Grupo Aval Acciones y Valores (NYSE:AVAL) Posts Quarterly Earnings Results, Misses Estimates By $0.03 EPS

Grupo Aval Acciones y Valores (NYSE:AVAL) released its earnings results on Friday. The bank reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.03), Zacks reports. Grupo Aval Acciones y Valores had a return on equity of 6.06% and a net margin of 5.08%.

Grupo Aval Acciones y Valores Trading Up 2.8%

AVAL traded up $0.11 during trading on Friday, reaching $4.06. The company had a trading volume of 426,073 shares, compared to its average volume of 197,001. The firm’s 50-day simple moving average is $4.85 and its 200 day simple moving average is $4.77. The company has a market cap of $4.82 billion, a price-to-earnings ratio of 10.15 and a beta of 0.60. Grupo Aval Acciones y Valores has a 12-month low of $3.35 and a 12-month high of $6.20. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.88 and a current ratio of 0.88.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AVAL. JPMorgan Chase & Co. cut shares of Grupo Aval Acciones y Valores from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $5.50 to $5.00 in a report on Wednesday, September 16th. Weiss Ratings cut Grupo Aval Acciones y Valores from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, September 3rd. Finally, Wall Street Zen upgraded Grupo Aval Acciones y Valores to a “hold” rating in a research report on Saturday, October 17th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $5.00.

About Grupo Aval Acciones y Valores

Grupo Aval Acciones y Valores is a Colombian financial holding company with businesses in banking, asset management, investment banking and infrastructure. Its financial services include commercial and consumer banking, pension and severance fund management, and services for businesses and institutional clients. In Colombia, the group’s banking interests include Banco de Bogotá, Banco de Occidente, Banco Popular and Banco AV Villas. It also has a presence in Central America through BAC, which provides banking and other financial services in the region.