Deutsche Bank AG Downgrades Avianca Holdings SA (AVH) to Hold
Avianca Holdings SA (NYSE:AVH) was downgraded by equities researchers at Deutsche Bank AG from a “buy” rating to a “hold” rating in a report issued on Thursday. They presently have a $8.00 price target on the transportation company’s stock, down from their prior price target of $10.00. Deutsche Bank AG’s price objective would indicate a potential upside of 11.42% from the stock’s current price.
A number of other brokerages have also commented on AVH. Zacks Investment Research raised Avianca Holdings SA from a “hold” rating to a “strong-buy” rating and set a $9.75 price objective for the company in a report on Tuesday, January 24th. Avian Securities upped their target price on Avianca Holdings SA from $8.00 to $10.00 and gave the company a “hold” rating in a report on Thursday. One analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $9.25.
Avianca Holdings SA (NYSE:AVH) traded down 3.10% on Thursday, hitting $7.18. The company had a trading volume of 54,356 shares. The company has a market capitalization of $894.79 million, a P/E ratio of 52.79 and a beta of 0.95. The stock’s 50-day moving average price is $7.52 and its 200 day moving average price is $7.81. Avianca Holdings SA has a one year low of $5.01 and a one year high of $10.91.
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Institutional investors have recently added to or reduced their stakes in the stock. Pacific Alternative Asset Management Company LLC acquired a new position in Avianca Holdings SA during the third quarter valued at about $8,055,000. James Investment Research Inc. raised its position in Avianca Holdings SA by 62.4% in the first quarter. James Investment Research Inc. now owns 350,918 shares of the transportation company’s stock valued at $2,706,000 after buying an additional 134,778 shares in the last quarter. Renaissance Technologies LLC raised its position in Avianca Holdings SA by 90.6% in the fourth quarter. Renaissance Technologies LLC now owns 306,900 shares of the transportation company’s stock valued at $2,959,000 after buying an additional 145,900 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. acquired a new position in Avianca Holdings SA during the fourth quarter valued at about $2,040,000. Finally, Two Sigma Investments LP raised its position in Avianca Holdings SA by 1,271.6% in the fourth quarter. Two Sigma Investments LP now owns 196,297 shares of the transportation company’s stock valued at $1,892,000 after buying an additional 181,985 shares in the last quarter. 4.66% of the stock is owned by institutional investors.
About Avianca Holdings SA
Avianca Holdings SA is a Panama-based company engaged, through its subsidiaries, in the provision of air transportation services for passengers and commercial purposes. The Company was originally established as a strategic alliance between Aerovias del Continente Americano SA (AVIANCA) and Grupo TACA Holdings Limited (GTH), and it mainly operates in North, Central and South America, the Caribbean and Europe.
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