Alert: Positive Investment/Fundamental Signals (11/6/23)-Bancolombia SA Bancolombia, Colo (NYSE: CIB)


Recent important positive changes in fundamentals have benefitted Bancolombia SA Bancolombia, Colo (NYSE: CIB): the stock’s power rating rose above 70, significant quarterly sales acceleration occurred, and significant quarterly earnings acceleration occurred.

Important positive changes in Bancolombia SA Bancolombia, Colo (NYSE: CIB) investment behavior have recently occurred: 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

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

Bancolombia SA Bancolombia, Colo has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Bancolombia SA Bancolombia, Colo has a good Power Rating of 74 and a very high Appreciation Score of 94, and the Highest Value Trend Rating results.

Recent Price Action

Bancolombia SA Bancolombia, Colo (NYSE: CIB) stock declined modestly by -0.6% on 11/6/23. The stock closed at $26.97. The stock has been strong relative to the market over the last nine months and has risen 5.7% during the last week.

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