Banco Santander Mexico Sa Instcn De (NYSE:BSMX)‘s stock had its “neutral” rating reissued by JPMorgan Chase & Co. in a note issued to investors on Thursday. They presently have a $7.40 price target on the bank’s stock, down from their previous price target of $8.40. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 1.37% from the stock’s previous close.

Several other brokerages also recently commented on BSMX. Zacks Investment Research upgraded Banco Santander Mexico Sa Instcn De from a “hold” rating to a “strong-buy” rating and set a $9.00 target price for the company in a research note on Thursday, October 18th. ValuEngine upgraded Banco Santander Mexico Sa Instcn De from a “strong sell” rating to a “sell” rating in a research note on Tuesday, January 15th. Credit Suisse Group downgraded Banco Santander Mexico Sa Instcn De from an “outperform” rating to a “neutral” rating in a research note on Monday, December 10th. Citigroup downgraded Banco Santander Mexico Sa Instcn De from a “buy” rating to a “neutral” rating in a research note on Friday, November 30th. Finally, Scotia Howard Weill downgraded Banco Santander Mexico Sa Instcn De from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, November 28th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Banco Santander Mexico Sa Instcn De currently has a consensus rating of “Hold” and a consensus price target of $7.20.

Shares of NYSE BSMX opened at $7.30 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.86. Banco Santander Mexico Sa Instcn De has a 12 month low of $5.68 and a 12 month high of $8.81. The company has a market cap of $4.90 billion, a PE ratio of 10.58, a price-to-earnings-growth ratio of 1.34 and a beta of 1.32.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. boosted its stake in Banco Santander Mexico Sa Instcn De by 56.1% in the 4th quarter. Advisors Asset Management Inc. now owns 6,559 shares of the bank’s stock valued at $40,000 after purchasing an additional 2,358 shares during the period. Wetherby Asset Management Inc. bought a new stake in Banco Santander Mexico Sa Instcn De in the 4th quarter valued at $63,000. FDx Advisors Inc. bought a new stake in Banco Santander Mexico Sa Instcn De in the 3rd quarter valued at $101,000. Stevens Capital Management LP bought a new stake in Banco Santander Mexico Sa Instcn De in the 3rd quarter valued at $121,000. Finally, We Are One Seven LLC bought a new stake in Banco Santander Mexico Sa Instcn De in the 3rd quarter valued at $142,000. Institutional investors and hedge funds own 26.28% of the company’s stock.

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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