Shares of GRUPO AVAL ACCI/S (NYSE:AVAL) have earned an average broker rating score of 2.33 (Buy) from the three brokers that provide coverage for the company, Zacks Investment Research reports. Two research analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. GRUPO AVAL ACCI/S’s rating score has improved by 17.7% from 90 days ago as a result of a number of analysts’ ratings changes.
Analysts have set a one year consensus price objective of $8.75 for the company and are expecting that the company will post $0.18 earnings per share for the current quarter, according to Zacks. Zacks has also assigned GRUPO AVAL ACCI/S an industry rank of 158 out of 257 based on the ratings given to related companies.
A number of analysts recently commented on AVAL shares. Santander upgraded shares of GRUPO AVAL ACCI/S from a “hold” rating to a “buy” rating in a report on Monday, November 19th. Zacks Investment Research downgraded shares of GRUPO AVAL ACCI/S from a “buy” rating to a “hold” rating in a research report on Wednesday, October 31st. JPMorgan Chase & Co. set a $8.00 target price on shares of GRUPO AVAL ACCI/S and gave the stock a “hold” rating in a research report on Tuesday, November 27th. Finally, ValuEngine raised shares of GRUPO AVAL ACCI/S from a “strong sell” rating to a “sell” rating in a research report on Friday.
A number of large investors have recently modified their holdings of the business. Signaturefd LLC raised its position in shares of GRUPO AVAL ACCI/S by 240.9% in the 3rd quarter. Signaturefd LLC now owns 13,017 shares of the bank’s stock valued at $101,000 after acquiring an additional 9,199 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of GRUPO AVAL ACCI/S during the 3rd quarter worth approximately $151,000. Citadel Advisors LLC bought a new position in shares of GRUPO AVAL ACCI/S in the third quarter valued at $243,000. Nordea Investment Management AB bought a new position in shares of GRUPO AVAL ACCI/S in the third quarter valued at $312,000. Finally, FNY Investment Advisers LLC bought a new position in shares of GRUPO AVAL ACCI/S in the third quarter valued at $479,000. 18.37% of the stock is currently owned by hedge funds and other institutional investors.
AVAL stock opened at $6.55 on Monday. GRUPO AVAL ACCI/S has a 52 week low of $6.24 and a 52 week high of $9.51. The stock has a market cap of $2.30 billion, a price-to-earnings ratio of 10.92 and a beta of 0.60. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.06 and a current ratio of 1.06.
The company also recently announced a special dividend, which will be paid on Tuesday, December 11th. Stockholders of record on Friday, November 30th will be issued a $0.0265 dividend. This represents a dividend yield of 4.1%. The ex-dividend date of this dividend is Thursday, November 29th. GRUPO AVAL ACCI/S’s payout ratio is 50.00%.
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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