Aug
18
Zacks downgraded shares of Grupo Financiero Galicia (NASDAQ:GGAL) from an outperform rating to a neutral rating in a research report released on Monday. They currently have $16.70 target price on the stock.
Zacks has also modified their ratings on a number of other financials stocks in the few days. The firm downgraded shares of Teekay Offshore Partners L.P. from a neutral rating to an underperform rating. Their analysts now have a $33.50 price target on that stock. Also, Zacks upgraded shares of TransMontaigne Partners L.P. from an underperform rating to a neutral rating. Zacks now has a $44.00 price target on that stock. Finally, Zacks reiterated its neutral rating on shares of Sun Life Financial Inc.. They have a $39.00 price target on that stock.
Separately, analysts at JPMorgan Chase Co. downgraded shares of Grupo Financiero Galicia to an underweight rating in a research note on Wednesday, June 11th.
Shares of Grupo Financiero Galicia (NASDAQ:GGAL) traded up 2.55% on Monday, hitting $13.25. 346,792 shares of the company’s stock traded hands. Grupo Financiero Galicia has a 52 week low of $6.43 and a 52 week high of $18.50. The stock has a 50-day moving average of $15.25 and a 200-day moving average of $12.73. The company has a market cap of $1.723 billion and a price-to-earnings ratio of 5.14.
Grupo Financiero Galicia (NASDAQ:GGAL) last posted its quarterly earnings results on Tuesday, May 20th. The company reported $0.79 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.58 by $0.21. Analysts expect that Grupo Financiero Galicia will post $2.36 EPS for the current fiscal year.
Grupo Financiero Galicia SA (NASDAQ:GGAL) is a financial services holding company.
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