Banco Santander Brasil SA (NYSE:BSBR) was upgraded by analysts at Credit Suisse Group AG from an “underperform” rating to a “neutral” rating in a report issued on Monday.

BSBR has been the topic of several other reports. Goldman Sachs Group Inc. downgraded shares of Banco Santander Brasil SA from a “neutral” rating to a “sell” rating and set a $8.10 price objective on the stock. in a report on Friday, September 23rd. Zacks Investment Research raised shares of Banco Santander Brasil SA from a “hold” rating to a “strong-buy” rating and set a $6.75 price objective on the stock in a report on Wednesday, July 13th. UBS AG reaffirmed a “neutral” rating on shares of Banco Santander Brasil SA in a report on Thursday, September 8th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Banco Santander Brasil SA in a report on Friday, August 5th. Finally, Barclays PLC reaffirmed an “equal weight” rating on shares of Banco Santander Brasil SA in a report on Thursday, June 23rd. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $5.51.

Analyst Recommendations for Banco Santander Brasil SA (NYSE:BSBR)

Banco Santander Brasil SA (NYSE:BSBR) traded up 2.58% during trading on Monday, reaching $7.55. 671,995 shares of the company traded hands. The firm has a 50-day moving average price of $6.85 and a 200-day moving average price of $5.82. The company has a market capitalization of $28.37 billion and a P/E ratio of 13.48. Banco Santander Brasil SA has a 52 week low of $3.02 and a 52 week high of $7.60.

A number of institutional investors have recently bought and sold shares of BSBR. Numeric Investors LLC bought a new position in Banco Santander Brasil SA during the second quarter worth $14,428,000. Vanguard Group Inc. boosted its position 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 worth $12,775,000 after buying an additional 2,072,620 shares in the last quarter. Emerald Acquisition Ltd. bought a new position in Banco Santander Brasil SA during the second quarter worth $10,251,000. Guggenheim Capital LLC boosted its position 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 worth $5,919,000 after buying an additional 1,018,465 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new position in Banco Santander Brasil SA during the second quarter worth $4,831,000.

Banco Santander Brasil SA Company Profile

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).

5 Day Chart for NYSE:BSBR

Receive News & Stock Ratings for Banco Santander Brasil SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco Santander Brasil SA and related stocks with our FREE daily email newsletter.