ValuEngine Downgrades Avianca (NYSE:AVH) to Hold

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ValuEngine downgraded shares of Avianca (NYSE:AVH) from a buy rating to a hold rating in a research report sent to investors on Thursday morning, ValuEngine reports.

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

NYSE:AVH opened at $3.92 on Thursday. The stock has a 50-day simple moving average of $3.95. The stock has a market cap of $323.79 million, a P/E ratio of 4.31 and a beta of 0.92. 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 has a 1-year low of $2.88 and a 1-year high of $6.33.

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

Large investors have recently added to or reduced their stakes in the company. Two Sigma Advisers LP purchased a new stake in shares of Avianca in the 4th quarter worth about $56,000. Donald Smith & CO. Inc. grew its position in Avianca by 11.4% during the 1st quarter. Donald Smith & CO. Inc. now owns 2,832,272 shares of the transportation company’s stock valued at $11,612,000 after purchasing an additional 289,967 shares during the last quarter. D. E. Shaw & Co. Inc. grew its position in Avianca by 231.6% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 35,313 shares of the transportation company’s stock valued at $143,000 after purchasing an additional 24,664 shares during the last quarter. River & Mercantile Asset Management LLP grew its position in Avianca by 8.3% during the 1st quarter. River & Mercantile Asset Management LLP now owns 438,300 shares of the transportation company’s stock valued at $1,795,000 after purchasing an additional 33,700 shares during the last quarter. Finally, Two Sigma Investments LP purchased a new stake in Avianca during the 4th quarter valued at about $63,000. 5.90% of the stock is currently owned by hedge funds and other institutional investors.

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.

See Also: Liquidity

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

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