BidaskClub upgraded shares of Grupo Financiero Galicia (NASDAQ:GGAL) from a hold rating to a buy rating in a research report sent to investors on Wednesday morning, BidAskClub reports.
Other research analysts also recently issued reports about the stock. Credit Suisse Group upgraded shares of Grupo Financiero Galicia from a neutral rating to an outperform rating in a research report on Tuesday, July 2nd. Zacks Investment Research raised Grupo Financiero Galicia from a hold rating to a buy rating and set a $40.00 target price for the company in a research note on Wednesday, July 3rd. ValuEngine cut Grupo Financiero Galicia from a hold rating to a sell rating in a research note on Monday, July 22nd. Finally, JPMorgan Chase & Co. cut shares of Grupo Financiero Galicia from a neutral rating to an underweight rating and decreased their price target for the stock from $28.00 to $20.00 in a research note on Monday, April 29th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. Grupo Financiero Galicia presently has an average rating of Hold and a consensus target price of $30.00.
Grupo Financiero Galicia stock traded down $0.39 on Wednesday, hitting $35.02. The company’s stock had a trading volume of 901,423 shares, compared to its average volume of 879,826. The stock has a market capitalization of $5.24 billion, a price-to-earnings ratio of 9.75 and a beta of 0.85. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.77. The firm has a fifty day simple moving average of $35.50. Grupo Financiero Galicia has a one year low of $18.30 and a one year high of $39.22.
Grupo Financiero Galicia (NASDAQ:GGAL) last posted its earnings results on Thursday, May 9th. The bank reported $1.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.89. Grupo Financiero Galicia had a net margin of 20.31% and a return on equity of 31.89%. The business had revenue of $262.78 million for the quarter, compared to analyst estimates of $490.98 million. On average, analysts predict that Grupo Financiero Galicia will post 3.85 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in GGAL. Aperio Group LLC bought a new stake in shares of Grupo Financiero Galicia during the second quarter worth about $33,000. FNY Investment Advisers LLC acquired a new position in Grupo Financiero Galicia in the first quarter valued at approximately $127,000. KBC Group NV acquired a new position in shares of Grupo Financiero Galicia during the second quarter worth approximately $153,000. Exane Derivatives raised its position in shares of Grupo Financiero Galicia by 13.2% during the first quarter. Exane Derivatives now owns 6,439 shares of the bank’s stock worth $164,000 after purchasing an additional 753 shares during the period. Finally, Bank of America Corp DE raised its position in shares of Grupo Financiero Galicia by 60.2% during the fourth quarter. Bank of America Corp DE now owns 6,665 shares of the bank’s stock worth $184,000 after purchasing an additional 2,504 shares during the period. Hedge funds and other institutional investors own 25.80% of the company’s stock.
Grupo Financiero Galicia Company Profile
Grupo Financiero Galicia SA, a financial services holding company, provides various financial products and services in Argentina. The company operates through Banking, Regional Credit Cards, Insurance, and Other Grupo Galicia Businesses segments. It offers corporate banking services to companies; credit and debit cards, loans, and financing advice to various agricultural-sector clients; foreign trade transaction services; and e-banking services.
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