Banco Santander (SAN) Stock Rating Upgraded by ValuEngine

ValuEngine upgraded shares of Banco Santander (NYSE:SAN) from a strong sell rating to a sell rating in a research report report published on Thursday morning.

Several other equities research analysts have also commented on the company. Zacks Investment Research lowered Banco Santander from a hold rating to a sell rating in a research note on Friday, October 5th. Keefe, Bruyette & Woods lowered Banco Santander from an outperform rating to a hold rating in a research note on Tuesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $6.85.

Banco Santander stock traded down $0.05 during trading on Thursday, hitting $4.89. The company’s stock had a trading volume of 138,072 shares, compared to its average volume of 10,184,374. The firm has a market capitalization of $79.24 billion, a P/E ratio of 9.50, a PEG ratio of 1.22 and a beta of 1.18. Banco Santander has a 1-year low of $4.50 and a 1-year high of $7.57. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 4.25.

Banco Santander (NYSE:SAN) last announced its quarterly earnings results on Wednesday, October 31st. The bank reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.01). The firm had revenue of $13.63 billion for the quarter. Banco Santander had a return on equity of 7.59% and a net margin of 15.20%. As a group, equities analysts predict that Banco Santander will post 0.55 EPS for the current year.

A number of large investors have recently made changes to their positions in the business. Fisher Asset Management LLC increased its stake in Banco Santander by 2.0% during the third quarter. Fisher Asset Management LLC now owns 94,934,126 shares of the bank’s stock worth $474,671,000 after acquiring an additional 1,827,838 shares during the last quarter. Cambiar Investors LLC increased its stake in Banco Santander by 20.8% during the third quarter. Cambiar Investors LLC now owns 26,051,566 shares of the bank’s stock worth $130,258,000 after acquiring an additional 4,494,125 shares during the last quarter. Northern Trust Corp increased its stake in Banco Santander by 3.8% during the second quarter. Northern Trust Corp now owns 16,609,734 shares of the bank’s stock worth $88,695,000 after acquiring an additional 609,737 shares during the last quarter. Bank of America Corp DE increased its stake in Banco Santander by 10.1% during the second quarter. Bank of America Corp DE now owns 10,944,035 shares of the bank’s stock worth $58,441,000 after acquiring an additional 999,509 shares during the last quarter. Finally, Aperio Group LLC increased its stake in Banco Santander by 1.1% during the third quarter. Aperio Group LLC now owns 4,631,101 shares of the bank’s stock worth $23,156,000 after acquiring an additional 50,733 shares during the last quarter. Institutional investors own 1.62% of the company’s stock.

Banco Santander Company Profile

Banco Santander, SA, together with its subsidiaries, provides various retail and commercial banking products and services for individual and corporate clients worldwide. It offers demand and time deposits, and current and savings accounts; certificates of deposit; mortgages, auto finance, and personal loans; working capital finance; and debit and credit cards, as well as life and non-life insurance products.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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