Banco Santander SA (SAN) Receives $6.00 Consensus Target Price from Analysts

Shares of Banco Santander SA (NYSE:SAN) have been given a consensus recommendation of “Hold” by the eight brokerages that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $6.00.

Several analysts recently weighed in on the company. Zacks Investment Research downgraded Banco Santander from a “hold” rating to a “sell” rating in a report on Tuesday, January 8th. ValuEngine downgraded Banco Santander from a “hold” rating to a “sell” rating in a report on Saturday, February 23rd. Royal Bank of Canada upgraded Banco Santander from a “sector perform” rating to an “outperform” rating in a report on Wednesday. Finally, Morgan Stanley upgraded Banco Santander from an “equal weight” rating to an “overweight” rating in a report on Wednesday.

Institutional investors and hedge funds have recently bought and sold shares of the business. Global Retirement Partners LLC grew its stake in Banco Santander by 46,183.3% in the fourth quarter. Global Retirement Partners LLC now owns 5,554 shares of the bank’s stock valued at $25,000 after purchasing an additional 5,542 shares during the last quarter. Lenox Wealth Management Inc. grew its stake in Banco Santander by 1,064.1% in the fourth quarter. Lenox Wealth Management Inc. now owns 5,844 shares of the bank’s stock valued at $26,000 after purchasing an additional 5,342 shares during the last quarter. Ipswich Investment Management Co. Inc. purchased a new position in Banco Santander in the fourth quarter valued at about $30,000. Sontag Advisory LLC purchased a new position in Banco Santander in the fourth quarter valued at about $40,000. Finally, Parallel Advisors LLC grew its stake in Banco Santander by 76.5% in the fourth quarter. Parallel Advisors LLC now owns 9,606 shares of the bank’s stock valued at $43,000 after purchasing an additional 4,164 shares during the last quarter. Institutional investors own 1.86% of the company’s stock.

Shares of SAN stock traded up $0.09 on Friday, hitting $4.93. The stock had a trading volume of 8,505,371 shares, compared to its average volume of 7,330,568. The company has a debt-to-equity ratio of 4.05, a current ratio of 1.42 and a quick ratio of 1.42. The company has a market capitalization of $78.45 billion, a P/E ratio of 8.96, a PEG ratio of 1.52 and a beta of 1.09. Banco Santander has a one year low of $4.21 and a one year high of $6.82.

Banco Santander (NYSE:SAN) last released its quarterly earnings data on Tuesday, January 29th. The bank reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.01). The firm had revenue of $14.31 billion during the quarter. Banco Santander had a net margin of 16.13% and a return on equity of 7.56%. On average, analysts anticipate 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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Analyst Recommendations for Banco Santander (NYSE:SAN)

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