5 Cheapest Penny Stocks According to Analysts

3. Banco Santander, S.A. (NYSE:SAN)

PE Ratio (TTM) as of March 9: 6.82

Average Upside Potential as of March 9: 25.41%

Number of Hedge Fund Holders: 17

Banco Santander, S.A. (NYSE:SAN) is a large Spanish bank that provides retail and commercial banking products and services worldwide. As of March 9, the stock has returned 41.48% to investors over the past 6 months and is trading at a PE multiple of 6x.

Banco Santander, S.A. (NYSE:SAN) has received coverage from 23 Wall Street analysts. The stock has a consensus Buy rating and has received 15 Buy ratings and 7 Hold ratings. The stock has an average price target of $4.88, which represents an upside of 25.41% from current levels.

This March, Credit Suisse analyst Pamela Zuluaga raised her price target on Banco Santander, S.A. (NYSE:SAN) to EUR 4.70 from EUR 4.50 and maintained an Outperform rating on the shares.

Banco Santander, S.A. (NYSE:SAN) was a part of 17 investors’ portfolios at the end of Q4 2022. These funds held collective stakes worth $525.8 million in the company, up from $398.9 million in the preceding quarter with 12 positions. The hedge fund sentiment for the stock is positive.

As of December 31, Ariel Investments is the top stockholder in Banco Santander, S.A. (NYSE:SAN) and has a stake worth $16.1 million in the company.