Zacks Investment Research upgraded shares of Avianca (NYSE:AVH) from a hold rating to a strong-buy rating in a research note released on Tuesday. Zacks Investment Research currently has $5.25 price target on the transportation company’s stock.
According to Zacks, “Avianca Holdings, S.A. owns and operates airlines. It offers passenger air transportation services and cargo air transportation services. The company provides its services in the domestic markets of Colombia, Ecuador, and Peru, as well as for international routes, such as North America, Central and South America, Europe, and the Caribbean. Avianca Holdings, S.A. is based in Panama. “
A number of other research firms also recently weighed in on AVH. JPMorgan Chase & Co. downgraded Avianca from an overweight rating to a neutral rating and decreased their price target for the company from $8.00 to $6.50 in a research note on Friday, November 23rd. Bank of America lowered Avianca from a neutral rating to an underperform rating in a research note on Monday, October 29th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $6.92.
AVH stock traded up $0.16 during mid-day trading on Tuesday, reaching $4.91. The company had a trading volume of 7,835 shares, compared to its average volume of 30,465. The company has a debt-to-equity ratio of 6.44, a current ratio of 0.58 and a quick ratio of 0.53. The firm has a market capitalization of $392.35 million, a P/E ratio of 12.28 and a beta of 1.03. Avianca has a fifty-two week low of $3.61 and a fifty-two week high of $9.76.
Avianca (NYSE:AVH) last released its quarterly earnings results on Wednesday, November 14th. The transportation company reported $0.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.16. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.25 billion. On average, analysts expect that Avianca will post 0.28 EPS for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the business. River & Mercantile Asset Management LLP raised its position in shares of Avianca by 64.3% during the 3rd quarter. River & Mercantile Asset Management LLP now owns 404,600 shares of the transportation company’s stock worth $2,276,000 after purchasing an additional 158,400 shares during the period. Renaissance Technologies LLC raised its position in shares of Avianca by 5.4% during the 3rd quarter. Renaissance Technologies LLC now owns 1,403,510 shares of the transportation company’s stock worth $7,888,000 after purchasing an additional 71,294 shares during the period. Finally, Donald Smith & CO. Inc. raised its position in shares of Avianca by 52.8% during the 3rd quarter. Donald Smith & CO. Inc. now owns 2,071,149 shares of the transportation company’s stock worth $11,640,000 after purchasing an additional 715,377 shares during the period. Hedge funds and other institutional investors own 5.73% of the company’s stock.
Avianca Company Profile
Avianca Holdings SA, through its subsidiaries, provides passenger and cargo air transportation services in North America, Central America, the Caribbean, Colombia, Europe, South America, and internationally. It also offers aircraft maintenance, crew training, and other airport services to other carriers, as well as travel and cargo related services to its customers.
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