Bancolombia SA (NYSE:CIB) has been assigned an average recommendation of “Hold” from the twelve analysts that are currently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $43.67.
CIB has been the topic of several research reports. Deutsche Bank downgraded Bancolombia from a “buy” rating to a “hold” rating and cut their target price for the company from $52.00 to $45.00 in a research report on Friday, October 27th. Zacks Investment Research downgraded Bancolombia from a “hold” rating to a “sell” rating in a research report on Tuesday, November 21st. Citigroup downgraded Bancolombia from a “neutral” rating to a “sell” rating in a research report on Tuesday, January 9th. UBS Group raised Bancolombia from a “sell” rating to a “hold” rating in a research report on Monday, February 12th. Finally, ValuEngine raised Bancolombia from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 14th.
A number of large investors have recently bought and sold shares of the business. Guggenheim Capital LLC boosted its holdings in Bancolombia by 432.0% in the fourth quarter. Guggenheim Capital LLC now owns 65,101 shares of the bank’s stock valued at $2,581,000 after purchasing an additional 52,864 shares during the last quarter. Jefferies Group LLC boosted its holdings in Bancolombia by 28.8% in the fourth quarter. Jefferies Group LLC now owns 8,995 shares of the bank’s stock valued at $357,000 after purchasing an additional 2,010 shares during the last quarter. Amundi Pioneer Asset Management Inc. purchased a new stake in Bancolombia in the fourth quarter valued at $682,000. AXA boosted its holdings in Bancolombia by 21.6% in the fourth quarter. AXA now owns 9,000 shares of the bank’s stock valued at $357,000 after purchasing an additional 1,600 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its holdings in Bancolombia by 2.3% in the fourth quarter. Lazard Asset Management LLC now owns 1,643,311 shares of the bank’s stock valued at $65,173,000 after purchasing an additional 37,283 shares during the last quarter. 12.11% of the stock is currently owned by institutional investors.
Bancolombia (NYSE CIB) opened at $45.04 on Wednesday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.11 and a quick ratio of 1.11. Bancolombia has a 12-month low of $36.15 and a 12-month high of $48.74. The stock has a market capitalization of $10,851.96, a price-to-earnings ratio of 10.65, a P/E/G ratio of 2.47 and a beta of 0.46.
COPYRIGHT VIOLATION WARNING: “Bancolombia SA (CIB) Receives Consensus Recommendation of “Hold” from Analysts” was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this story on another site, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this story can be read at https://www.dispatchtribunal.com/2018/02/21/bancolombia-sa-cib-receives-consensus-recommendation-of-hold-from-analysts.html.
Bancolombia Company Profile
Bancolombia SA (Bancolombia) is a financial institution engaged in providing a range of financial products and services to a diversified individual, corporate, and government customer base throughout Colombia, Latin America and the Caribbean region. The Bank operates through 10 segments: Banking Colombia, Banking Panama, Banking El Salvador, Leasing, Trust, Investment Banking, Brokerage, Off Shore and All other.
Receive News & Ratings for Bancolombia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bancolombia and related companies with MarketBeat.com's FREE daily email newsletter.