Banco Santander, S.A. (NYSE:SAN) has earned an average recommendation of “Buy” from the ten brokerages that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and eight have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $3.50.
A number of research analysts have issued reports on the stock. UBS Group reissued a “buy” rating on shares of Banco Santander in a research note on Monday, February 8th. Royal Bank of Canada reissued an “outperform” rating on shares of Banco Santander in a research note on Friday, February 12th. Credit Suisse Group raised shares of Banco Santander from a “neutral” rating to an “outperform” rating in a research note on Tuesday. HSBC raised shares of Banco Santander from a “hold” rating to a “buy” rating in a research note on Wednesday, January 20th. Finally, Zacks Investment Research raised shares of Banco Santander from a “hold” rating to a “buy” rating and set a $3.50 target price for the company in a research note on Saturday, February 6th.
Several hedge funds have recently added to or reduced their stakes in SAN. Arrowstreet Capital Limited Partnership bought a new stake in shares of Banco Santander during the 3rd quarter worth about $1,097,000. JPMorgan Chase & Co. raised its position in shares of Banco Santander by 2,516.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 263,573 shares of the bank’s stock worth $486,000 after buying an additional 253,499 shares in the last quarter. Two Sigma Securities LLC raised its position in shares of Banco Santander by 348.4% during the 3rd quarter. Two Sigma Securities LLC now owns 229,787 shares of the bank’s stock worth $425,000 after buying an additional 178,536 shares in the last quarter. Claudia M.P. Batlle CRP R LLC bought a new stake in shares of Banco Santander during the 3rd quarter worth about $279,000. Finally, Brinker Capital Investments LLC bought a new stake in shares of Banco Santander in the 3rd quarter worth approximately $1,199,000. Institutional investors own 1.43% of the company’s stock.
Shares of NYSE SAN traded down $0.06 during midday trading on Friday, hitting $3.48. The company’s stock had a trading volume of 75,528 shares, compared to its average volume of 6,912,231. Banco Santander has a 1-year low of $1.78 and a 1-year high of $3.70. The firm’s fifty day moving average price is $3.52 and its 200-day moving average price is $2.92. The company has a debt-to-equity ratio of 4.70, a quick ratio of 0.41 and a current ratio of 0.41. The firm has a market cap of $60.35 billion, a P/E ratio of -8.19 and a beta of 1.36.
Banco Santander (NYSE:SAN) last posted its quarterly earnings results on Wednesday, February 3rd. The bank reported $0.08 EPS for the quarter. Banco Santander had a negative net margin of 13.21% and a positive return on equity of 7.24%. The business had revenue of $13.03 billion during the quarter. As a group, research analysts predict that Banco Santander will post 0.24 earnings per share for the current fiscal year.
About Banco Santander
Banco Santander, SA, together with its subsidiaries, provides various retail and commercial banking products and services to individuals, small and medium-sized enterprises, and large companies worldwide. It offers demand and time deposits, and current and savings accounts; mortgages, consumer finance, syndicated corporate loans, structured financing, cash management, export and agency finance, trade and working capital solutions, and corporate finance; and insurance products.
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