The Banco Santander S.A. (SAN) shares are trading at lower $2.46 and the avg recommendation for the stock is Hold. while the current analyst price target stands at $3.81.
To add more color to this target, the company’s high over the last year is $4.74 and the low is $1.90. Over the last 52 weeks, SAN is down -48.05% while the S&P 500 is down -5.76%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, SAN reported a profit of $9.36 billion. Banco Santander S.A. also saw revenues increase to $14.57 billion. In addition, SAN has free cash flow of $27.31 billion as of 03-2020.
SAN booked profit margins of 7.40%, its Return on Equity (ROE) is 4.20%, and its Return on Assets is 0.30%. All told, it is clear that, SAN needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. SAN has a short ratio of 0.58 and outstanding shares of 16.59B.
SAN has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 14.23 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.35. Investors should also keep an eye on sector updates as SAN has historically followed its peers on positive news.
All told, Banco Santander S.A. SAN has strung together solid data and demonstrated underlying fundamentals. At its current valuation, SAN represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Banco Santander S.A. SAN is now commanding a market cap of 40.81B and a float of 16.41B. SAN is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of SAN stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in SAN, either long or short, and we have not been compensated for this article.