Grupo Financiero Galicia S.A. (NASDAQ:GGAL) has been assigned an average rating of “Hold” from the eight brokerages that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $30.00.
A number of research analysts have recently commented on GGAL shares. Credit Suisse Group raised Grupo Financiero Galicia from a “neutral” rating to an “outperform” rating in a report on Tuesday, July 2nd. ValuEngine lowered Grupo Financiero Galicia from a “hold” rating to a “sell” rating in a report on Monday, July 22nd. BidaskClub raised Grupo Financiero Galicia from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. lowered Grupo Financiero Galicia from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $28.00 to $20.00 in a report on Monday, April 29th. Finally, Zacks Investment Research raised Grupo Financiero Galicia from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Wednesday, July 3rd.
GGAL stock traded down $0.87 during mid-day trading on Wednesday, reaching $34.15. The company had a trading volume of 39,724 shares, compared to its average volume of 916,187. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $5.00 billion, a PE ratio of 9.51 and a beta of 0.85. Grupo Financiero Galicia has a one year low of $18.30 and a one year high of $39.22. The business has a 50-day moving average price of $35.50.
Grupo Financiero Galicia (NASDAQ:GGAL) last posted its earnings results on Thursday, May 9th. The bank reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.89. The company had revenue of $262.78 million for the quarter, compared to analysts’ expectations of $490.98 million. Grupo Financiero Galicia had a return on equity of 31.89% and a net margin of 20.31%. As a group, research analysts predict that Grupo Financiero Galicia will post 3.85 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of GGAL. BlackRock Inc. increased its holdings in shares of Grupo Financiero Galicia by 44.9% during the fourth quarter. BlackRock Inc. now owns 2,390,466 shares of the bank’s stock valued at $65,905,000 after purchasing an additional 740,685 shares during the period. USS Investment Management Ltd acquired a new position in Grupo Financiero Galicia during the first quarter worth about $10,210,000. Consilium Investment Management LLC acquired a new position in Grupo Financiero Galicia during the first quarter worth about $8,378,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in Grupo Financiero Galicia during the second quarter worth about $9,899,000. Finally, Deutsche Bank AG grew its holdings in Grupo Financiero Galicia by 52.3% during the fourth quarter. Deutsche Bank AG now owns 536,439 shares of the bank’s stock worth $14,788,000 after acquiring an additional 184,124 shares during the period. 25.48% of the stock is currently owned by institutional investors.
About Grupo Financiero Galicia
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.
Read More: Why is the Consumer Price Index (CPI) important?
Receive News & Ratings for Grupo Financiero Galicia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grupo Financiero Galicia and related companies with MarketBeat.com's FREE daily email newsletter.