Several analysts have recently updated their ratings and price targets for Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE: BSMX):

  • 10/2/2017 – Grupo Financiero Santander Mexico S.A. B. de C.V. was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 9/26/2017 – Grupo Financiero Santander Mexico S.A. B. de C.V. was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $11.00 price target on the stock. According to Zacks, “Grupo Financiero Santander Mexico SAB de CV is engaged in providing various banking services primarily in Mexico. It provides multiple banking services, securities brokerage, financial advice services, as well as other related investment activities. The company also offers pension and investment funds; cards and other structured products; and treasury management, merchant, trust, life insurance, online collection, tax payment, payroll, and cash management services. Grupo Financiero Santander Mexico SAB de CV is based in Mexico City, Mexico. “
  • 9/25/2017 – Grupo Financiero Santander Mexico S.A. B. de C.V. was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Grupo Financiero Santander Mexico SAB de CV is engaged in providing various banking services primarily in Mexico. It provides multiple banking services, securities brokerage, financial advice services, as well as other related investment activities. The company also offers pension and investment funds; cards and other structured products; and treasury management, merchant, trust, life insurance, online collection, tax payment, payroll, and cash management services. Grupo Financiero Santander Mexico SAB de CV is based in Mexico City, Mexico. “
  • 9/19/2017 – Grupo Financiero Santander Mexico S.A. B. de C.V. was downgraded by analysts at Credit Suisse Group from an “outperform” rating to a “neutral” rating.
  • 9/18/2017 – Grupo Financiero Santander Mexico S.A. B. de C.V. was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 9/15/2017 – Grupo Financiero Santander Mexico S.A. B. de C.V. was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $11.00 price target on the stock. According to Zacks, “Grupo Financiero Santander Mexico SAB de CV is engaged in providing various banking services primarily in Mexico. It provides multiple banking services, securities brokerage, financial advice services, as well as other related investment activities. The company also offers pension and investment funds; cards and other structured products; and treasury management, merchant, trust, life insurance, online collection, tax payment, payroll, and cash management services. Grupo Financiero Santander Mexico SAB de CV is based in Mexico City, Mexico. “
  • 9/14/2017 – Grupo Financiero Santander Mexico S.A. B. de C.V. was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Grupo Financiero Santander Mexico SAB de CV is engaged in providing various banking services primarily in Mexico. It provides multiple banking services, securities brokerage, financial advice services, as well as other related investment activities. The company also offers pension and investment funds; cards and other structured products; and treasury management, merchant, trust, life insurance, online collection, tax payment, payroll, and cash management services. Grupo Financiero Santander Mexico SAB de CV is based in Mexico City, Mexico. “
  • 9/11/2017 – Grupo Financiero Santander Mexico S.A. B. de C.V. was upgraded by analysts at Goldman Sachs Group, Inc. (The) from a “sell” rating to a “neutral” rating. They now have a $10.60 price target on the stock.
  • 9/6/2017 – Grupo Financiero Santander Mexico S.A. B. de C.V. was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Grupo Financiero Santander Mexico SAB de CV is engaged in providing various banking services primarily in Mexico. It provides multiple banking services, securities brokerage, financial advice services, as well as other related investment activities. The company also offers pension and investment funds; cards and other structured products; and treasury management, merchant, trust, life insurance, online collection, tax payment, payroll, and cash management services. Grupo Financiero Santander Mexico SAB de CV is based in Mexico City, Mexico. “
  • 9/4/2017 – Grupo Financiero Santander Mexico S.A. B. de C.V. was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $12.00 price target on the stock. According to Zacks, “Grupo Financiero Santander Mexico SAB de CV is engaged in providing various banking services primarily in Mexico. It provides multiple banking services, securities brokerage, financial advice services, as well as other related investment activities. The company also offers pension and investment funds; cards and other structured products; and treasury management, merchant, trust, life insurance, online collection, tax payment, payroll, and cash management services. Grupo Financiero Santander Mexico SAB de CV is based in Mexico City, Mexico. “
  • 8/31/2017 – Grupo Financiero Santander Mexico S.A. B. de C.V. was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 8/22/2017 – Grupo Financiero Santander Mexico S.A. B. de C.V. was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $12.00 price target on the stock. According to Zacks, “Grupo Financiero Santander Mexico SAB de CV is engaged in providing various banking services primarily in Mexico. It provides multiple banking services, securities brokerage, financial advice services, as well as other related investment activities. The company also offers pension and investment funds; cards and other structured products; and treasury management, merchant, trust, life insurance, online collection, tax payment, payroll, and cash management services. Grupo Financiero Santander Mexico SAB de CV is based in Mexico City, Mexico. “
  • 8/17/2017 – Grupo Financiero Santander Mexico S.A. B. de C.V. was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 8/12/2017 – Grupo Financiero Santander Mexico S.A. B. de C.V. was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.

Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE BSMX) opened at 10.08 on Wednesday. Grupo Financiero Santander Mexico S.A. B. de C.V. has a 52-week low of $6.73 and a 52-week high of $10.82. The firm’s 50 day moving average price is $10.28 and its 200 day moving average price is $9.68. The firm has a market cap of $13.66 billion, a price-to-earnings ratio of 13.18 and a beta of 1.38.

Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX) last posted its earnings results on Friday, July 28th. The bank reported $0.18 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.18. Grupo Financiero Santander Mexico S.A. B. de C.V. had a net margin of 15.97% and a return on equity of 15.11%. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $963.79 million. Equities research analysts anticipate that Grupo Financiero Santander Mexico S.A. B. de C.V. will post $0.73 EPS for the current fiscal year.

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.

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