ValuEngine Downgrades Avianca (NYSE:AVH) to Hold

ValuEngine cut shares of Avianca (NYSE:AVH) from a buy rating to a hold rating in a research note published on Thursday morning, ValuEngine reports.

Separately, Zacks Investment Research upgraded shares of Avianca from a sell rating to a buy rating and set a $4.50 target price on the stock in a research note on Tuesday, July 30th.

Shares of NYSE:AVH opened at $3.92 on Thursday. Avianca has a twelve month low of $2.88 and a twelve month high of $6.33. The company has a market cap of $323.79 million, a PE ratio of 4.31 and a beta of 0.92. The business has a 50 day simple moving average of $3.95. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 11.26.

Avianca (NYSE:AVH) last released its earnings results on Thursday, May 16th. The transportation company reported ($0.52) EPS for the quarter, topping analysts’ consensus estimates of ($0.54) by $0.02. Avianca had a negative net margin of 1.79% and a negative return on equity of 10.46%. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Equities analysts forecast that Avianca will post -0.25 earnings per share for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Two Sigma Advisers LP bought a new stake in shares of Avianca during the fourth quarter valued at approximately $56,000. Donald Smith & CO. Inc. raised its position in shares of Avianca by 11.4% during the first quarter. Donald Smith & CO. Inc. now owns 2,832,272 shares of the transportation company’s stock valued at $11,612,000 after buying an additional 289,967 shares during the last quarter. D. E. Shaw & Co. Inc. raised its position in shares of Avianca by 231.6% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 35,313 shares of the transportation company’s stock valued at $143,000 after buying an additional 24,664 shares during the last quarter. River & Mercantile Asset Management LLP raised its position in shares of Avianca by 8.3% during the first quarter. River & Mercantile Asset Management LLP now owns 438,300 shares of the transportation company’s stock valued at $1,795,000 after buying an additional 33,700 shares during the last quarter. Finally, Two Sigma Investments LP bought a new stake in shares of Avianca during the fourth quarter valued at approximately $63,000. Institutional investors own 5.90% 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.

Further Reading: Cost of equity and a company’s balance sheet

To view ValuEngine’s full report, visit ValuEngine’s official website.

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