Avianca Holdings SA (AVH) Receives Average Rating of “Hold” from Analysts

Shares of Avianca Holdings SA (NYSE:AVH) have earned a consensus rating of “Hold” from the eight analysts that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $11.00.

A number of brokerages recently issued reports on AVH. Avian Securities raised Avianca to a “buy” rating and increased their price target for the stock from $8.00 to $11.00 in a research report on Thursday, November 16th. Deutsche Bank raised Avianca from a “hold” rating to a “buy” rating and raised their target price for the company from $8.00 to $11.00 in a report on Thursday, November 16th. Zacks Investment Research raised Avianca from a “strong sell” rating to a “hold” rating in a report on Monday, January 15th. TheStreet raised Avianca from a “d+” rating to a “c” rating in a report on Tuesday, December 5th. Finally, ValuEngine raised Avianca from a “buy” rating to a “strong-buy” rating in a report on Friday, December 1st.

Shares of Avianca (NYSE AVH) traded down $0.14 during trading hours on Friday, reaching $8.06. The company had a trading volume of 98,536 shares, compared to its average volume of 70,800. The firm has a market capitalization of $344.31, a P/E ratio of 17.91 and a beta of 0.87. Avianca has a 1-year low of $6.37 and a 1-year high of $9.47. The company has a quick ratio of 0.60, a current ratio of 0.65 and a debt-to-equity ratio of 3.63.

Avianca (NYSE:AVH) last issued its quarterly earnings results on Tuesday, November 14th. The transportation company reported $0.31 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.31. Avianca had a return on equity of 11.94% and a net margin of 2.12%. sell-side analysts predict that Avianca will post 0.84 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of the business. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Avianca by 10.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 310,382 shares of the transportation company’s stock valued at $2,017,000 after purchasing an additional 30,039 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Avianca by 18.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 104,985 shares of the transportation company’s stock valued at $814,000 after purchasing an additional 16,175 shares in the last quarter. Finally, OxFORD Asset Management LLP boosted its holdings in shares of Avianca by 11.9% in the 3rd quarter. OxFORD Asset Management LLP now owns 104,428 shares of the transportation company’s stock valued at $809,000 after purchasing an additional 11,133 shares in the last quarter. 4.20% of the stock is currently owned by hedge funds and other institutional investors.

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About Avianca

Avianca Holdings SA is a Panama-based company engaged, through its subsidiaries, in the provision of air transportation services for passengers and commercial purposes. The Company was originally established as a strategic alliance between Aerovias del Continente Americano SA (AVIANCA) and Grupo TACA Holdings Limited (GTH), and it mainly operates in North, Central and South America, the Caribbean and Europe.

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