Grupo Aval Acciones y Valores (NYSE:AVAL) Announces Quarterly Earnings Results

Grupo Aval Acciones y Valores (NYSE:AVAL) released its earnings results on Friday. The bank reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.03), Zacks reports. Grupo Aval Acciones y Valores had a net margin of 5.08% and a return on equity of 6.06%. The business had revenue of $3.89 billion during the quarter, compared to analyst estimates of $1.47 billion.

Grupo Aval Acciones y Valores Price Performance

Shares of AVAL traded up $0.10 on Friday, reaching $4.05. The stock had a trading volume of 443,850 shares, compared to its average volume of 188,506. Grupo Aval Acciones y Valores has a twelve month low of $3.35 and a twelve month high of $6.20. The firm has a market capitalization of $4.81 billion, a PE ratio of 10.13 and a beta of 0.60. The firm has a 50-day moving average of $4.82 and a 200 day moving average of $4.76. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.56.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on AVAL shares. Wall Street Zen raised shares of Grupo Aval Acciones y Valores to a “hold” rating in a research note on Saturday, October 17th. Weiss Ratings cut shares of Grupo Aval Acciones y Valores from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, September 3rd. Finally, JPMorgan Chase & Co. cut shares of Grupo Aval Acciones y Valores from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $5.50 to $5.00 in a research note on Wednesday, September 16th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $5.00.

Grupo Aval Acciones y Valores Company Profile

Grupo Aval Acciones y Valores is a Colombian financial holding company with businesses in banking, asset management, investment banking and infrastructure. Its financial services include commercial and consumer banking, pension and severance fund management, and services for businesses and institutional clients. In Colombia, the group’s banking interests include Banco de Bogotá, Banco de Occidente, Banco Popular and Banco AV Villas. It also has a presence in Central America through BAC, which provides banking and other financial services in the region.