Avianca Holdings SA (AVH) Receives $10.33 Consensus Target Price from Brokerages

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Shares of Avianca Holdings SA (NYSE:AVH) have been assigned a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $10.33.

Several brokerages recently weighed in on AVH. Zacks Investment Research upgraded Avianca from a “hold” rating to a “buy” rating and set a $9.75 price objective for the company in a research report on Tuesday, March 6th. ValuEngine downgraded Avianca from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd.

Hedge funds have recently made changes to their positions in the stock. Segall Bryant & Hamill LLC bought a new stake in shares of Avianca during the 1st quarter worth $100,000. ClariVest Asset Management LLC bought a new stake in shares of Avianca during the 1st quarter worth $114,000. Smith Asset Management Group LP lifted its position in shares of Avianca by 129.6% during the 4th quarter. Smith Asset Management Group LP now owns 28,560 shares of the transportation company’s stock worth $226,000 after buying an additional 16,120 shares during the last quarter. Allianz Asset Management GmbH bought a new stake in shares of Avianca during the 1st quarter worth $252,000. Finally, State of Wisconsin Investment Board lifted its position in shares of Avianca by 22.7% during the 1st quarter. State of Wisconsin Investment Board now owns 90,336 shares of the transportation company’s stock worth $765,000 after buying an additional 16,713 shares during the last quarter. Institutional investors and hedge funds own 3.26% of the company’s stock.

NYSE:AVH opened at $7.00 on Tuesday. The firm has a market cap of $581.50 million, a PE ratio of 17.50 and a beta of 0.66. The company has a quick ratio of 0.56, a current ratio of 0.61 and a debt-to-equity ratio of 6.02. Avianca has a fifty-two week low of $6.40 and a fifty-two week high of $9.76.

Avianca (NYSE:AVH) last released its earnings results on Thursday, May 10th. The transportation company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.19. Avianca had a return on equity of 11.94% and a net margin of 2.12%. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.17 billion. research analysts expect that Avianca will post 0.68 earnings per share for the current year.

About Avianca

Avianca Holdings SA, through its subsidiaries, provides air transportation services in North America, Central America, the Caribbean, Colombia, South America, and internationally. It offers passenger and cargo air transportation services; and aircraft maintenance, crew training, and other airport services to other carriers, as well as travel-related services to its customers.

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