Morningstar Assigns “A-” Credit Rating to Banco Santander-Chile (BSAC)
Banco Santander-Chile (NASDAQ:BSAC) has received an “A-” credit rating from analysts at Morningstar. The agency’s “A-” rating suggests that the company is a low default risk. They also issued a negative credit outlook for the company and gave their stock a three star rating.
Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs downgraded shares of Banco Santander-Chile from a “neutral” rating to a “sell” rating in a research note on Thursday, July 24th. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Banco Santander-Chile in a research note on Monday, July 7th. They now have a $31.00 price target on the stock, up previously from $29.00. Finally, analysts at Scotiabank upgraded shares of Banco Santander-Chile from a “sector perform” rating to an “outperform” rating in a research note on Monday, June 9th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $30.50.
Banco Santander-Chile (NASDAQ:BSAC) opened at 23.77 on Wednesday. Banco Santander-Chile has a 52 week low of $19.13 and a 52 week high of $27.36. The stock’s 50-day moving average is $25.32 and its 200-day moving average is $24.4. The company has a market cap of $11.198 billion and a price-to-earnings ratio of 11.93.
Banco Santander-Chile (NASDAQ:BSAC) last posted its quarterly earnings results on Friday, August 1st. The company reported $0.62 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.54 by $0.08. Analysts expect that Banco Santander-Chile will post $2.05 EPS for the current fiscal year.
Banco Santander Chile (NASDAQ:BSAC) provides a range of general banking services to its customers, from individuals to corporations.
To view more credit ratings from Morningstar, visit www.morningstar.com.
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