Stock Rating Downgrade
The Value Trend Rating for Banco Santander-Chile (NYSE: BSAC) weakened in recent days from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
On 3/18/24, Banco Santander-Chile (NYSE: BSAC) stock declined slightly by -1.0%, closing at $20.00. However, trading volume in this decline was below average at 70% of normal. The stock has performed in line with the market over the last nine months and has risen 3.5% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, BSAC is expected to continue to be a major Value Builder.
Banco Santander-Chile has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Banco Santander-Chile has a neutral Power Rating of 51 and a slightly positive Appreciation Score of 66, resulting in the High Neutral Value Trend Rating.
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