After Today’s Huge Decline, Is Grupo Financiero Galicia S.A. (GGAL)’s Near-Term Analysis Negative?

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Logo

The stock of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) is a huge mover today! The stock decreased 4.92% or $0.58 during the last trading session, reaching $11.2. About 1.48M shares traded. Grupo Financiero Galicia S.A. (NASDAQ:GGAL) has risen 2.37% since September 13, 2018 and is uptrending. It has outperformed by 2.37% the S&P500.
The move comes after 6 months negative chart setup for the $1.91B company. It was reported on Sep, 13 by We have $10.64 PT which if reached, will make NASDAQ:GGAL worth $95.45 million less.

Analysts await Grupo Financiero Galicia S.A. (NASDAQ:GGAL) to report earnings on November, 27. They expect $1.02 earnings per share, up 7.37 % or $0.07 from last year’s $0.95 per share. GGAL’s profit will be $173.86 million for 2.75 P/E if the $1.02 EPS becomes a reality. After $1.85 actual earnings per share reported by Grupo Financiero Galicia S.A. for the previous quarter, Wall Street now forecasts -44.86 % negative EPS growth.

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Ratings Coverage

Among 3 analysts covering Grupo Financiero Galicia S.A. – American Depositary Shares (NASDAQ:GGAL), 0 have Buy rating, 1 Sell and 2 Hold. Therefore 0 are positive. Grupo Financiero Galicia S.A. – American Depositary Shares has $2800 highest and $2000 lowest target. $24.25’s average target is 116.52% above currents $11.2 stock price. Grupo Financiero Galicia S.A. – American Depositary Shares had 6 analyst reports since April 29, 2019 according to SRatingsIntel. Credit Suisse downgraded Grupo Financiero Galicia S.A. (NASDAQ:GGAL) rating on Tuesday, August 13. Credit Suisse has “Neutral” rating and $2200 target. JP Morgan upgraded Grupo Financiero Galicia S.A. (NASDAQ:GGAL) rating on Wednesday, August 14. JP Morgan has “Neutral” rating and $2000 target.

More notable recent Grupo Financiero Galicia S.A. (NASDAQ:GGAL) news were published by: which released: “Is Grupo Galicia (GGAL) a Great Pick for Value Investors? – Yahoo Finance” on May 20, 2019, also with their article: “Is Flowers Foods, Inc. (FLO) A Good Stock To Buy? – Yahoo Finance” published on April 26, 2019, published: “Argentina’s stocks among premarket losers after Macri’s defeat in primary vote – Seeking Alpha” on August 12, 2019. More interesting news about Grupo Financiero Galicia S.A. (NASDAQ:GGAL) were released by: and their article: “65 Biggest Movers From Friday – Benzinga” published on September 03, 2019 as well as‘s news article titled: “Benzinga’s Top Upgrades, Downgrades For August 14, 2019 – Benzinga” with publication date: August 14, 2019.

Grupo Financiero Galicia S.A., a financial services holding company, provides various financial services and products in Argentina. The company has market cap of $1.91 billion. The firm operates through Banking, Regional Credit Cards, CFA Personal Loans, Insurance, and Other Grupo Galicia Businesses divisions. It currently has negative earnings. It offers corporate banking services to companies, and the agricultural and livestock sector; foreign trade transactions; corporate debt and securitization transactions; and e-banking services.

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