Bancolombia SA Bancolombia, Colo (NYSE: CIB) has benefited from meaningful positive changes in fundamentals: significant quarterly sales acceleration occurred, the consensus estimate for December, 2024 increased significantly, and significant quarterly earnings acceleration occurred.
Bancolombia SA Bancolombia, Colo (NYSE: CIB) has benefited from notable positive changes in investment behavior: the stock’s recent price rise disrupted its longer term downtrend.
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.
Current PriceTarget Research Rating
CIB’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a 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 highly consistent signals. Bancolombia SA Bancolombia, Colo has a very high Power Rating of 88 and a very high Appreciation Score of 93, producing the Highest Value Trend Rating.
Recent Price Action
Bancolombia SA Bancolombia, Colo (NYSE: CIB) stock closed at $32.54 on 2/28/24 after a slight decline of -0.2%. However, trading volume in this decline was unusually low at 62% of normal. The stock has risen 3.5% during the last week and has been strong relative to the market over the last nine months.
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