Banco Santander, S.A. (NYSE:SAN) Lowered to “Buy” at ValuEngine

Banco Santander, S.A. (NYSE:SAN) was downgraded by ValuEngine from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Friday, September 1st.

Several other equities research analysts also recently weighed in on the company. Zacks Investment Research raised Banco Santander, from a “sell” rating to a “hold” rating in a report on Wednesday, August 30th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating on shares of Banco Santander, in a report on Tuesday, August 15th. BidaskClub downgraded Banco Santander, from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Finally, Bank of America Corporation raised Banco Santander, from an “underperform” rating to a “neutral” rating in a report on Friday, June 9th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $16.50.

Shares of Banco Santander, (SAN) opened at 6.66 on Friday. Banco Santander, has a 52-week low of $4.19 and a 52-week high of $6.99. The stock’s 50 day moving average is $6.59 and its 200 day moving average is $6.43. The stock has a market cap of $102.43 billion, a PE ratio of 12.31 and a beta of 1.38.

Banco Santander, (NYSE:SAN) last posted its quarterly earnings data on Friday, July 28th. The bank reported $0.12 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.02). The firm had revenue of $13.10 billion during the quarter. Banco Santander, had a net margin of 14.98% and a return on equity of 6.70%. Equities research analysts forecast that Banco Santander, will post $0.49 earnings per share for the current year.

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A number of institutional investors have recently bought and sold shares of SAN. Fisher Asset Management LLC increased its position in Banco Santander, by 20,016.6% during the 2nd quarter. Fisher Asset Management LLC now owns 78,057,067 shares of the bank’s stock worth $522,202,000 after purchasing an additional 77,669,044 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in Banco Santander, by 690.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 6,573,247 shares of the bank’s stock worth $43,975,000 after purchasing an additional 5,741,913 shares in the last quarter. Karp Capital Management Corp purchased a new stake in Banco Santander, during the 1st quarter worth about $21,219,000. Senvest Management LLC purchased a new stake in Banco Santander, during the 2nd quarter worth about $8,363,000. Finally, Todd Asset Management LLC increased its position in Banco Santander, by 44.9% during the 2nd quarter. Todd Asset Management LLC now owns 3,574,941 shares of the bank’s stock worth $23,916,000 after purchasing an additional 1,107,295 shares in the last quarter. Hedge funds and other institutional investors own 1.30% of the company’s stock.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Banco Santander, (NYSE:SAN)

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