Royal Bank of Canada upgraded shares of Banco Santander (NYSE:SAN) from a sector perform rating to an outperform rating in a report released on Wednesday, Marketbeat reports.

Several other research firms have also recently commented on SAN. Zacks Investment Research cut Banco Santander from a hold rating to a sell rating in a report on Tuesday, January 1st. ValuEngine cut Banco Santander from a hold rating to a sell rating in a report on Saturday, February 23rd. TheStreet cut Banco Santander from an a- rating to a d rating in a report on Thursday, February 7th. Finally, Goldman Sachs Group raised Banco Santander to a buy rating and set a $6.00 price target for the company in a report on Saturday, February 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. Banco Santander has a consensus rating of Hold and a consensus target price of $6.75.

Banco Santander stock opened at $4.93 on Wednesday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 4.05. The company has a market capitalization of $79.08 billion, a price-to-earnings ratio of 8.96, a PEG ratio of 1.52 and a beta of 1.09. Banco Santander has a 12 month low of $4.21 and a 12 month high of $6.82.

Banco Santander (NYSE:SAN) last posted its quarterly earnings results on Tuesday, January 29th. The bank reported $0.13 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.01). The firm had revenue of $14.31 billion during the quarter. Banco Santander had a net margin of 16.13% and a return on equity of 7.56%. As a group, analysts expect that Banco Santander will post 0.55 earnings per share for the current fiscal year.

A number of institutional investors have recently bought and sold shares of the business. Global Retirement Partners LLC grew its stake in shares of Banco Santander by 46,183.3% in the 4th quarter. Global Retirement Partners LLC now owns 5,554 shares of the bank’s stock valued at $25,000 after purchasing an additional 5,542 shares during the period. Lenox Wealth Management Inc. grew its stake in shares of Banco Santander by 1,064.1% in the 4th quarter. Lenox Wealth Management Inc. now owns 5,844 shares of the bank’s stock valued at $26,000 after purchasing an additional 5,342 shares during the period. Ipswich Investment Management Co. Inc. bought a new stake in shares of Banco Santander in the 4th quarter valued at approximately $30,000. Sontag Advisory LLC bought a new stake in shares of Banco Santander in the 4th quarter valued at approximately $40,000. Finally, Parallel Advisors LLC grew its stake in shares of Banco Santander by 76.5% in the 4th quarter. Parallel Advisors LLC now owns 9,606 shares of the bank’s stock valued at $43,000 after purchasing an additional 4,164 shares during the period. 1.86% of the stock is owned by hedge funds and other institutional investors.

Banco Santander Company Profile

Banco Santander, SA, together with its subsidiaries, provides various retail and commercial banking products and services for individual and corporate clients worldwide. It offers demand and time deposits, and current and savings accounts; certificates of deposit; mortgages, auto finance, and personal loans; working capital finance; and debit and credit cards, as well as life and non-life insurance products.

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Analyst Recommendations for Banco Santander (NYSE:SAN)

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