Trade-Ideas LLC identified Grupo Financiero Galicia ( GGAL) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Grupo Financiero Galicia as such a stock due to the following factors:

  • GGAL has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $12.7 million.
  • GGAL has traded 12,439 shares today.
  • GGAL is trading at a new lifetime high.

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More details on GGAL:

Grupo Financiero Galicia S.A. operates as a financial services holding company in Argentina. The company operates through Banking, Regional Credit Cards, CFA Personal Loans, and Insurance segments. The stock currently has a dividend yield of 0.1%. GGAL has a PE ratio of 14. Currently there are 2 analysts that rate Grupo Financiero Galicia a buy, no analysts rate it a sell, and 2 rate it a hold.

The average volume for Grupo Financiero Galicia has been 341,300 shares per day over the past 30 days. Grupo Financiero Galicia has a market cap of $3.8 billion and is part of the financial sector and banking industry. Shares are up 9.8% year-to-date as of the close of trading on Thursday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Grupo Financiero Galicia as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance and notable return on equity. We feel its strengths outweigh the fact that the company has had sub par growth in net income.

Highlights from the ratings report include:
  • Compared to its closing price of one year ago, GGAL's share price has jumped by 38.29%, exceeding the performance of the broader market during that same time frame. Regarding the stock's future course, although almost any stock can fall in a broad market decline, GGAL should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
  • GRUPO FINANCIERO GALICIA SA has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. The company has suffered a declining pattern of earnings per share over the past year. However, we anticipate this trend reversing over the coming year. During the past fiscal year, GRUPO FINANCIERO GALICIA SA reported lower earnings of $2.56 versus $3.02 in the prior year. This year, the market expects an improvement in earnings ($2.94 versus $2.56).
  • The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. Compared to other companies in the Commercial Banks industry and the overall market, GRUPO FINANCIERO GALICIA SA's return on equity significantly exceeds that of both the industry average and the S&P 500.
  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Commercial Banks industry. The net income has significantly decreased by 94.7% when compared to the same quarter one year ago, falling from $99.93 million to $5.26 million.

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