Bancolombia (NYSE:CIB) Stock Rating Lowered by ValuEngine

Share on StockTwits

Bancolombia (NYSE:CIB) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Tuesday, ValuEngine reports.

CIB has been the topic of a number of other reports. JPMorgan Chase & Co. upgraded shares of Bancolombia from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $48.00 to $55.00 in a research note on Tuesday, August 6th. Credit Suisse Group upgraded shares of Bancolombia from an “underperform” rating to a “neutral” rating and set a $53.00 target price on the stock in a research note on Tuesday, August 6th. Finally, Zacks Investment Research downgraded shares of Bancolombia from a “buy” rating to a “hold” rating in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $55.00.

Bancolombia stock traded up $0.30 during midday trading on Tuesday, reaching $51.31. The stock had a trading volume of 3,399 shares, compared to its average volume of 307,232. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.70. The firm has a market cap of $11.84 billion, a price-to-earnings ratio of 14.73 and a beta of 0.76. The company has a fifty day moving average of $49.92 and a 200 day moving average of $50.11. Bancolombia has a 52-week low of $35.52 and a 52-week high of $55.40.

Bancolombia (NYSE:CIB) last issued its earnings results on Monday, August 5th. The bank reported $1.21 EPS for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.16. The business had revenue of $1.16 billion for the quarter. Bancolombia had a net margin of 16.24% and a return on equity of 13.40%. Equities research analysts predict that Bancolombia will post 4.05 EPS for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CIB. BNP Paribas Arbitrage SA boosted its stake in shares of Bancolombia by 167.7% during the first quarter. BNP Paribas Arbitrage SA now owns 621 shares of the bank’s stock valued at $32,000 after purchasing an additional 389 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of Bancolombia by 398.8% during the first quarter. Bank of Montreal Can now owns 35,497 shares of the bank’s stock valued at $1,813,000 after purchasing an additional 28,381 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of Bancolombia by 45.7% during the first quarter. Parallel Advisors LLC now owns 845 shares of the bank’s stock valued at $43,000 after purchasing an additional 265 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Bancolombia by 337.9% during the first quarter. JPMorgan Chase & Co. now owns 162,395 shares of the bank’s stock valued at $8,292,000 after purchasing an additional 125,310 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of Bancolombia during the first quarter valued at approximately $238,000. Hedge funds and other institutional investors own 7.59% of the company’s stock.

Bancolombia Company Profile

Bancolombia SA provides various banking products and services to individual, corporate, and government customers in Colombia, Latin America, and the Caribbean region. The company operates in nine segments: Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Trust, Investment Banking, Brokerage, Off Shore, and All Other.

Further Reading: What is diluted earnings per share (Diluted EPS)?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Bancolombia (NYSE:CIB)

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



Latest News

Bancolombia  Stock Rating Lowered by ValuEngine
Bancolombia Stock Rating Lowered by ValuEngine
Wingstop  Stock Rating Lowered by BidaskClub
Wingstop Stock Rating Lowered by BidaskClub
$0.55 Earnings Per Share Expected for Pentair PLC  This Quarter
$0.55 Earnings Per Share Expected for Pentair PLC This Quarter
uPlexa Hits 1-Day Trading Volume of $4,148.00
uPlexa Hits 1-Day Trading Volume of $4,148.00
ALQO Trading Up 133.3% Over Last Week
ALQO Trading Up 133.3% Over Last Week
WOLLO 24 Hour Trading Volume Hits $3,374.00
WOLLO 24 Hour Trading Volume Hits $3,374.00


 
© 2006-2019 Zolmax.