Banco Santander S.A. (NYSE:SAN) does about 9.15M shares in volume on a normal day but saw 6149581 shares change hands in Friday trading. The company now has a market cap of 37.32B USD. Its current market price is $2.32, marking an increase of 4.04% compared to the previous close of $2.23. The 52 week high reached by this stock is $4.42 whilst the lowest price level in 52 weeks is $1.90. The script in recent trading has seen the stock touch a high of $2.33 and a low of $2.28.
Banco Santander S.A. (SAN) has a 20-day trading average at $2.23 and the current price is -47.51% off the 52-week high compared with 22.11% distance from its 52-week low. The 50-day simple moving average of the closing price is $2.36 and its 200-day simple moving average is $2.98. If we look at the stock’s price movements over the week, volatility stands at 2.35%, which increases to 2.56% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 55.08 to suggest the stock is neutral.
25 analysts observing the Banco Santander S.A. (SAN) stock have set the 12-month price targets for the company’s shares at between $2.00 and $3.80. The consensus objective for the share price is $3.81, suggesting that the stock has a potential upside of 39.11% over the period. The median price target is 21.09% away from the current levels at $2.94.
FactSet Research has provided data showing that 25 brokerages have issued ratings for the stock. 4 analysts have rated it as a sell, while 2 advise that it is a overweight. 9 analysts have rated it as a buy and 9 have advised that investors hold their positions. The consensus recommendation rating is Hold and Wall Street’s advice is for investors to Moderate Sell the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on July 21, 2020 when BofA Securities downgraded the stock to “Underperform” and issued a price target of. Credit Suisse also downgraded the stock to “Neutral” from Outperform on June 18, 2020 at a price target of.
The current price level is 4.41%, -1.56%, and -22.32% away from its SMA20, SMA50, and SMA200 respectively, with the SAN price moving above the 50-day SMA on August 28. Banco Santander S.A. (SAN) stock is up 7.91% over the week and 3.11% over the past month. Its price is -43.96% year-to-date and -38.62% over the past year.
The company’s next earnings report is expected on 10/28/2020.
Its 12-month price target is $2.94. To reach the target analysts have set, the stock logically needs to grow 39.11 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $2.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $3.80.
Outstanding shares total 16.60B with insiders holding 0.00% of the shares and institutional holders owning 1.79% of the company’s common stock. The company has a return on investment of 5.90% and return on equity of -8.00%. The forward price to earnings ratio is 6.37. The beta has a value of 1.04. Price to book ratio is 0.40 and price to sales ratio is 0.60.
According to a U.S. Securities and Exchange Commission filing, SPDR S&P Kensho New Economies Com has reduced its position in Banco Santander S.A. (SAN) to 2,590,866 shares, mirroring a recent drop by 0.00%. SPDR S&P Kensho New Economies Com dumped 0.0 shares of Banco Santander S.A. common stock bringing its total worth to about $5.47 million at the end of recent close, SEC documents show. SPDR S&P Kensho New Economies Com isn’t the only investment manager who changed stakes and is followed by DFA International Core Equity Por, which sold off -0.1 million shares to end up with 2,307,299 shares worth $4.87 million. SIMT Tax Managed Large Cap Fund raise their holdings by 363.05% in the company over the course of the most recent quarter. It now holds a 0.01% position in Banco Santander S.A. thanks to 1.91 million shares amounting to $4.03 million.