Banco Santander S.A. ADR [SAN] Stock trading around $4.09 per share: What’s Next?

Banco Santander S.A. ADR [NYSE: SAN] stock went on a downward path that fall over 0.00% on Thursday, amounting to a one-week price increase of more than 4.87%. The company report on January 17, 2024 at 10:00 AM that Santander US Middle-Income Survey Finds Majority of Americans Remained Optimistic in 2023, See Headwinds Ahead in 2024.

Holiday gift giving seen as a reflection of financial prosperity, with seven in 10 spending more or above 2022 levels.

Two-thirds expect the United States to enter recession in 2024.

Over the last 12 months, SAN stock rose by 10.24%. The one-year Banco Santander S.A. ADR stock forecast points to a potential upside of 23.98. The average equity rating for SAN stock is currently 1.92, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $63.73 billion, with 16.55 billion shares outstanding and 15.58 billion shares in the current float. Compared to the average trading volume of 2.92M shares, SAN stock reached a trading volume of 7003487 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Banco Santander S.A. ADR [SAN]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SAN shares is $5.38 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SAN stock is a recommendation set at 1.92. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Barclays have made an estimate for Banco Santander S.A. ADR shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on July 18, 2023. The new note on the price target was released on May 01, 2023, representing the official price target for Banco Santander S.A. ADR stock.

The Average True Range (ATR) for Banco Santander S.A. ADR is set at 0.08, with the Price to Sales ratio for SAN stock in the period of the last 12 months amounting to 0.54. The Price to Book ratio for the last quarter was 0.66.

SAN Stock Performance Analysis:

Banco Santander S.A. ADR [SAN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.87. With this latest performance, SAN shares gained by 3.02% in over the last four-week period, additionally plugging by 7.63% over the last 6 months – not to mention a rise of 10.24% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SAN stock in for the last two-week period is set at 55.89, with the RSI for the last a single of trading hit 60.78, and the three-weeks RSI is set at 53.77 for Banco Santander S.A. ADR [SAN]. The present Moving Average for the last 50 days of trading for this stock 4.06, while it was recorded at 4.02 for the last single week of trading, and 3.80 for the last 200 days.

Insight into Banco Santander S.A. ADR Fundamentals:

Banco Santander S.A. ADR’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.45.

SAN Stock EPS

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SAN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Banco Santander S.A. ADR go to 16.97%.

Banco Santander S.A. ADR [SAN] Institutonal Ownership Details

The top three institutional holders of SAN stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in SAN stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in SAN stock with ownership which is approximately 5.8325%.