Grupo Financiero Galicia (NASDAQ:GGAL) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued to investors on Tuesday. The firm currently has a $16.90 price objective on the stock. Zacks‘s target price would indicate a potential upside of 9.60% from the company’s current price.

Shares of Grupo Financiero Galicia (NASDAQ:GGAL) traded up 2.98% on Tuesday, hitting $15.88. The stock had a trading volume of 322,932 shares. Grupo Financiero Galicia has a one year low of $4.96 and a one year high of $15.65. The stock has a 50-day moving average of $13.88 and a 200-day moving average of $11.65. The company has a market cap of $2.065 billion and a P/E ratio of 6.80.

Grupo Financiero Galicia (NASDAQ:GGAL) last announced its earnings results 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 $2.21 EPS for the current fiscal year.

GGAL has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase Co. downgraded shares of Grupo Financiero Galicia to an “underweight” rating in a research note on Wednesday, June 11th. 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 Zacks’ full report, visit Zacks’ official website.

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