Stock Worth Mentioning: After Today’s Significant Increase, Is Banco Santander Brasil SA (ADR)’s Near-Term Analysis Positive?

Stock Worth Mentioning: After Today's Significant Increase, Is Banco Santander Brasil SA (ADR)'s Near Term Analysis Positive?

The stock of Banco Santander Brasil SA (ADR) (NYSE:BSBR) is a huge mover today! About 752,476 shares traded hands. Banco Santander Brasil SA (ADR) (NYSE:BSBR) has risen 79.47% since March 15, 2016 and is uptrending. It has outperformed by 73.99% the S&P500.
The move comes after 9 months positive chart setup for the $30.58 billion company. It was reported on Oct, 18 by Barchart.com. We have $9.97 PT which if reached, will make NYSE:BSBR worth $8.26B more.

Analysts await Banco Santander Brasil SA (ADR) (NYSE:BSBR) to report earnings on October, 25. They expect $0.05 EPS, down 16.67% or $0.01 from last year’s $0.06 per share. BSBR’s profit will be $194.78 million for 39.25 P/E if the $0.05 EPS becomes a reality. After $0.07 actual EPS 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 3 analysts covering Banco Santander Brasil (NYSE:BSBR), 0 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 0 are positive. Banco Santander Brasil has been the topic of 3 analyst reports since November 12, 2015 according to StockzIntelligence Inc. Credit Suisse upgraded the stock to “Neutral” rating in Monday, October 17 report. The stock has “Reduce” rating given by HSBC on Tuesday, January 19. As per Thursday, November 12, the company rating was downgraded by JP Morgan.

More news for Banco Santander Brasil SA (ADR) (NYSE:BSBR) were recently published by: Quotes.Wsj.com, which released: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011. Benzinga.com‘s article titled: “Benzinga’s Top Upgrades” and published on October 17, 2016 is yet another important article.

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 $30.58 billion. The Bank operates as a multiple bank. It has a 27.75 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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