Grupo Simec S.A. De Upgraded to Outperform at Zacks (SIM)
Grupo Simec S.A. De (NYSE:SIM) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a note issued to investors on Monday. The firm currently has a $15.50 price target on the stock. Zacks‘s target price would suggest a potential upside of 10.95% from the company’s current price.
Grupo Simec S.A. De (NYSE:SIM) traded down 3.10% on Monday, hitting $13.7494. The stock had a trading volume of 7,548 shares. Grupo Simec S.A. De has a 52-week low of $10.23 and a 52-week high of $14.48. The stock’s 50-day moving average is $13.3 and its 200-day moving average is $12.12. The company has a market cap of $2.259 billion and a P/E ratio of 19.74.
Grupo Simec S.A. De (NYSE:SIM) last issued its quarterly earnings data on Friday, May 2nd. The company reported $0.15 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.08 by $0.07. Analysts expect that Grupo Simec S.A. De will post $10.28 EPS for the current fiscal year.
Grupo Simec SAB de CV (NYSE:SIM) is a Mexico-based holding company that, along with its subsidiaries, is principally engaged in the steel industry.
To view Zacks’ full report, visit Zacks’ official website.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.