Extremely important positive changes in investment behavior have recently occurred for Banco Santander SA (NYSE: SAN): positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
Banco Santander SA (NYSE: SAN). Meaningful 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
Reflecting future returns on capital that are forecasted to exceed 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). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Banco Santander has a good Power Rating of 84 and a very high Appreciation Score of 96, leading to the Highest Value Trend Rating.
Recent Price Action
Banco Santander SA (NYSE: SAN) stock closed at $4.17 on 1/10/24 after a slight decline of -0.2%. However, trading volume in this decline was below average at 72% of normal. The stock has been exceptionally strong relative to the market over the last nine months but is unchanged during the last week.
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