Keefe, Bruyette & Woods Upgrades Banco Santander (SAN) to Outperform

Banco Santander (NYSE:SAN) was upgraded by stock analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a research report issued on Friday.

SAN has been the subject of a number of other research reports. ValuEngine downgraded Banco Santander from a “buy” rating to a “hold” rating in a report on Thursday. Zacks Investment Research upgraded Banco Santander from a “sell” rating to a “hold” rating in a report on Saturday, February 10th. Finally, Goldman Sachs upgraded Banco Santander from a “neutral” rating to a “buy” rating and set a $6.20 target price for the company in a report on Friday, November 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $13.15.

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Banco Santander (SAN) opened at $6.34 on Friday. The company has a debt-to-equity ratio of 3.82, a quick ratio of 1.38 and a current ratio of 1.36. The company has a market capitalization of $101,857.64, a P/E ratio of 14.09, a P/E/G ratio of 1.27 and a beta of 1.51. Banco Santander has a twelve month low of $5.74 and a twelve month high of $7.57.

Banco Santander (NYSE:SAN) last announced its earnings results on Wednesday, January 31st. The bank reported $0.13 EPS for the quarter. The company had revenue of $14.21 billion during the quarter. Banco Santander had a return on equity of 7.21% and a net margin of 13.66%. research analysts expect that Banco Santander will post 0.6 EPS for the current year.

Several institutional investors have recently made changes to their positions in SAN. KCS Wealth Advisory bought a new position in Banco Santander in the fourth quarter worth $109,000. Paloma Partners Management Co bought a new position in Banco Santander in the fourth quarter worth $118,000. FCA Corp TX bought a new position in Banco Santander in the fourth quarter worth $131,000. Park Avenue Securities LLC bought a new position in shares of Banco Santander during the third quarter valued at $132,000. Finally, Bailard Inc. bought a new position in shares of Banco Santander during the fourth quarter valued at $134,000. Institutional investors own 1.24% of the company’s stock.

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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.

Analyst Recommendations for Banco Santander (NYSE:SAN)

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