Zacks Upgrades Grupo Financiero Galicia to Outperform (GGAL)
Grupo Financiero Galicia (NASDAQ:GGAL) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued to investors on Tuesday. The firm currently has a $16.90 price objective on the stock. Zacks‘s price target would indicate a potential upside of 9.60% from the stock’s previous close.
Shares of Grupo Financiero Galicia (NASDAQ:GGAL) traded up 1.88% during mid-day trading on Tuesday, hitting $15.71. 435,599 shares of the company’s stock traded hands. Grupo Financiero Galicia has a one year low of $4.96 and a one year high of $15.65. The stock’s 50-day moving average is $13.88 and its 200-day moving average is $11.65. The company has a market cap of $2.043 billion and a P/E ratio of 6.80.
Grupo Financiero Galicia (NASDAQ:GGAL) last posted its quarterly earnings results on Tuesday, May 20th. The company reported $0.79 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.58 by $0.21. Analysts expect that Grupo Financiero Galicia will post $2.21 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. downgraded shares of Grupo Financiero Galicia to an “underweight” rating in a research note on Wednesday, June 11th. Analysts at RBC Capital upgraded shares of Grupo Financiero Galicia to a “sector perform” rating in a research note on Thursday, May 1st.
Grupo Financiero Galicia SA (NASDAQ:GGAL) is a financial services holding company.
To view Zacks’ full report, visit Zacks’ official website.
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