Banco Santander, S.A. (NYSE:SAN) is -0.21 points lower today and the only thing that matters is where they go from here. You simply have to look deeper than the share price and explore the fundamentals and future growth potential. The stock value has plummeted by nearly -4.4% to $4.68 from its previous close of $4.89. Does this decline mean it the best stock to buy right now? The shares seem to have an active trading volume day with a reported 5004545 contracts so far this session. SAN shares had a relatively better volume day versus average trading capacity of 7.61 million shares, but with a 15.99 billion float and a 1.03% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for SAN stock indicates that the average analyst price target is $6.06 per share. This means the stock has a potential increase of 29.49% from where the SAN share price has been trading recently which is between $4.87 and $4.94. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $4.06.
The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “7 Financial Stocks to Invest In Today” and dated March 18, 2019.
During the recent trading session for Banco Santander, S.A. (NYSE:SAN), the company witnessed their stock drop by $-0.25 over a week and surge $unch from the price 20 days ago. When compared to their established 52-week high of $6.82, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 04/23/18. The recent low of $4.21 stood for a -30.88% since 12/26/18, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 1.09 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Banco Santander, S.A., the two-week RSI stands at 42.09. This figure suggests that SAN stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current SAN readings is similarly very revealing as it has a stochastic reading of 53.38% at this stage. This figure means that SAN share price today is being neutral.
Technical chart claims that Banco Santander, S.A. (SAN) would settle between $4.93/share to $4.97/share level. However, if the stock price goes below the $4.86 mark, then the market for Banco Santander, S.A. becomes much weaker. If that happens, the stock price might even plunge as low as $4.83 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -0.03. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at RBC Capital Mkts raised their recommendation on shares of SAN from Sector Perform to Outperform in their opinion released on March 13. Keefe Bruyette analysts bumped their rating on Banco Santander, S.A. (NYSE:SAN) stock from Mkt Perform to Outperform in a separate flash note issued to investors on March 23. Analysts at Goldman released an upgrade from Neutral to Buy for the stock, in a research note that dated back to November 24.
SAN equity has an average rating of 3, with the figure leaning towards a bullish end. 1 analysts who tracked the company were contacted by Reuters. Amongst them, 1 rated the stock as a hold while the remaining 0 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 0 analysts rated Banco Santander, S.A. (NYSE:SAN) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, SAN stock price is currently trading at 0X forward 12-month Consensus EPS estimates, and its P/S ratio is 1.21 while for the average stock in the same group, the multiple is 8.03. Banco Santander, S.A. current P/E ratio of 8.89 means it is trading at a discount against its industry’s 19.48. In the past 5 years, this ratio for the stock has been fluctuating between 8.08 and 14.5.