Analysts Set $9.75 Target Price for GRUPO AVAL ACCI/S (NYSE:AVAL)

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

Analysts have set a twelve-month consensus price objective of $9.75 for the company and are predicting that the company will post $0.21 earnings per share for the current quarter, according to Zacks. Zacks has also given GRUPO AVAL ACCI/S an industry rank of 71 out of 256 based on the ratings given to its competitors.

Several brokerages have recently issued reports on AVAL. ValuEngine downgraded shares of GRUPO AVAL ACCI/S from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. Zacks Investment Research raised shares of GRUPO AVAL ACCI/S from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 31st.

AVAL stock traded up $0.03 during midday trading on Friday, hitting $7.17. 8,435 shares of the company’s stock were exchanged, compared to its average volume of 66,522. The stock’s fifty day moving average price is $7.80 and its 200-day moving average price is $7.61. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market cap of $2.54 billion, a PE ratio of 8.96 and a beta of 0.96. GRUPO AVAL ACCI/S has a one year low of $5.59 and a one year high of $8.51.

A number of hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. boosted its position in GRUPO AVAL ACCI/S by 40.3% during the first quarter. PNC Financial Services Group Inc. now owns 5,940 shares of the bank’s stock valued at $46,000 after acquiring an additional 1,706 shares during the last quarter. 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 worth $60,000 after buying an additional 1,893 shares during the period. 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 worth $105,000 after buying an additional 2,521 shares during the period. Envestnet Asset Management Inc. increased its stake in GRUPO AVAL ACCI/S by 22.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 18,270 shares of the bank’s stock worth $146,000 after buying an additional 3,354 shares during the period. Finally, Citadel Advisors LLC increased its stake in GRUPO AVAL ACCI/S by 33.8% in the 2nd quarter. Citadel Advisors LLC now owns 18,292 shares of the bank’s stock worth $146,000 after buying an additional 4,616 shares during the period. Institutional investors own 17.93% 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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