Bancolombia SA (CIB) Announces Quarterly Earnings, Beats Estimates By $0.11 EPS
Bancolombia SA (NYSE:CIB) released its earnings data on Tuesday. The company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.11, Stock Ratings News reports.
A number of research firms have recently commented on CIB. Analysts at Zacks upgraded shares of Bancolombia SA from an “underperform” rating to a “neutral” rating in a research note on Tuesday, May 13th. They now have a $58.10 price target on the stock. On a related note, analysts at TheStreet downgraded shares of Bancolombia SA from a “buy” rating to a “hold” rating in a research note on Monday, May 12th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $60.37.
Bancolombia SA (NYSE:CIB) opened at 54.29 on Tuesday. Bancolombia SA has a one year low of $42.77 and a one year high of $64.06. The stock’s 50-day moving average is $56.34 and its 200-day moving average is $51.36. The company has a market cap of $11.893 billion and a price-to-earnings ratio of 15.05.
Bancolombia SA is a Colombia-based financial institution primarily engaged, together with its subsidiaries, in the banking sector.
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