Zacks: GRUPO AVAL ACCI/S (NYSE:AVAL) Given $9.75 Consensus Price Target by Analysts

Shares of GRUPO AVAL ACCI/S (NYSE:AVAL) have been assigned an average broker rating score of 2.17 (Buy) from the three brokers that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company.

Brokers have set a twelve-month consensus target price of $9.75 for the company and are forecasting that the company will post $0.21 EPS for the current quarter, according to Zacks. Zacks has also given GRUPO AVAL ACCI/S an industry rank of 92 out of 256 based on the ratings given to related companies.

A number of research analysts have commented on the company. ValuEngine downgraded Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Zacks Investment Research upgraded Investar from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Tuesday, June 4th.

Shares of GRUPO AVAL ACCI/S stock traded down $0.04 on Thursday, reaching $8.09. 72,900 shares of the company were exchanged, compared to its average volume of 136,333. The business has a fifty day simple moving average of $7.51. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.05 and a quick ratio of 1.05. GRUPO AVAL ACCI/S has a fifty-two week low of $5.59 and a fifty-two week high of $8.51. The stock has a market cap of $2.93 billion, a price-to-earnings ratio of 10.11 and a beta of 0.96.

GRUPO AVAL ACCI/S (NYSE:AVAL) last issued its earnings results on Thursday, April 25th. The bank reported $0.23 EPS for the quarter. GRUPO AVAL ACCI/S had a return on equity of 12.89% and a net margin of 11.95%. The firm had revenue of $1.41 billion for the quarter. As a group, research analysts anticipate that GRUPO AVAL ACCI/S will post 0.86 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in AVAL. PNC Financial Services Group Inc. boosted its stake in shares of GRUPO AVAL ACCI/S by 40.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,940 shares of the bank’s stock worth $46,000 after acquiring an additional 1,706 shares in the last quarter. New York State Common Retirement Fund bought a new stake in shares of GRUPO AVAL ACCI/S during the 4th quarter worth about $59,000. Parallel Advisors LLC bought a new stake in shares of GRUPO AVAL ACCI/S during the 1st quarter worth about $80,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of GRUPO AVAL ACCI/S during the 1st quarter worth about $82,000. Finally, Mercer Global Advisors Inc. ADV bought a new stake in shares of GRUPO AVAL ACCI/S during the 1st quarter worth about $85,000. Institutional investors own 17.90% of the company’s stock.

GRUPO AVAL ACCI/S Company Profile

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.

Further Reading: Why investors pay attention to retained earnings

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