Grupo Financiero Galicia S.A. (NASDAQ:GGAL) shares have been given a 2.25 rating by analysts surveyed by Zacks Investment Research. Sell-side firms often use different terminology for their ratings so this scale provides a simple consensus number. The ratings are calculated on a 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell. When analysts were polled three months ago, the stock had an average rating of 2.25.
Sell-Side brokerage firms have a price target of $40 on shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL). This is based on analysts one year projections on the stock. The most bearish analyst outlook has a price target of $40, while the most aggressive firm sees the stock reaching $40 within the year.
Earnings Glance
Investors will be marking 2015-11-04 on their calendars as this is when Grupo Financiero Galicia S.A. is slated to next issue their quarterly earnings. Analysts surveyed by Zacks are anticipating earnings of $0.62 per share for the period closing on 2015-09-30. This is the Zacks consensus number based on 1 Wall Street analysts covering the equity. Looking ahead longer term, the Sell-Siders have tagged the stock with expected earnings of $N/A. This is the best estimate for both sales and earnings over the next 3-5 years, as calculated by Zacks.
For the most recent quarter, Grupo Financiero Galicia S.A. announced earnings per share of $0.82 for the fiscal period ending on 2015-06-30. The actual number was $0.11 away from what analysts had expected, or a 15.49% surprise factor.
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.