Banco Santander SA (NYSE: SAN). Extremely significant positive changes in investment behavior have recently occurred: positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
Notable positive changes in Banco Santander SA (NYSE: SAN) fundamentals have recently occurred: significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
SAN is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Banco Santander has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Banco Santander has a good Power Rating of 83 and a very high Appreciation Score of 98, triggering the Highest Value Trend Rating.
Recent Price Action
Banco Santander SA (NYSE: SAN) stock closed at $4.92 on 4/9/24 after a modest decline of -1.2%. However, this decline was accompanied by below average trading volume at 73% of normal. The stock has risen 2.5% during the last week and has been strong relative to the market over the last nine months.
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