Zacks cut shares of Grupo Financiero Galicia (NASDAQ:GGAL) from an outperform rating to a neutral rating in a research note issued to investors on Monday. The firm currently has $16.70 price target on the stock.

Zacks has also taken action a number of other financials stocks recently. The firm downgraded shares of WidePoint Co. from a neutral rating to an underperform rating. Their analysts now have a $1.50 price target on that stock. Also, Zacks reiterated its neutral rating on shares of Harmony Gold Mining Co. (ADR). They have a $3.25 price target on that stock. Finally, Zacks reiterated its neutral rating on shares of Fomento Economico Mexicano. They have a $100.00 price target on that stock.

Grupo Financiero Galicia (NASDAQ:GGAL) opened at 12.98 on Monday. Grupo Financiero Galicia has a 1-year low of $6.43 and a 1-year high of $18.50. The stock has a 50-day moving average of $15.16 and a 200-day moving average of $12.86. The company has a market cap of $1.688 billion and a P/E ratio of 5.16.

Grupo Financiero Galicia (NASDAQ:GGAL) last released its earnings data on Tuesday, August 19th. The company reported $0.66 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.52 by $0.14. Analysts expect that Grupo Financiero Galicia will post $2.36 EPS for the current fiscal year.

Separately, analysts at JPMorgan Chase Co. downgraded shares of Grupo Financiero Galicia to an underweight rating in a research note on Wednesday, June 11th.

Grupo Financiero Galicia SA (NASDAQ:GGAL) is a financial services holding company.

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