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

Avianca Holdings SA (NYSE:AVH) has been given a consensus recommendation of “Hold” by the eight research firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $11.00.

Several analysts have issued reports on the company. ValuEngine lowered Avianca from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. 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. Avian Securities raised Avianca to a “buy” rating and boosted their price target for the company from $8.00 to $11.00 in a report on Thursday, November 16th. Finally, Deutsche Bank raised Avianca from a “hold” rating to a “buy” rating and boosted their price target for the company from $8.00 to $11.00 in a report on Thursday, November 16th.

Several institutional investors have recently made changes to their positions in AVH. Smith Asset Management Group LP lifted its position in shares of Avianca by 129.6% in the fourth quarter. Smith Asset Management Group LP now owns 28,560 shares of the transportation company’s stock valued at $226,000 after acquiring an additional 16,120 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Avianca by 23.7% in the second quarter. JPMorgan Chase & Co. now owns 88,810 shares of the transportation company’s stock valued at $577,000 after acquiring an additional 17,008 shares in the last quarter. OxFORD Asset Management LLP lifted its position in shares of Avianca by 21.9% in the second quarter. OxFORD Asset Management LLP now owns 93,295 shares of the transportation company’s stock valued at $606,000 after acquiring an additional 16,772 shares in the last quarter. Donald Smith & CO. Inc. purchased a new position in shares of Avianca in the fourth quarter valued at about $1,635,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Avianca by 10.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 310,382 shares of the transportation company’s stock valued at $2,017,000 after acquiring an additional 30,039 shares in the last quarter. Institutional investors and hedge funds own 4.18% of the company’s stock.

Shares of Avianca (NYSE AVH) traded down $0.05 on Wednesday, hitting $8.45. The company had a trading volume of 533,451 shares, compared to its average volume of 117,569. 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 has a one year low of $6.37 and a one year high of $8.85. The company has a market capitalization of $669.89, a price-to-earnings ratio of 10.97 and a beta of 0.84.

Avianca (NYSE:AVH) last released its quarterly earnings results on Tuesday, November 14th. The transportation company reported $0.31 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.31. Avianca had a return on equity of 11.94% and a net margin of 2.12%. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.16 billion. research analysts anticipate that Avianca will post 0.84 earnings per share for the current fiscal year.

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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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