- Bancolombia S.A. (CIB, Financial) posts a 4.5% increase in net income for Q1, reaching COP 1.7 trillion.
- Wall Street analysts predict an average price target of $37.70, indicating a potential downside for the stock.
- GuruFocus projects a 41.09% downside based on the GF Value estimate for BanColombia SA.
Bancolombia S.A. (CIB) has reported promising financial results, announcing a net income of COP 1.7 trillion for the first quarter. This marks a notable 4.5% increase from the previous quarter. The bank achieved an impressive quarterly annualized return on equity of 16.3%, maintaining a solid 15.6% return over the past year.
Wall Street Analysts Forecast
According to predictions from 9 analysts, the average one-year price target for BanColombia SA (CIB, Financial) stands at $37.70. Analysts project a range with a high estimate of $53.00 and a low estimate of $28.60. This average target implies a potential downside of 6.84% from the current trading price of $40.47. More in-depth forecast data is accessible on the BanColombia SA (CIB) Forecast page.
The consensus from 9 brokerage firms suggests a "Hold" status for BanColombia SA (CIB, Financial), with an average brokerage recommendation rating of 3.0. This rating operates on a scale from 1 to 5, where 1 indicates a Strong Buy and 5 suggests a Sell.
GuruFocus provides an estimated GF Value for BanColombia SA (CIB, Financial) of $23.84 within the next year. This estimate hints at a considerable downside of 41.09% compared to the current price of $40.47. The GF Value represents GuruFocus' fair value estimate, calculated using historical stock multiples, past business growth, and future business performance projections. Additional details are available on the BanColombia SA (CIB) Summary page.
