Zacks Investment Research Downgrades Banco Santander, S.A. (NYSE:SAN) to Sell
Banco Santander, S.A. (NYSE:SAN) was downgraded by Zacks Investment Research from a “buy” rating to a “sell” rating in a note issued to investors on Thursday.
According to Zacks, “Banco Santander SA is the biggest bank in Spain and the biggest international bank in Latin America as well. The Bank concentrates its activities in Andalucia, Castilla-Leon, Catalonia, Madrid, Valencia and Cantabria. The Bank provides banking services for individuals and companies, leasing, factoring, stockbrokerage and mutual fund services. “
Several other equities research analysts have also recently issued reports on the stock. J P Morgan Chase & Co reissued a “buy” rating on shares of Banco Santander, in a research report on Thursday, April 20th. Citigroup Inc. cut shares of Banco Santander, from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 25th. Keefe, Bruyette & Woods raised shares of Banco Santander, from an “underperform” rating to a “market perform” rating and set a $25.50 target price on the stock in a research report on Thursday, April 27th. ValuEngine raised shares of Banco Santander, from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 17th. Finally, Bank of America Corporation raised shares of Banco Santander, from an “underperform” rating to a “neutral” rating in a research report on Friday, June 9th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $16.63.
Banco Santander, (SAN) opened at 6.77 on Thursday. Banco Santander, has a 52 week low of $4.08 and a 52 week high of $6.99. The firm’s 50-day moving average is $6.73 and its 200-day moving average is $6.25. The stock has a market capitalization of $104.13 billion, a P/E ratio of 12.61 and a beta of 1.41.
Banco Santander, (NYSE:SAN) last released its quarterly earnings results on Friday, July 28th. The bank reported $0.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by $0.02. Banco Santander, had a return on equity of 6.70% and a net margin of 14.98%. The firm had revenue of $13.10 billion for the quarter. On average, equities research analysts predict that Banco Santander, will post $0.49 EPS for the current fiscal year.
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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Lincoln National Corp raised its position in Banco Santander, by 5.0% in the second quarter. Lincoln National Corp now owns 15,711 shares of the bank’s stock valued at $105,000 after buying an additional 755 shares during the last quarter. Rhumbline Advisers purchased a new stake in Banco Santander, during the second quarter worth about $108,000. Good Life Advisors LLC purchased a new stake in Banco Santander, during the second quarter worth about $119,000. Keybank National Association OH purchased a new stake in Banco Santander, during the first quarter worth about $114,000. Finally, Farmers & Merchants Investments Inc. raised its stake in Banco Santander, by 2.5% in the first quarter. Farmers & Merchants Investments Inc. now owns 19,694 shares of the bank’s stock worth $120,000 after buying an additional 485 shares in the last quarter. Hedge funds and other institutional investors own 1.25% of the company’s stock.
Banco Santander, Company Profile
Banco Santander, SA is a retail and commercial bank. The Banks segments include Continental Europe, the United Kingdom, Latin America and the United States. The Continental Europe segment covers all businesses in the Continental Europe. The United Kingdom segment includes the businesses developed by various units and branches in the country.
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