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 brokers have issued 12-month price objectives for Grupo Financiero Banorte's shares. Their GBOOY share price forecasts range from $146.00 to $146.00. On average, they predict the company's stock price to reach $146.00 in the next year. This suggests a possible upside of 369.9% from the stock's current price.
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Grupo Financiero Banorte's stock was trading at $32.47 at the beginning of the year. Since then, GBOOY stock has decreased by 4.3% and is now trading at $31.07.
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Grupo Financiero Banorte saw a increase in short interest in 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 trading volume, of 37,200 shares, the short-interest ratio is currently 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 results on Thursday, January, 22nd. The company reported $0.47 earnings per share for the quarter, missing analysts' consensus estimates of $0.60 by $0.13. The business earned $1.10 billion during the quarter. Grupo Financiero Banorte had a net margin of 21.35% and a trailing twelve-month return on equity of 15.72%.

Grupo Financiero Banorte announced a dividend on Saturday, May 28th. Stockholders 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 an increase 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 47.87% 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.
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One share of GBOOY stock can currently be purchased for approximately $31.07.

Grupo Financiero Banorte (OTCMKTS:GBOOY) has a market capitalization of $17.92 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.