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Gruma S.A.B. de C.V. (NYSE:GMK) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report released on Thursday. The firm currently has a $50.20 price objective on the stock. Zacks‘s price target suggests a potential upside of 13.14% from the company’s current price.

Gruma S.A.B. de C.V. (NYSE:GMK) traded up 1.22% during mid-day trading on Thursday, hitting $44.91. 3,603 shares of the company’s stock traded hands. Gruma S.A.B. de C.V. has a 1-year low of $20.32 and a 1-year high of $48.60. The stock’s 50-day moving average is $45.87 and its 200-day moving average is $39.06. The company has a market cap of $4.859 billion and a price-to-earnings ratio of 14.29.

Gruma S.A.B. de C.V. (NYSE:GMK) last posted its quarterly earnings results on Wednesday, August 13th. The company reported $0.63 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.44 by $0.19. On average, analysts predict that Gruma S.A.B. de C.V. will post $1.51 earnings per share for the current fiscal year.

GMK has been the subject of a number of other recent research reports. Analysts at Goldman Sachs initiated coverage on shares of Gruma S.A.B. de C.V. in a research note on Wednesday, July 2nd. They set a “neutral” rating on the stock. Analysts at Deutsche Bank downgraded shares of Gruma S.A.B. de C.V. from a “buy” rating to a “hold” rating in a research note on Friday, May 30th. They now have a $42.00 price target on the stock, up previously from $39.25.

Gruma SAB de CV (NYSE:GMK) is a Mexico-based company engaged, through its subsidiaries, in the production, distribution and sale of corn flour.

To view Zacks’ full report, visit Zacks’ official website.

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