Citigroup Upgrades GRUPO AVAL ACCI/S (NYSE:AVAL) to Buy

Citigroup upgraded shares of GRUPO AVAL ACCI/S (NYSE:AVAL) from a neutral rating to a buy rating in a research note released on Wednesday morning, Briefing.com Automated Import reports.

AVAL has been the subject of several other reports. Zacks Investment Research cut GRUPO AVAL ACCI/S from a hold rating to a sell rating in a report on Wednesday, September 25th. ValuEngine cut GRUPO AVAL ACCI/S from a hold rating to a sell rating in a report on Wednesday, July 31st. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of Hold and an average target price of $8.38.

AVAL opened at $7.50 on Wednesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.06 and a quick ratio of 1.06. The business has a 50 day simple moving average of $7.49 and a 200-day simple moving average of $7.61. The stock has a market capitalization of $8.30 billion, a P/E ratio of 8.56 and a beta of 0.96. GRUPO AVAL ACCI/S has a 12 month low of $5.59 and a 12 month high of $8.51.

GRUPO AVAL ACCI/S (NYSE:AVAL) last posted its quarterly earnings results on Thursday, August 22nd. The bank reported $0.23 EPS for the quarter, beating the consensus estimate of $0.21 by $0.02. The business had revenue of $1.37 billion during the quarter. GRUPO AVAL ACCI/S had a return on equity of 12.99% and a net margin of 12.36%. Research analysts anticipate that GRUPO AVAL ACCI/S will post 0.8 EPS for the current year.

The company also recently disclosed a — dividend, which will be paid on Tuesday, March 10th. Investors of record on Friday, February 28th will be paid a $0.0295 dividend. This represents a yield of 4.4%. The ex-dividend date of this dividend is Thursday, February 27th. GRUPO AVAL ACCI/S’s payout ratio is currently 42.50%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AVAL. Lindbrook Capital LLC increased its stake in GRUPO AVAL ACCI/S by 33.4% in the 2nd quarter. Lindbrook Capital LLC now owns 7,562 shares of the bank’s stock valued at $60,000 after purchasing an additional 1,893 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in GRUPO AVAL ACCI/S in the 2nd quarter valued at approximately $87,000. Bank of Montreal Can increased its stake in GRUPO AVAL ACCI/S by 122.4% in the 2nd quarter. Bank of Montreal Can now owns 11,031 shares of the bank’s stock valued at $88,000 after purchasing an additional 6,072 shares in the last quarter. Ballentine Partners LLC increased its stake in GRUPO AVAL ACCI/S by 23.6% in the 2nd quarter. Ballentine Partners LLC now owns 13,183 shares of the bank’s stock valued at $105,000 after purchasing an additional 2,521 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in GRUPO AVAL ACCI/S in the 2nd quarter valued at approximately $120,000. 5.71% of the stock is owned by hedge funds and other institutional investors.

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.

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