Zacks Investment Research Upgrades Banco Santander, S.A. (SAN) to Hold
Banco Santander, S.A. (NYSE:SAN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Wednesday.
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 weighed in on SAN. Bank of America Corporation upgraded Banco Santander, from an “underperform” rating to a “neutral” rating in a report on Friday, June 9th. ValuEngine upgraded Banco Santander, from a “buy” rating to a “strong-buy” rating in a report on Monday, July 17th. BidaskClub cut Banco Santander, from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 19th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating on shares of Banco Santander, in a report on Tuesday, August 15th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Banco Santander, currently has an average rating of “Buy” and a consensus price target of $16.63.
Shares of Banco Santander, (SAN) opened at 6.50 on Wednesday. The firm’s 50-day moving average price is $6.67 and its 200 day moving average price is $6.32. The company has a market capitalization of $99.97 billion, a PE ratio of 12.22 and a beta of 1.41. Banco Santander, has a one year low of $4.19 and a one year high of $6.99.
Banco Santander, (NYSE:SAN) last released its quarterly earnings data on Friday, July 28th. The bank reported $0.12 earnings per share for the quarter, missing the 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 business had revenue of $13.10 billion during the quarter. Analysts anticipate that Banco Santander, will post $0.49 earnings per share for the current year.
A number of 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 worth $105,000 after buying an additional 755 shares during the period. Rhumbline Advisers bought a new position in Banco Santander, during the second quarter worth $108,000. Keybank National Association OH bought a new position in Banco Santander, during the first quarter worth $114,000. Good Life Advisors LLC bought a new position in Banco Santander, during the second quarter worth $119,000. Finally, Edgar Lomax Co. VA raised its position in Banco Santander, by 83.4% in the first quarter. Edgar Lomax Co. VA now owns 19,900 shares of the bank’s stock worth $122,000 after buying an additional 9,050 shares during the period. 1.30% of the stock is owned by institutional investors.
About Banco Santander,
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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