Jul
16
Wall Street analysts have placed a target price of $40 for Grupo Financiero Galicia S.A. (NASDAQ:GGAL). This number is based on the mean consensus estimate from the 1 research firms that recently issued reports on the stock.
The average broker recommendation is arithmetical average of the individual ratings contributed by sell-side analysts to produce a Consensus Analyst Rating for each stock. On a scale of 1 to 5 where 1 is a Strong Buy and 5 is a Strong Sell, has the stock ranked 2.33 based on 1 broker recommendations. Of the 1 analysts who have issued estimates, the most bullish sees the stock reaching $40 within the next 12 months while the most conservative sees the stock at $40 within the year.
According to analysts, Grupo Financiero Galicia S.A. (NASDAQ:GGAL) is expected to report earnings per share for the current fiscal quarter of $0.7. This is the consensus mean estimate based on the individual covering sell-side analysts’ reported numbers. The company last reported earnings for the period ending on 2015-03-31 of $0.85. The reported number was 0.07 away from the consensus estimate, or a surprise factor of 8.97 .
In looking at the long term growth prospects of the company, sell-side analysts have a consensus mean earnings per share estimate for the current year of $N/A. The high end estimate for this time frame is $N/A with the low being $N/A.
Grupo Financiero Galicia S.A. (Grupo Financiero Galicia) is a financial services holding company. Banco de Galicia y Buenos Aires S.A. (Banco Galicia) is the Company’s largest subsidiary. Banco Galicia is a bank that provides, directly or through its subsidiaries, a range of financial products and services to large corporations, small and medium sized companies (SMEs), and individuals. Through the operating subsidiaries of Tarjetas Regionales S.A., a holding company wholly owned by the Bank, the Company provides brand credit cards and consumer finance services throughout Argentina. Through Sudamericana Holding S.A. and its subsidiaries (Sudamericana) it provides insurance products in Argentina. It provides financial services through a distribution platform amongst private-sector financial institutions in Argentina. In November 2013, the Company announced the merger by incorporation of Lagarcue SA and Theseus SA into the Company with all their assets and liabilities.
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