Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY – Get Free Report) is expected to be releasing its results before the market opens on Wednesday, October 28th. Analysts expect the company to post earnings of $1.52 per share and revenue of $2.22 billion for the quarter.
Grupo Financiero Banorte SAB de CV Price Performance
Grupo Financiero Banorte SAB de CV stock opened at $57.18 on Monday. The business’s 50-day simple moving average is $55.50 and its 200 day simple moving average is $55.04. The stock has a market cap of $32.17 billion, a price-to-earnings ratio of 9.64, a P/E/G ratio of 1.33 and a beta of 0.71. Grupo Financiero Banorte SAB de CV has a 12-month low of $45.00 and a 12-month high of $63.81. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.64.
Analyst Upgrades and Downgrades
Separately, Zacks Research downgraded shares of Grupo Financiero Banorte SAB de CV from a “hold” rating to a “strong sell” rating in a research report on Monday, October 19th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company has an average rating of “Sell”.
Check Out Our Latest Report on GBOOY
About Grupo Financiero Banorte SAB de CV
Grupo Financiero Banorte, SAB. de C.V. is a Mexico-based financial services holding company and the parent organization of Grupo Financiero Banorte. Through its subsidiaries, the group provides banking, insurance, retirement savings, investment, brokerage and other financial services to individuals, small and medium-sized businesses, corporations and government entities.
Its principal banking subsidiary, Banco Mercantil del Norte, operates under the Banorte brand and offers deposit accounts, consumer and commercial loans, mortgages, credit cards, payment services, investment products and digital banking.
Read More
- Five stocks we like better than Grupo Financiero Banorte SAB de CV
- Newmont’s Record Quarter Shows Why Gold’s Floor Is the Real Story
- Albemarle Upgrade: Can Energy Storage Recharge Lithium’s Leader?
- Consumer Staples Are Up 12% This Year—These 3 Beverage Stocks Are Leading the Way
- Can Planet Fitness Get Its Growth Back in Shape?
Receive News & Ratings for Grupo Financiero Banorte SAB de CV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grupo Financiero Banorte SAB de CV and related companies with MarketBeat.com's FREE daily email newsletter.
