Santander Mexico Fincl Gp SAB deCV Upgraded to “Sector Perform” by RBC Capital (BSMX)
Santander Mexico Fincl Gp SAB deCV (NASDAQ:BSMX) was upgraded by analysts at RBC Capital from an “underperform” rating to a “sector perform” rating in a research report issued to clients and investors on Thursday, TheFlyOnTheWall.com reports. The firm currently has a $12.00 price objective on the stock, up from their previous price objective of $11.00. RBC Capital’s price objective indicates a potential downside of 1.80% from the stock’s previous close.
A number of other firms have also recently commented on BSMX. Analysts at UBS AG upgraded shares of Santander Mexico Fincl Gp SAB deCV from a “neutral” rating to a “buy” rating in a research note on Monday, March 24th. Separately, analysts at Barclays downgraded shares of Santander Mexico Fincl Gp SAB deCV from an “equal weight” rating to an “underweight” rating in a research note on Thursday, February 6th. Finally, analysts at Bank of America downgraded shares of Santander Mexico Fincl Gp SAB deCV from a “neutral” rating to an “underperform” rating in a research note on Friday, January 31st. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $11.70.
Shares of Santander Mexico Fincl Gp SAB deCV (NASDAQ:BSMX) traded up 2.69% on Thursday, hitting $12.22. The stock had a trading volume of 868,330 shares. Santander Mexico Fincl Gp SAB deCV has a 52 week low of $10.02 and a 52 week high of $17.77. The stock has a 50-day moving average of $11.60 and a 200-day moving average of $12.50. The company has a market cap of $16.586 billion and a price-to-earnings ratio of 9.92.
Santander Mexico Fincl Gp SAB deCV (NASDAQ:BSMX) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by $0.02.
Santander Mexico Financial Group SAB de CV, formerly Grupo Financiero Santander SAB de CV, is a Mexico-based financial institution.
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