Today’s Stock On Watch: Santander Mexico Fincl Gp SAB deCV (ADR)’s Stock Is Buy After Today’s Big Increase

Today's Stock On Watch: Santander Mexico Fincl Gp SAB deCV (ADR)'s Stock Is Buy After Today's Big Increase

The stock of Santander Mexico Fincl Gp SAB deCV (ADR) (NYSE:BSMX) is a huge mover today! About 976,099 shares traded hands. Santander Mexico Fincl Gp SAB deCV (ADR) (NYSE:BSMX) has risen 10.14% since February 29, 2016 and is uptrending. It has underperformed by 2.08% the S&P500.
The move comes after 6 months positive chart setup for the $12.02 billion company. It was reported on Oct, 3 by Barchart.com. We have $12.33 PT which if reached, will make NYSE:BSMX worth $4.69B more.

Analysts await Santander Mexico Fincl Gp SAB deCV (ADR) (NYSE:BSMX) to report earnings on November, 3. They expect $0.17 earnings per share, up 6.25% or $0.01 from last year’s $0.16 per share. BSMX’s profit will be $230.37M for 13.04 P/E if the $0.17 EPS becomes a reality. After $0.15 actual earnings per share reported by Santander Mexico Fincl Gp SAB deCV (ADR) for the previous quarter, Wall Street now forecasts 13.33% EPS growth.

Santander Mexico Fincl Gp SAB deCV (ADR) (NYSE:BSMX) Ratings Coverage

Out of 6 analysts covering Banco Santander Mexico (NYSE:BSMX), 1 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 17% are positive. Banco Santander Mexico has been the topic of 8 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Overweight” rating by JP Morgan given on Friday, October 30. On Monday, October 26 the stock rating was upgraded by Citigroup to “Neutral”. Goldman Sachs downgraded the stock to “Sell” rating in Friday, September 23 report. The company was upgraded on Monday, January 11 by Bank of America. UBS downgraded the stock to “Neutral” rating in Wednesday, September 7 report. On Thursday, August 4 the stock rating was downgraded by JP Morgan to “Neutral”. The rating was upgraded by Credit Suisse to “Outperform” on Tuesday, October 13. As per Tuesday, July 21, the company rating was upgraded by Goldman Sachs.

According to Zacks Investment Research, “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.”

More news for Santander Mexico Fincl Gp SAB deCV (ADR) (NYSE:BSMX) were recently published by: Benzinga.com, which released: “12 Biggest Mid-Day Losers For Friday” on September 23, 2016. Benzinga.com‘s article titled: “Benzinga’s Top Downgrades” and published on September 23, 2016 is yet another important article.

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