Recent important positive changes in fundamentals have benefitted Banco Santander SA (NYSE: SAN): significant quarterly sales acceleration occurred, the consensus estimate for December, 2024 increased significantly, and significant quarterly earnings acceleration occurred.
Recent meaningful positive changes in investment behavior have benefitted Banco Santander SA (NYSE: SAN): the stock’s recent price rise disrupted its longer term downtrend.
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’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company 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 highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Banco Santander has a very high Power Rating of 87 and a very high Appreciation Score of 98, producing the Highest Value Trend Rating.
Recent Price Action
Banco Santander SA (NYSE: SAN) stock declined slightly by -0.6% on 6/5/24. The stock closed at $5.06. However, exceptionally low trading volume at 44% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -1.2% during the last week.
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