Banco Santander Mexico Sa Instcn De (BSMX) Receives $7.40 Consensus Price Target from Analysts

Shares of Banco Santander Mexico Sa Instcn De (NYSE:BSMX) have received an average rating of “Hold” from the six ratings firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $7.40.

Several analysts recently commented on the stock. Zacks Investment Research cut shares of Banco Santander Mexico Sa Instcn De from a “hold” rating to a “strong sell” rating in a research note on Monday, February 11th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $7.40 price objective (down previously from $8.40) on shares of Banco Santander Mexico Sa Instcn De in a research note on Thursday, February 7th. ValuEngine upgraded shares of Banco Santander Mexico Sa Instcn De from a “strong sell” rating to a “sell” rating in a research note on Tuesday, January 15th. Credit Suisse Group cut shares of Banco Santander Mexico Sa Instcn De from an “outperform” rating to a “neutral” rating in a research note on Monday, December 10th. Finally, Citigroup cut shares of Banco Santander Mexico Sa Instcn De from a “buy” rating to a “neutral” rating in a research note on Friday, November 30th.

Shares of NYSE BSMX traded up $0.05 during midday trading on Friday, hitting $7.03. The company had a trading volume of 940,400 shares, compared to its average volume of 1,474,289. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.86. Banco Santander Mexico Sa Instcn De has a twelve month low of $5.68 and a twelve month high of $8.81. The stock has a market capitalization of $4.62 billion, a price-to-earnings ratio of 9.37, a price-to-earnings-growth ratio of 1.28 and a beta of 1.32.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. NumerixS Investment Technologies Inc acquired a new stake in shares of Banco Santander Mexico Sa Instcn De in the fourth quarter valued at about $38,000. Advisors Asset Management Inc. raised its position in Banco Santander Mexico Sa Instcn De by 56.1% during the fourth quarter. Advisors Asset Management Inc. now owns 6,559 shares of the bank’s stock worth $40,000 after acquiring an additional 2,358 shares during the last quarter. Wetherby Asset Management Inc. acquired a new position in Banco Santander Mexico Sa Instcn De during the fourth quarter worth about $63,000. FDx Advisors Inc. acquired a new position in Banco Santander Mexico Sa Instcn De during the third quarter worth about $101,000. Finally, One Wealth Advisors LLC raised its position in Banco Santander Mexico Sa Instcn De by 393.4% during the fourth quarter. One Wealth Advisors LLC now owns 15,430 shares of the bank’s stock worth $95,000 after acquiring an additional 12,303 shares during the last quarter. Hedge funds and other institutional investors own 25.97% of the company’s stock.

Banco Santander Mexico Sa Instcn De Company Profile

Banco Santander (México), SA, Institución de Banca Múltiple, Grupo Financiero Santander México provides various banking products and services in Mexico. The company operates through Retail Banking and Global Corporate Banking segments. It offers various deposit products, such as current accounts, savings accounts, and time deposits, as well as certificates of interbank deposits; and payroll loans, personal loans, credit cards, mortgages, and insurance brokerage services.

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