Credit Suisse Group AG Upgrades Banco Santander Brasil SA (BSBR) to “Neutral”
Banco Santander Brasil SA (NYSE:BSBR) was upgraded by stock analysts at Credit Suisse Group AG from an “underperform” rating to a “neutral” rating in a research note issued to investors on Monday.
A number of other equities analysts also recently weighed in on the company. Deutsche Bank AG downgraded Banco Santander Brasil SA from a “hold” rating to a “sell” rating in a report on Wednesday, July 6th. UBS AG reiterated a “neutral” rating on shares of Banco Santander Brasil SA in a report on Thursday, September 8th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Banco Santander Brasil SA in a report on Friday, August 5th. Barclays PLC reiterated an “equal weight” rating on shares of Banco Santander Brasil SA in a report on Thursday, June 23rd. Finally, Zacks Investment Research cut Banco Santander Brasil SA from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 9th. Five analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $5.51.
Banco Santander Brasil SA (NYSE:BSBR) traded up 2.04% during mid-day trading on Monday, hitting $7.51. 703,387 shares of the stock were exchanged. The stock has a market cap of $28.22 billion and a price-to-earnings ratio of 13.41. Banco Santander Brasil SA has a 52 week low of $3.02 and a 52 week high of $7.60. The company has a 50 day moving average price of $6.85 and a 200 day moving average price of $5.82.
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Several large investors have recently bought and sold shares of BSBR. Numeric Investors LLC acquired a new stake in Banco Santander Brasil SA during the second quarter valued at $14,428,000. Vanguard Group Inc. boosted its stake in Banco Santander Brasil SA by 1,229.9% in the second quarter. Vanguard Group Inc. now owns 2,241,142 shares of the company’s stock valued at $12,775,000 after buying an additional 2,072,620 shares in the last quarter. Emerald Acquisition Ltd. acquired a new stake in Banco Santander Brasil SA during the second quarter valued at $10,251,000. Guggenheim Capital LLC boosted its stake in Banco Santander Brasil SA by 5,119.2% in the second quarter. Guggenheim Capital LLC now owns 1,038,360 shares of the company’s stock valued at $5,919,000 after buying an additional 1,018,465 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in Banco Santander Brasil SA during the second quarter valued at $4,831,000.
About Banco Santander Brasil SA
Banco Santander (Brasil) SA (Santander Brasil) is indirectly controlled by Banco Santander, SA, and is an institution of the financial and non-financial group. The Bank operates as a multiple bank. The Bank operates through two segments: 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).
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