Banco Santander Mexico Sa Instcn De (BSMX) Stock Rating Upgraded by ValuEngine

Banco Santander Mexico Sa Instcn De (NYSE:BSMX) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Wednesday, April 10th, ValuEngine reports.

BSMX has been the topic of a number of other reports. Zacks Investment Research lowered Banco Santander Mexico Sa Instcn De from a “hold” rating to a “sell” rating in a research note on Tuesday, April 2nd. Morgan Stanley lowered Banco Santander Mexico Sa Instcn De from an “overweight” rating to an “underweight” rating in a research note on Friday, March 8th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $7.40 price objective (down from $8.40) on shares of Banco Santander Mexico Sa Instcn De in a report on Thursday, February 7th. Two equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. Banco Santander Mexico Sa Instcn De presently has a consensus rating of “Hold” and an average target price of $7.20.

Shares of NYSE BSMX traded up $0.03 during trading on Wednesday, reaching $8.27. 781,522 shares of the stock traded hands, compared to its average volume of 1,781,730. Banco Santander Mexico Sa Instcn De has a 52-week low of $5.68 and a 52-week high of $8.81. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $5.49 billion, a PE ratio of 11.03, a P/E/G ratio of 1.34 and a beta of 1.40.

Banco Santander Mexico Sa Instcn De (NYSE:BSMX) last released its quarterly earnings data on Tuesday, April 30th. The bank reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. Banco Santander Mexico Sa Instcn De had a return on equity of 15.98% and a net margin of 14.87%. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.08 billion. As a group, equities analysts expect that Banco Santander Mexico Sa Instcn De will post 0.73 EPS for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in Banco Santander Mexico Sa Instcn De by 189.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 294,803 shares of the bank’s stock valued at $2,288,000 after acquiring an additional 192,916 shares during the period. Bank of New York Mellon Corp purchased a new stake in Banco Santander Mexico Sa Instcn De during the 3rd quarter valued at about $5,493,000. Dimensional Fund Advisors LP boosted its holdings in Banco Santander Mexico Sa Instcn De by 2.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,131,455 shares of the bank’s stock valued at $24,291,000 after acquiring an additional 60,593 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Banco Santander Mexico Sa Instcn De during the 3rd quarter valued at about $506,000. Finally, AMP Capital Investors Ltd boosted its holdings in Banco Santander Mexico Sa Instcn De by 13.8% during the 3rd quarter. AMP Capital Investors Ltd now owns 207,400 shares of the bank’s stock valued at $1,581,000 after acquiring an additional 25,100 shares during the period.

About Banco Santander Mexico Sa Instcn De

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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Analyst Recommendations for Banco Santander Mexico Sa Instcn De (NYSE:BSMX)

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