Extremely important positive changes in investment behavior have recently occurred for Banco Santander SA (NYSE: SAN): the stock rose on very heavy volume, and positive upside/downside volume developed.
Banco Santander SA (NYSE: SAN). Significant positive changes in 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
With future capital returns forecasted to be above the cost of capital, SAN is expected to continue to be an important Value Builder.
Banco Santander has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Banco Santander has a good Power Rating of 84 and a very high Appreciation Score of 98, with the Highest Value Trend Rating the result.
Recent Price Action
Banco Santander SA (NYSE: SAN) stock closed at $4.86 on 4/22/24 after a large increase of 2.3%. Moreover, exceptionally high trading volume at 287% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months and has risen 4.5% during the last week.
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