Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) Shares Gap Up - Time to Buy?

Key Points

• The stock price of Grupo Financiero Banorte SAB de CV gapped up from a previous close of $49.11 to an opening price of $51.00, with last traded shares at $49.18.
• The company reported $1.33 EPS for the last quarter, missing estimates by $0.02, with analysts forecasting a total of 4.84 EPS for the current fiscal year.
• Grupo Financiero Banorte has a market cap of $27.50 billion and a P/E ratio of 9.19, indicating a relatively low valuation compared to earnings.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY - Get Free Report)'s stock price gapped up prior to trading on Friday . The stock had previously closed at $49.11, but opened at $51.00. Grupo Financiero Banorte SAB de CV shares last traded at $49.18, with a volume of 1,069 shares changing hands.

Grupo Financiero Banorte SAB de CV Stock Performance

The company's fifty day simple moving average is $46.52 and its 200 day simple moving average is $43.61. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $27.50 billion, a P/E ratio of 9.19, a P/E/G ratio of 1.04 and a beta of 0.76.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The company reported $1.33 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.02). Grupo Financiero Banorte SAB de CV had a net margin of 13.01% and a return on equity of 21.67%. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $40.02 billion. As a group, sell-side analysts forecast 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 C.V., through its subsidiaries, engages in the provision of banking and financial products and services in Mexico and internationally. The company accepts checking, current, retirement, and payroll accounts; and provides loans, including mortgage, car, payroll, personal, structured, syndicated, SME loans, and credit cards, as well as letter of credit financing, acquisition funding, and import and export foreign trade financing.

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