Banco Santander SA (NYSE:SAN) has received a consensus recommendation of “Hold” from the eight research firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $6.00.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Banco Santander from a “hold” rating to a “sell” rating in a research note on Tuesday, January 22nd. Royal Bank of Canada upgraded shares of Banco Santander from a “sector perform” rating to an “outperform” rating in a research note on Wednesday. Morgan Stanley upgraded shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Wednesday. ValuEngine cut shares of Banco Santander from a “hold” rating to a “sell” rating in a research note on Saturday, February 23rd. Finally, Goldman Sachs Group upgraded shares of Banco Santander to a “buy” rating and set a $6.00 target price on the stock in a research note on Saturday, February 9th.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SAN. Global Retirement Partners LLC raised its stake in Banco Santander by 46,183.3% during the 4th quarter. Global Retirement Partners LLC now owns 5,554 shares of the bank’s stock worth $25,000 after acquiring an additional 5,542 shares during the period. Lenox Wealth Management Inc. raised its stake in Banco Santander by 1,064.1% during the 4th quarter. Lenox Wealth Management Inc. now owns 5,844 shares of the bank’s stock worth $26,000 after acquiring an additional 5,342 shares during the period. Ipswich Investment Management Co. Inc. bought a new stake in Banco Santander during the 4th quarter worth approximately $30,000. Sontag Advisory LLC bought a new stake in Banco Santander during the 4th quarter worth approximately $40,000. Finally, Parallel Advisors LLC raised its stake in Banco Santander by 76.5% during the 4th quarter. Parallel Advisors LLC now owns 9,606 shares of the bank’s stock worth $43,000 after acquiring an additional 4,164 shares during the period. Institutional investors own 1.86% of the company’s stock.
Shares of NYSE:SAN traded up $0.09 during trading on Friday, hitting $4.93. The company’s stock had a trading volume of 8,505,371 shares, compared to its average volume of 7,330,568. Banco Santander has a 12 month low of $4.21 and a 12 month high of $6.82. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 4.05. The stock has a market capitalization of $78.45 billion, a PE ratio of 8.96, a price-to-earnings-growth ratio of 1.52 and a beta of 1.09.
Banco Santander (NYSE:SAN) last issued its quarterly earnings data on Tuesday, January 29th. The bank reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.01). Banco Santander had a return on equity of 7.56% and a net margin of 16.13%. The business had revenue of $14.31 billion during the quarter. Analysts expect that Banco Santander will post 0.55 earnings per share for the current fiscal year.
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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