Avianca (AVH) Lowered to Sell at ValuEngine

ValuEngine cut shares of Avianca (NYSE:AVH) from a hold rating to a sell rating in a research note issued to investors on Monday, April 15th, ValuEngine reports.

Separately, Zacks Investment Research raised shares of Avianca from a hold rating to a strong-buy rating and set a $5.25 price target for the company in a research note on Tuesday, February 5th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a strong buy rating to the stock. The company has an average rating of Hold and a consensus target price of $5.88.

NYSE:AVH traded down $0.03 during midday trading on Monday, hitting $3.70. The company had a trading volume of 2,800 shares, compared to its average volume of 80,614. The company has a debt-to-equity ratio of 7.03, a quick ratio of 0.47 and a current ratio of 0.51. Avianca has a 52-week low of $3.61 and a 52-week high of $8.18. The firm has a market capitalization of $305.62 million, a PE ratio of 4.07 and a beta of 0.96.

Avianca (NYSE:AVH) last posted its quarterly earnings results on Friday, February 22nd. The transportation company reported $0.37 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.37. Avianca had a negative net margin of 0.31% and a positive return on equity of 8.39%. The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.32 billion. On average, sell-side analysts forecast that Avianca will post 0.87 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of the company. Two Sigma Advisers LP purchased a new stake in Avianca in the fourth quarter worth approximately $56,000. Two Sigma Investments LP bought a new position in Avianca in the fourth quarter worth approximately $63,000. D. E. Shaw & Co. Inc. raised its position in shares of 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 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 valued at $7,888,000 after purchasing an additional 71,294 shares during the period. Finally, RWC Asset Advisors US LLC bought a new stake in shares of Avianca during the 4th quarter valued at $1,509,000. Hedge funds and other institutional investors own 5.69% 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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