Banco Santander, S.A. (NYSE:SAN) shares gapped down prior to trading on Wednesday . The stock had previously closed at $6.98, but opened at $6.82. Banco Santander, shares last traded at $6.70, with a volume of 5,156,148 shares changing hands.
SAN has been the subject of a number of research reports. ValuEngine cut Banco Santander, from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research upgraded Banco Santander, from a “hold” rating to a “buy” rating and set a $7.50 price target for the company in a research note on Thursday, September 14th. BidaskClub cut Banco Santander, from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 19th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating on shares of Banco Santander, in a research note on Tuesday, August 15th. One research analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $16.63.
The firm’s 50 day moving average price is $6.63 and its 200-day moving average price is $6.56. The company has a market capitalization of $103.05 billion, a price-to-earnings ratio of 12.32 and a beta of 1.38.
Banco Santander, (NYSE:SAN) last posted its quarterly earnings results 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). The business had revenue of $13.10 billion during the quarter. Banco Santander, had a return on equity of 6.70% and a net margin of 14.98%. Analysts anticipate that Banco Santander, S.A. will post $0.49 EPS for the current fiscal year.
Several large investors have recently modified their holdings of the company. Cetera Investment Advisers bought a new position in shares of Banco Santander, during the second quarter valued at about $206,000. Public Employees Retirement System of Ohio bought a new position in shares of Banco Santander, during the second quarter valued at about $4,468,000. 1st Global Advisors Inc. raised its stake in shares of Banco Santander, by 34.1% during the second quarter. 1st Global Advisors Inc. now owns 49,012 shares of the bank’s stock valued at $328,000 after acquiring an additional 12,463 shares during the last quarter. EagleClaw Capital Managment LLC raised its stake in shares of Banco Santander, by 0.4% during the second quarter. EagleClaw Capital Managment LLC now owns 82,920 shares of the bank’s stock valued at $554,000 after acquiring an additional 352 shares during the last quarter. Finally, Scotia Capital Inc. raised its stake in shares of Banco Santander, by 39.6% during the second quarter. Scotia Capital Inc. now owns 30,078 shares of the bank’s stock valued at $201,000 after acquiring an additional 8,528 shares during the last quarter. 1.30% of the stock is owned by hedge funds and other institutional investors.
COPYRIGHT VIOLATION WARNING: “Banco Santander, S.A. (SAN) Shares Gap Down to $6.82” was originally posted by Community Financial News and is the property of of Community Financial News. If you are reading this report on another site, it was illegally stolen and republished in violation of United States & international copyright and trademark legislation. The original version of this report can be viewed at https://www.com-unik.info/2017/10/11/banco-santander-s-a-san-shares-gap-down-to-6-82.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.
What are top analysts saying about Banco Santander S.A.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Banco Santander S.A. and related companies.