Alert: Positive Investment/Fundamental Signals (10/18/24)-Bancolombia SA Bancolombia, Colo (NYSE: CIB)

out_logo_500#27853.jpg

Bancolombia SA Bancolombia, Colo (NYSE: CIB). Extremely significant positive changes in investment behavior have recently occurred: its shorter term price trend turned up, and the stock’s recent price rise disrupted its longer term downtrend.

Significant positive changes in Bancolombia SA Bancolombia, Colo (NYSE: CIB) fundamentals have recently occurred: the consensus estimate for December, 2025 increased significantly, and the consensus estimate for December, 2024 increased significantly.

In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.

out_mm#27853.jpg

Current PriceTarget Research Rating

With future capital returns forecasted to exceed the cost of capital, CIB is expected to continue to be a modest Value Builder.

Bancolombia SA Bancolombia, Colo has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Bancolombia SA Bancolombia, Colo has a neutral Power Rating of 53 but a very high Appreciation Score of 98, triggering the Highest Value Trend Rating.

Recent Price Action

Bancolombia SA Bancolombia, Colo (NYSE: CIB) stock closed at $33.14 on 10/18/24 after a large increase of 3.2%. Moreover, trading volume in this advance was unusually high at 151% of normal. The stock has risen 4.1% during the last week and has performed in line with the market over the last nine months.

Be the first to comment

Leave a Reply

Your email address will not be published.


*