Banco Santander (NYSE:SAN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday, February 20th.
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. “
Separately, Goldman Sachs Group upgraded shares of Banco Santander from a “neutral” rating to a “buy” rating and set a $6.20 target price on the stock in a research report on Friday, November 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $13.15.
Shares of Banco Santander (SAN) traded down $0.11 during trading hours on Tuesday, hitting $6.62. 6,515,606 shares of the company’s stock were exchanged, compared to its average volume of 8,840,000. Banco Santander has a 1 year low of $5.66 and a 1 year high of $7.57. The firm has a market cap of $106,740.00, a price-to-earnings ratio of 12.49, a PEG ratio of 1.28 and a beta of 1.51. The company has a debt-to-equity ratio of 3.82, a quick ratio of 1.38 and a current ratio of 1.36.
Banco Santander (NYSE:SAN) last announced its earnings results on Wednesday, January 31st. The bank reported $0.13 earnings per share (EPS) for the quarter. Banco Santander had a net margin of 13.66% and a return on equity of 7.21%. The firm had revenue of $14.21 billion for the quarter. analysts forecast that Banco Santander will post 0.58 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of SAN. Delek Group Ltd. bought a new position in Banco Santander in the 4th quarter valued at approximately $804,000. Schafer Cullen Capital Management Inc. lifted its stake in Banco Santander by 32.3% in the 4th quarter. Schafer Cullen Capital Management Inc. now owns 114,842 shares of the bank’s stock valued at $751,000 after purchasing an additional 28,057 shares during the last quarter. Lake Street Advisors Group LLC bought a new position in Banco Santander in the 4th quarter valued at approximately $233,000. Vident Investment Advisory LLC bought a new position in Banco Santander in the 4th quarter valued at approximately $497,000. Finally, Millennium Management LLC lifted its stake in Banco Santander by 381.3% in the 4th quarter. Millennium Management LLC now owns 897,404 shares of the bank’s stock valued at $5,869,000 after purchasing an additional 710,968 shares during the last quarter. Institutional investors and hedge funds own 1.24% of the company’s stock.
COPYRIGHT VIOLATION WARNING: This article was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another publication, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The legal version of this article can be viewed at https://ledgergazette.com/2018/03/15/zacks-investment-research-downgrades-banco-santander-san-to-sell.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Banco Santander Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco Santander and related companies with MarketBeat.com's FREE daily email newsletter.