Avianca Holdings SA (AVH) Given Consensus Rating of “Hold” by Analysts

Shares of Avianca Holdings SA (NYSE:AVH) have received a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $11.00.

AVH has been the topic of a number of research analyst reports. Deutsche Bank upgraded Avianca from a “hold” rating to a “buy” rating and boosted their target price for the stock from $8.00 to $11.00 in a research report on Thursday, November 16th. Avian Securities upgraded Avianca to a “buy” rating and boosted their target price for the stock from $8.00 to $11.00 in a research report on Thursday, November 16th. ValuEngine downgraded Avianca from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. TheStreet upgraded Avianca from a “d+” rating to a “c” rating in a research report on Tuesday, December 5th. Finally, Zacks Investment Research upgraded Avianca from a “strong sell” rating to a “hold” rating in a research report on Monday, January 15th.

A number of hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC raised its position in Avianca by 15.4% during the fourth quarter. Renaissance Technologies LLC now owns 890,469 shares of the transportation company’s stock valued at $7,150,000 after purchasing an additional 119,069 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Avianca by 10.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 310,382 shares of the transportation company’s stock valued at $2,017,000 after purchasing an additional 30,039 shares during the period. Donald Smith & CO. Inc. purchased a new stake in Avianca during the fourth quarter valued at approximately $1,635,000. JPMorgan Chase & Co. raised its position in Avianca by 18.2% during the third quarter. JPMorgan Chase & Co. now owns 104,985 shares of the transportation company’s stock valued at $814,000 after purchasing an additional 16,175 shares during the period. Finally, OxFORD Asset Management LLP raised its position in Avianca by 11.9% during the third quarter. OxFORD Asset Management LLP now owns 104,428 shares of the transportation company’s stock valued at $809,000 after purchasing an additional 11,133 shares during the period. Institutional investors and hedge funds own 4.18% of the company’s stock.

Avianca (NYSE:AVH) traded down $0.05 during trading hours on Wednesday, hitting $8.45. The company had a trading volume of 533,451 shares, compared to its average volume of 117,569. The company has a quick ratio of 0.60, a current ratio of 0.65 and a debt-to-equity ratio of 3.63. The stock has a market capitalization of $669.89, a P/E ratio of 10.97 and a beta of 0.84. Avianca has a 12 month low of $6.37 and a 12 month high of $8.85.

Avianca (NYSE:AVH) last posted its earnings results on Tuesday, November 14th. The transportation company reported $0.31 EPS for the quarter, hitting analysts’ consensus estimates of $0.31. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.16 billion. Avianca had a return on equity of 11.94% and a net margin of 2.12%. equities research analysts predict that Avianca will post 0.84 earnings per share for the current year.

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Avianca Company Profile

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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