Why You Need to Pay Attention to Grupo Financiero (GGAL) Stock? - Tale of the Tape
19 Décembre 2013 - 12:58PM
Zacks
One company that should be on your
radar is Grupo Financiero Galicia S.A. (GGAL). The
stock of this Argentina-based financial services holding company
has seen its Zacks Rank surge over the past four weeks, moving from
Hold territory to its current position as a Strong Buy.
A key reason for this move has been the positive trend in the
earnings estimate revisions picture. For GGAL’s full year estimate,
we have seen 1 estimate go higher in the past 30 days. However, the
stock underwent no downward estimate revision during the same time
period. This trend has helped the consensus estimate to trend
higher, going from $2.11 a share a month ago to its current level
at $2.37.
This positive shift in estimates has made some investors take
notice and buy the stock. In fact, GGAL has seen some pretty solid
trading lately, as the company has moved higher by 23.3% in the
past month.
If Grupo Financiero can keep up this great momentum on the earnings
estimate front and continue to impress analysts, we could see more
gains ahead for this company, suggesting that you might want to put
GGAL on your watch list for the future.
Other top-ranked stocks worth considering in this space include
Australia & New Zealand Banking Group Limited
(ANZBY), United Overseas Bank Limited (UOVEY) and
DBS Group Holding Limited (DBSDY). All these carry
a Zacks Rank #1 (Strong Buy).
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Zacks Investment Research
Grupo Financiero Galicia (NASDAQ:GGAL)
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