Home Business StockNews.com Initiates Coverage on Banco Santander México

StockNews.com Initiates Coverage on Banco Santander México

Several other research analysts have also commented on BSMX. The Goldman Sachs Group initiated coverage on Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México in a research report on Friday, January 14th.

They set a neutral rating and a $7.00 price target on the stock. JPMorgan Chase & Co. lowered Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México from an overweight rating to a neutral rating and set a $6.00 price target on the stock.

In a research report on Wednesday, March 30th. Zacks Investment Research raised Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México from a sell rating to a hold rating in a research report on Monday, March 28th.

Finally, Citigroup assumed coverage on Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México in a research report on Friday, January 21st.

They set a neutral rating on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock.

Based on data from MarketBeat, Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México currently has a consensus rating of Hold and an average target price of $6.80.

Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMXGet Rating) last released its quarterly earnings results on Thursday, February 3rd.

The bank reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. The company had revenue of $1.11 billion for the quarter. Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México had a return on equity of 11.09% and a net margin of 14.29%.

Equities analysts expect that Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México will post 0.72 EPS for the current fiscal year.

Source: El Financiero

Mexico Daily Post

Exit mobile version