The stock of Banco Santander Brasil SA (ADR) (NYSE:BSBR) hit a new 52-week high and has $11.16 target or 47.00% above today’s $7.59 share price. The 6 months bullish chart indicates low risk for the $29.64 billion company. The 1-year high was reported on Oct, 17 by Barchart.com. If the $11.16 price target is reached, the company will be worth $13.93B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 473,389 shares traded hands. Banco Santander Brasil SA (ADR) (NYSE:BSBR) has risen 63.19% since March 14, 2016 and is uptrending. It has outperformed by 57.58% the S&P500.
Analysts await Banco Santander Brasil SA (ADR) (NYSE:BSBR) to report earnings on October, 25. They expect $0.05 earnings per share, down 16.67% or $0.01 from last year’s $0.06 per share. BSBR’s profit will be $195.26 million for 37.95 P/E if the $0.05 EPS becomes a reality. After $0.07 actual earnings per share reported by Banco Santander Brasil SA (ADR) for the previous quarter, Wall Street now forecasts -28.57% negative EPS growth.
Banco Santander Brasil SA (ADR) (NYSE:BSBR) Ratings Coverage
Out of 2 analysts covering Banco Santander Brasil (NYSE:BSBR), 0 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 0 are positive. Banco Santander Brasil has been the topic of 2 analyst reports since November 12, 2015 according to StockzIntelligence Inc. The stock of Banco Santander Brasil SA (ADR) (NYSE:BSBR) has “Reduce” rating given on Tuesday, January 19 by HSBC. On Thursday, November 12 the stock rating was downgraded by JP Morgan to “Market Perform”.
More recent Banco Santander Brasil SA (ADR) (NYSE:BSBR) news were published by: Benzinga.com which released: “Banco Santander Brasil Upgraded, Price Target Raised 39% By Credit Suisse” on October 17, 2016. Also Quotes.Wsj.com published the news titled: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011. Benzinga.com‘s news article titled: “Benzinga’s Top Upgrades” with publication date: October 17, 2016 was also an interesting one.
Banco Santander S.A. (Santander Brasil) is indirectly controlled by Banco Santander, S.A., and is an institution of the financial and non-financial group. The company has a market cap of $29.64 billion. The Bank operates as a multiple bank. It has a 26.85 P/E ratio. The Bank operates through two divisions: Commercial Banking and Global Wholesale Banking.
BSBR Company Profile
Banco Santander (Brasil) S.A. (Santander Brasil), incorporated on August 9, 1985, is indirectly controlled by Banco Santander, S.A., and is an institution of the financial and non-financial group. The Bank operates as a multiple bank. The Bank operates through two divisions: Commercial Banking and Global Wholesale Banking. The Commercial Banking segment encompasses the entire commercial banking business (except for the Corporate Banking business managed globally using the Global Relationship Model). The Global Wholesale Banking segment reflects the returns on the Global Corporate Banking business, those on Investment Banking and Markets across the world, including all treasury departments and the equities business. It operates with commercial, investment, credit and financing and exchange, mortgage lending, leasing, credit cards and securities brokerage.
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