Brokerages Set Banco Santander Mexico Sa Instcn De (NYSE:BSMX) PT at $7.58

Shares of Banco Santander Mexico Sa Instcn De (NYSE:BSMX) have earned a consensus recommendation of “Hold” from the seven analysts that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $7.58.

BSMX has been the subject of several recent research reports. ValuEngine cut Banco Santander Mexico Sa Instcn De from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 1st. Zacks Investment Research raised Banco Santander Mexico Sa Instcn De from a “hold” rating to a “strong-buy” rating and set a $7.75 price target for the company in a research note on Wednesday, August 7th.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Rehmann Capital Advisory Group lifted its holdings in Banco Santander Mexico Sa Instcn De by 23.4% in the 1st quarter. Rehmann Capital Advisory Group now owns 12,629 shares of the bank’s stock worth $85,000 after purchasing an additional 2,393 shares during the last quarter. Susquehanna International Group LLP lifted its holdings in Banco Santander Mexico Sa Instcn De by 18.6% in the 2nd quarter. Susquehanna International Group LLP now owns 16,366 shares of the bank’s stock worth $125,000 after purchasing an additional 2,566 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in Banco Santander Mexico Sa Instcn De by 44.3% in the 1st quarter. Advisors Asset Management Inc. now owns 9,467 shares of the bank’s stock worth $64,000 after purchasing an additional 2,908 shares during the last quarter. Quantamental Technologies LLC acquired a new position in shares of Banco Santander Mexico Sa Instcn De during the second quarter worth approximately $65,000. Finally, NumerixS Investment Technologies Inc acquired a new position in shares of Banco Santander Mexico Sa Instcn De during the second quarter worth approximately $77,000. 10.54% of the stock is owned by institutional investors and hedge funds.



Shares of NYSE BSMX traded up $0.19 during trading hours on Friday, hitting $6.59. The stock had a trading volume of 1,882,800 shares, compared to its average volume of 1,901,490. The company has a market capitalization of $9.01 billion, a P/E ratio of 8.79, a P/E/G ratio of 1.01 and a beta of 1.38. The firm’s 50-day moving average price is $7.33 and its two-hundred day moving average price is $7.37. Banco Santander Mexico Sa Instcn De has a 52 week low of $5.68 and a 52 week high of $8.74.

Banco Santander Mexico Sa Instcn De Company Profile

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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