Grupo Financiero Banorte - GBOOY Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Grupo Financiero Banorte in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" GBOOY shares.
View GBOOY analyst ratings or view top-rated stocks.

2 brokerages have issued 1 year price objectives for Grupo Financiero Banorte's shares. Their GBOOY share price forecasts range from $146.00 to $146.00. On average, they expect the company's share price to reach $146.00 in the next twelve months. This suggests a possible upside of 368.4% from the stock's current price.
View analysts price targets for GBOOY or view top-rated stocks among Wall Street analysts.

Grupo Financiero Banorte's stock was trading at $32.47 at the beginning of 2022. Since then, GBOOY shares have decreased by 4.0% and is now trading at $31.17.
View the best growth stocks for 2022 here.

Grupo Financiero Banorte saw a increase in short interest in the month of July. As of July 31st, there was short interest totaling 12,500 shares, an increase of 2,400.0% from the July 15th total of 500 shares. Based on an average daily volume of 37,200 shares, the days-to-cover ratio is presently 0.3 days.
View Grupo Financiero Banorte's Short Interest.

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY) released its quarterly earnings data on Thursday, January, 22nd. The company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.60 by $0.13. The firm had revenue of $1.10 billion for the quarter. Grupo Financiero Banorte had a trailing twelve-month return on equity of 15.72% and a net margin of 21.35%.

Grupo Financiero Banorte declared a dividend on Saturday, May 28th. Investors of record on Thursday, June 2nd will be paid a dividend of $1.5109 per share on Friday, June 10th. This represents a dividend yield of 6%. The ex-dividend date of this dividend is Wednesday, June 1st. This is a positive change from the stock's previous dividend of $0.60.
Read our dividend analysis for GBOOY.

Grupo Financiero Banorte (OTCMKTS:GBOOY) pays an annual dividend of $2.02 per share and currently has a dividend yield of 6.48%. GBOOY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 63.52%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GBOOY will have a dividend payout ratio of 47.98% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GBOOY.

Grupo Financiero Banorte trades on the OTCMKTS under the ticker symbol "GBOOY."

Shares of GBOOY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of GBOOY stock can currently be purchased for approximately $31.17.

Grupo Financiero Banorte (OTCMKTS:GBOOY) has a market capitalization of $17.98 billion and generates $7.68 billion in revenue each year. The company earns $1.73 billion in net income (profit) each year or $3.18 on an earnings per share basis.

The company employs 30,162 workers across the globe.

Grupo Financiero Banorte was founded in 1899.

Grupo Financiero Banorte's mailing address is Avenue Revolucion 3000 Col. Primavera, Monterrey O5, 05349. The official website for the company is www.banorte.com. The company can be reached via phone at 525511034000 or via email at investor@banorte.com.