Brokerages Set Santander Mexico Fincl Gp SAB deCV (BSMX) Target Price at $10.60

Santander Mexico Fincl Gp SAB deCV (NYSE:BSMX) has been given a consensus rating of “Hold” by the nine research firms that are covering the company, Marketbeat reports. Three analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $10.60.

BSMX has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Santander Mexico Fincl Gp SAB deCV from a “hold” rating to a “buy” rating and set a $8.25 price target for the company in a research note on Tuesday, January 2nd. TheStreet cut shares of Santander Mexico Fincl Gp SAB deCV from a “b-” rating to a “c+” rating in a research note on Thursday, November 9th. ValuEngine cut shares of Santander Mexico Fincl Gp SAB deCV from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. JPMorgan Chase & Co. cut shares of Santander Mexico Fincl Gp SAB deCV from an “overweight” rating to a “hold” rating and decreased their price target for the stock from $11.00 to $10.00 in a research note on Wednesday, November 1st. Finally, Scotia Howard Weill upgraded shares of Santander Mexico Fincl Gp SAB deCV from an “underperform” rating to a “sector perform” rating in a research note on Monday, November 27th.

Shares of Santander Mexico Fincl Gp SAB deCV (NYSE:BSMX) traded up $0.06 during trading on Monday, hitting $7.44. 739,326 shares of the stock traded hands, compared to its average volume of 2,097,867. Santander Mexico Fincl Gp SAB deCV has a fifty-two week low of $6.99 and a fifty-two week high of $10.82. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market cap of $5,009.71, a PE ratio of 10.67, a price-to-earnings-growth ratio of 7.53 and a beta of 1.46.

Santander Mexico Fincl Gp SAB deCV (NYSE:BSMX) last issued its earnings results on Wednesday, January 31st. The bank reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.01). Santander Mexico Fincl Gp SAB deCV had a net margin of 16.88% and a return on equity of 15.15%. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.05 billion. analysts expect that Santander Mexico Fincl Gp SAB deCV will post 0.71 earnings per share for the current year.

The firm also recently declared a None dividend, which was paid on Friday, February 2nd. Investors of record on Friday, January 26th were paid a dividend of $0.059 per share. This represents a yield of 0.0077023498694517%. The ex-dividend date was Thursday, January 25th. Santander Mexico Fincl Gp SAB deCV’s dividend payout ratio is currently 57.97%.

Large investors have recently modified their holdings of the stock. Visionary Asset Management Inc. acquired a new stake in Santander Mexico Fincl Gp SAB deCV during the 3rd quarter worth $114,000. Dorsey & Whitney Trust CO LLC purchased a new position in Santander Mexico Fincl Gp SAB deCV during the 3rd quarter worth $119,000. Teacher Retirement System of Texas purchased a new position in Santander Mexico Fincl Gp SAB deCV during the 3rd quarter worth $167,000. Nomura Asset Management Co. Ltd. purchased a new position in Santander Mexico Fincl Gp SAB deCV during the 3rd quarter worth $229,000. Finally, Citadel Advisors LLC purchased a new position in Santander Mexico Fincl Gp SAB deCV during the 3rd quarter worth $404,000. Hedge funds and other institutional investors own 27.40% of the company’s stock.

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Santander Mexico Fincl Gp SAB deCV Company Profile

Grupo Financiero Santander Mexico SAB de CV, formerly Santander Mexico Financial Group SAB de CV or Grupo Financiero Santander SAB de CV, is a Mexico-based financial institution. The Company is primarily engaged in the provision of multiple banking services, securities brokerage, financial advice services, as well as other related investment activities.

Analyst Recommendations for Santander Mexico Fincl Gp SAB deCV (NYSE:BSMX)

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