Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) Shares Gap Up – What’s Next?

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $54.66, but opened at $60.51. Grupo Financiero Banorte SAB de CV shares last traded at $55.09, with a volume of 773 shares traded.

Analyst Ratings Changes

Separately, Zacks Research cut Grupo Financiero Banorte SAB de CV from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Grupo Financiero Banorte SAB de CV has an average rating of “Hold”.

Grupo Financiero Banorte SAB de CV Stock Up 0.0%

The business has a 50-day moving average price of $55.14 and a two-hundred day moving average price of $52.70. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.41. The firm has a market cap of $30.90 billion, a PE ratio of 9.68, a price-to-earnings-growth ratio of 1.03 and a beta of 0.71.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) last posted its quarterly earnings data on Tuesday, April 21st. The company reported $1.56 earnings per share for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.07). Grupo Financiero Banorte SAB de CV had a return on equity of 22.95% and a net margin of 14.23%.The company had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.39 billion. On average, equities research analysts expect that Grupo Financiero Banorte SAB de CV will post 6.47 EPS for the current year.

About Grupo Financiero Banorte SAB de CV

Grupo Financiero Banorte SAB de CV, commonly known as Banorte, is a major Mexican financial services holding company headquartered in Monterrey, Mexico. The group operates a universal banking franchise that serves retail, small and medium-sized enterprises, and large corporate clients across Mexico. Banorte provides a broad suite of banking services through an extensive branch network and digital channels and maintains an international investor presence, including ADRs that trade on the U.S. OTC market under the symbol GBOOY.

Banorte’s core businesses include retail and commercial banking—offering deposit accounts, payment and cash management services, consumer and mortgage loans, credit and debit cards, and lending to corporate clients.