Zacks: GRUPO AVAL ACCI/S (AVAL) Given Consensus Recommendation of “Buy” by Analysts

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GRUPO AVAL ACCI/S (NYSE:AVAL) has been given a consensus broker rating score of 2.33 (Buy) from the three brokers that provide coverage for the company, Zacks Investment Research reports. Two research analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. GRUPO AVAL ACCI/S’s rating score has improved by 17.7% in the last 90 days as a result of various analysts’ ratings changes.

Analysts have set a 1-year consensus price target of $8.75 for the company and are predicting that the company will post $0.18 EPS for the current quarter, according to Zacks. Zacks has also assigned GRUPO AVAL ACCI/S an industry rank of 249 out of 256 based on the ratings given to its competitors.

A number of research firms have issued reports on AVAL. Zacks Investment Research cut GRUPO AVAL ACCI/S from a “hold” rating to a “sell” rating in a research note on Thursday, December 6th. ValuEngine raised GRUPO AVAL ACCI/S from a “strong sell” rating to a “sell” rating in a research note on Friday, December 7th. JPMorgan Chase & Co. set a $8.00 target price on GRUPO AVAL ACCI/S and gave the company a “hold” rating in a research note on Tuesday, November 27th. Finally, Santander raised GRUPO AVAL ACCI/S from a “hold” rating to a “buy” rating in a research note on Monday, November 19th.

Shares of AVAL stock traded up $0.11 on Wednesday, reaching $6.95. 4,293 shares of the stock were exchanged, compared to its average volume of 224,177. The company has a market cap of $2.31 billion, a P/E ratio of 11.50 and a beta of 0.60. GRUPO AVAL ACCI/S has a one year low of $5.59 and a one year high of $9.51. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.69.

GRUPO AVAL ACCI/S (NYSE:AVAL) last announced its quarterly earnings data on Thursday, November 15th. The bank reported $0.21 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $914.88 million during the quarter. As a group, equities research analysts anticipate that GRUPO AVAL ACCI/S will post 0.77 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Signaturefd LLC raised its stake in GRUPO AVAL ACCI/S by 240.9% in the third quarter. Signaturefd LLC now owns 13,017 shares of the bank’s stock valued at $101,000 after buying an additional 9,199 shares during the period. Dimensional Fund Advisors LP raised its stake in GRUPO AVAL ACCI/S by 3.0% in the second quarter. Dimensional Fund Advisors LP now owns 361,552 shares of the bank’s stock valued at $2,996,000 after buying an additional 10,472 shares during the period. Northern Trust Corp raised its stake in GRUPO AVAL ACCI/S by 2.7% in the second quarter. Northern Trust Corp now owns 419,629 shares of the bank’s stock valued at $3,478,000 after buying an additional 11,031 shares during the period. Bank of Montreal Can raised its stake in GRUPO AVAL ACCI/S by 22.4% in the third quarter. Bank of Montreal Can now owns 80,765 shares of the bank’s stock valued at $627,000 after buying an additional 14,800 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new stake in GRUPO AVAL ACCI/S in the third quarter valued at approximately $151,000. Institutional investors and hedge funds own 18.37% of the company’s stock.

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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