Jun
12
JPMorgan Chase Co. cut shares of Grupo Financiero Galicia (NASDAQ:GGAL) to an underweight rating in a research note issued to investors on Wednesday.
JPMorgan Chase Co. has also modified their ratings on a number of other financials stocks in the few days. The firm reiterated its neutral rating on shares of Banco Macro SA. They have a $38.00 price target on that stock, up previously from $28.00. Also, JPMorgan Chase Co. reiterated its underweight rating on shares of Ferrellgas Partners, L.P.. They have a $21.00 price target on that stock, up previously from $20.00. Finally, JPMorgan Chase Co. reiterated its neutral rating on shares of Enbridge Energy Management, L.L.C.. They have a $33.00 price target on that stock, up previously from $30.00.
Shares of Grupo Financiero Galicia (NASDAQ:GGAL) opened at 13.84 on Wednesday. Grupo Financiero Galicia has a 52 week low of $4.96 and a 52 week high of $15.33. The stock has a 50-day moving average of $13.40 and a 200-day moving average of $11.33. The company has a market cap of $1.800 billion and a price-to-earnings ratio of 6.09.
Grupo Financiero Galicia (NASDAQ:GGAL) last released its earnings data on Tuesday, May 20th. The company reported $0.79 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.58 by $0.21. Analysts expect that Grupo Financiero Galicia will post $2.15 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks downgraded shares of Grupo Financiero Galicia from an outperform rating to a neutral rating in a research note on Tuesday, May 20th. They now have a $14.90 price target on the stock. Separately, analysts at RBC Capital upgraded shares of Grupo Financiero Galicia to a sector perform rating in a research note on Thursday, May 1st.
Grupo Financiero Galicia SA (NASDAQ:GGAL) is a financial services holding company.
To view JPMorgan Chase Co.’s full report, visit JPMorgan Chase Co.’s official website.
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