of $914.88 million for the quarter. Research analysts anticipate that GRUPO AVAL ACCI/S will post 0.78 earnings per share for the current year.

Large investors have recently modified their holdings of the company. Lindbrook Capital LLC acquired a new position in GRUPO AVAL ACCI/S during the fourth quarter worth $33,000. New York State Common Retirement Fund acquired a new position in GRUPO AVAL ACCI/S during the fourth quarter worth $59,000. Ballentine Partners LLC acquired a new position in GRUPO AVAL ACCI/S during the fourth quarter worth $63,000. Signaturefd LLC boosted its stake in GRUPO AVAL ACCI/S by 240.9% during the third quarter. Signaturefd LLC now owns 13,017 shares of the bank’s stock worth $101,000 after buying an additional 9,199 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in GRUPO AVAL ACCI/S during the third quarter worth $151,000. 18.28% of the stock is currently owned by hedge funds and other institutional investors.

GRUPO AVAL ACCI/S Company Profile

Grupo Aval Acciones y Valores SA provides a range of financial services and products to public and private sector customers in Colombia and Central America. The company's deposit products and services include checking accounts, savings accounts, and time deposits, as well as other deposits consisting of deposits from correspondent accounts, cashier checks, and collection services.

Recommended Story: Understanding Market Liquidity

Get a free copy of the Zacks research report on GRUPO AVAL ACCI/S (AVAL)

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

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

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2019 BBNS.