Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY – Get Free Report) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Monday, Zacks reports.
Grupo Financiero Banorte SAB de CV Stock Performance
Shares of GBOOY opened at $55.44 on Monday. The company has a market cap of $31.19 billion, a PE ratio of 9.35, a price-to-earnings-growth ratio of 1.29 and a beta of 0.71. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.64. The stock has a 50-day moving average price of $55.51 and a 200-day moving average price of $55.04. Grupo Financiero Banorte SAB de CV has a 12-month low of $45.00 and a 12-month high of $63.81.
Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY – Get Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.58 by $0.01. The company had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.29 billion. Grupo Financiero Banorte SAB de CV had a return on equity of 22.30% and a net margin of 14.97%. As a group, equities analysts forecast that Grupo Financiero Banorte SAB de CV will post 6.13 earnings per share for the current fiscal year.
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.
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