Why You Need to Pay Attention to Grupo Financiero (GGAL) Stock?

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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GRUPO FINAN GALICIA SA ADS (GGAL): Free Stock Analysis Report


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