Brokerages Expect GRUPO AVAL ACCI/S (AVAL) to Post $0.18 Earnings Per Share

GRUPO AVAL ACCI/S (NYSE:AVAL) has been assigned an average broker rating score of 2.33 (Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. Two research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company.

Analysts have set a 12-month consensus target price of $8.75 for the company and are anticipating that the company will post $0.18 earnings per share for the current quarter, according to Zacks. Zacks has also given GRUPO AVAL ACCI/S an industry rank of 101 out of 255 based on the ratings given to related companies.

Several analysts have weighed in on the company. Santander upgraded GRUPO AVAL ACCI/S from a “hold” rating to a “buy” rating in a research note on Monday, November 19th. Zacks Investment Research downgraded GRUPO AVAL ACCI/S from a “hold” rating to a “sell” rating in a research note on Tuesday, November 20th. ValuEngine downgraded GRUPO AVAL ACCI/S from a “sell” rating to a “strong sell” rating in a research note on Wednesday, November 21st. Finally, JPMorgan Chase & Co. set a $8.00 price target on GRUPO AVAL ACCI/S and gave the company a “hold” rating in a research note on Tuesday, November 27th.

Several hedge funds have recently modified their holdings of the company. Norges Bank acquired a new position in GRUPO AVAL ACCI/S in the 4th quarter worth about $11,970,000. Sagil Capital LLP acquired a new position in shares of GRUPO AVAL ACCI/S during the third quarter valued at approximately $11,418,000. Acadian Asset Management LLC raised its holdings in shares of GRUPO AVAL ACCI/S by 204.4% during the fourth quarter. Acadian Asset Management LLC now owns 867,542 shares of the bank’s stock valued at $5,119,000 after acquiring an additional 582,527 shares during the last quarter. Brandes Investment Partners LP raised its holdings in shares of GRUPO AVAL ACCI/S by 7.1% during the fourth quarter. Brandes Investment Partners LP now owns 8,199,702 shares of the bank’s stock valued at $48,377,000 after acquiring an additional 546,074 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of GRUPO AVAL ACCI/S during the third quarter valued at approximately $3,525,000. 18.84% of the stock is owned by institutional investors and hedge funds.

AVAL stock traded up $0.03 on Friday, hitting $7.58. 86,594 shares of the company’s stock were exchanged, compared to its average volume of 120,416. GRUPO AVAL ACCI/S has a 12-month low of $5.59 and a 12-month high of $9.28. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market cap of $2.68 billion, a price-to-earnings ratio of 12.63 and a beta of 0.82.

About GRUPO AVAL ACCI/S

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.

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