Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) Sets New 12-Month High – What’s Next?

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $62.89 and last traded at $60.45, with a volume of 2063 shares traded. The stock had previously closed at $60.47.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Grupo Financiero Banorte SAB de CV from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Grupo Financiero Banorte SAB de CV presently has an average rating of “Strong Buy”.

Grupo Financiero Banorte SAB de CV Stock Performance

The firm has a market capitalization of $34.06 billion, a P/E ratio of 11.15, a price-to-earnings-growth ratio of 1.15 and a beta of 0.81. The company has a 50-day moving average of $50.69 and a 200-day moving average of $48.30. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.41.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) last posted its quarterly earnings results on Tuesday, January 27th. The company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.19. The business had revenue of $2.30 billion during the quarter. Grupo Financiero Banorte SAB de CV had a net margin of 13.50% and a return on equity of 22.20%. On average, equities analysts anticipate that Grupo Financiero Banorte SAB de CV will post 4.84 earnings per share for the current fiscal 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.