Avianca Holdings S.A. (NYSE:AVH) has been given a consensus recommendation of “Hold” by the seven brokerages that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $9.00.
AVH has been the topic of several recent research reports. Deutsche Bank AG cut shares of Avianca Holdings from a “buy” rating to a “hold” rating and dropped their price objective for the company from $10.00 to $8.00 in a research note on Thursday, April 20th. Avian Securities boosted their price objective on shares of Avianca Holdings from $8.00 to $10.00 and gave the company a “hold” rating in a research note on Thursday, April 20th. Zacks Investment Research raised shares of Avianca Holdings from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 9th. BidaskClub raised shares of Avianca Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Finally, J P Morgan Chase & Co cut shares of Avianca Holdings from an “overweight” rating to a “neutral” rating in a research note on Wednesday, May 24th.
Institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC boosted its position in Avianca Holdings by 95.1% in the first quarter. Renaissance Technologies LLC now owns 598,848 shares of the transportation company’s stock worth $4,617,000 after buying an additional 291,948 shares during the period. Russell Investments Group Ltd. bought a new position in Avianca Holdings during the fourth quarter worth $1,312,000. James Investment Research Inc. boosted its position in Avianca Holdings by 62.4% in the first quarter. James Investment Research Inc. now owns 350,918 shares of the transportation company’s stock worth $2,706,000 after buying an additional 134,778 shares during the period. Oxford Asset Management bought a new position in Avianca Holdings during the first quarter worth $590,000. Finally, Bank of America Corp DE boosted its position in Avianca Holdings by 33.7% in the first quarter. Bank of America Corp DE now owns 194,162 shares of the transportation company’s stock worth $1,497,000 after buying an additional 48,887 shares during the period. 2.83% of the stock is currently owned by institutional investors and hedge funds.
Avianca Holdings (NYSE AVH) traded up 0.87% during mid-day trading on Friday, hitting $6.92. 47,141 shares of the stock were exchanged. The company has a 50 day moving average price of $6.93 and a 200 day moving average price of $7.36. Avianca Holdings has a 52-week low of $6.12 and a 52-week high of $10.91. The firm has a market cap of $862.39 million, a price-to-earnings ratio of 27.90 and a beta of 0.87.
The business also recently declared an annual dividend, which will be paid on Thursday, August 10th. Stockholders of record on Thursday, July 27th will be paid a dividend of $0.09 per share. The ex-dividend date is Tuesday, July 25th. This is a boost from Avianca Holdings’s previous annual dividend of $0.03. This represents a dividend yield of 1.42%. Avianca Holdings’s dividend payout ratio is 18.37%.
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About Avianca Holdings
Avianca Holdings SA is a Panama-based company engaged, through its subsidiaries, in the provision of air transportation services for passengers and commercial purposes. The Company was originally established as a strategic alliance between Aerovias del Continente Americano SA (AVIANCA) and Grupo TACA Holdings Limited (GTH), and it mainly operates in North, Central and South America, the Caribbean and Europe.
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