Qatari fund to sell 40pc of Santander Brasil stake
- Author: Zachary Reyes Mar 29, 2017,
Mar 29, 2017, 16:19
The firm now has a $6.75 price target on the stock.
QIA entered Santander Brasil seven years ago, around the time the lender became a public company in June 2009. Zacks Investment Research's target price suggests a potential upside of 10.11% from the company's current price.
EPS in next five year years is expected to touch 15.90% while EPS growth in past 5 year was 0.50% along with sales growth of 8.30% in the last five years. Banco Santander, now has an average rating of Buy and a consensus target price of $6.75. The stock's market capitalization is 3.28B.
Banco Santander, S.A. has a 50 day moving average of 5.63 and a 200 day moving average of 5.04. The Company Touched its 52-Week High on Mar 21, 2017 and 52-Week Low on Jun 27, 2016. The Average Volume (3 months) is 5.08 Million.
Banco Santander (Brasil) S.A. (Banco Santander or Bank) is directly or indirectly controlled by Banco Santander, S.A., based in Spain (Banco Santander Spain).
Banco Santander, S.A. (SAN) belongs to the Financial sector with an industry focus on Foreign Money Center Banks, with Ms. Ana Botín-Sanz de Sautuola y O'Shea as Exec. Chairman and Chief Exec. Officer of Santander UK PLC. The stock's average true range of stands at 0.35, while the relative strength index is 28.62. Bbva Compass Bancshares Inc. now owns 194,928 shares of the company's stock valued at $859,000 after buying an additional 1,779 shares during the last quarter. The consensus recommendation by Thomson Reuters analysts is Outperform and their mean rating for the stock is 2.39 on scale of 1-5. Banco Santander raised Banco Santander, from a "neutral" rating to a "buy" rating in a research note on Wednesday, February 1st.
09/06/2016 - Banco Santander, S.A. was upgraded to "overweight" by analysts at Barclays. The Monthly and Yearly performances are 15.63 percent and 44.45 percent respectively. The stock's quarterly performance indicates a Positive momentum of 11.03 percent, whereas its last one month trend is Pessimistic with -20.05 percent. Osborn Williams & Donohoe LLC now owns 101,640 shares of the company's stock valued at $526,000 after buying an additional 1,155 shares during the last quarter.
The amount of Units of the International Offering initially offered (not including, therefore, the Units of the Brazilian Offering) may be increased by an additional batch of up to twelve million (12,000,000) Units, exclusively in the form of ADSs, represented by ADRs, to be sold by the Selling Shareholder under the same conditions and for the same price of the Units of the Global Offering initially offered ("Additional Units of the International Offering"), pursuant to the option to be granted by the Selling Shareholder to the International Underwriters exclusively within the International Offering ("Option of Additional Units of the International Offering"). BSBR's value Change from Open was at -0.31% with a Gap of -1.01%.
Several analysts recently issued reports on the company. The high end of the revenue guidance is $275.07 Million and the low end is $230.26 Million. The growth estimate for the next quarter is 100 percent.