Santander Consumer USA Holdings Inc. (NYSE:SC) had its target price raised by equities research analysts at BMO Capital Markets from $14.00 to $18.00 in a research report issued to clients and investors on Wednesday. The firm currently has an “outperform” rating on the financial services provider’s stock. BMO Capital Markets’ target price indicates a potential upside of 27.75% from the company’s current price.

Several other analysts have also commented on SC. Jefferies Group LLC reissued a “buy” rating and set a $18.00 target price on shares of Santander Consumer USA Holdings in a research note on Friday, June 30th. UBS AG reissued a “buy” rating and set a $15.00 target price (down from $15.50) on shares of Santander Consumer USA Holdings in a research note on Wednesday, August 2nd. Stephens reissued an “equal weight” rating and set a $14.00 target price on shares of Santander Consumer USA Holdings in a research note on Friday, August 25th. BidaskClub raised shares of Santander Consumer USA Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, Zacks Investment Research raised shares of Santander Consumer USA Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Santander Consumer USA Holdings has a consensus rating of “Hold” and an average target price of $15.26.

Santander Consumer USA Holdings (NYSE:SC) opened at 14.09 on Wednesday. Santander Consumer USA Holdings has a one year low of $10.57 and a one year high of $15.47. The firm has a 50-day moving average of $13.48 and a 200-day moving average of $12.94. The stock has a market capitalization of $5.07 billion, a PE ratio of 7.45 and a beta of 1.27.

Santander Consumer USA Holdings (NYSE:SC) last issued its quarterly earnings results on Friday, July 28th. The financial services provider reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.08. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.07 billion. Santander Consumer USA Holdings had a net margin of 10.40% and a return on equity of 12.47%. The business’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.79 EPS. On average, equities research analysts forecast that Santander Consumer USA Holdings will post $1.74 earnings per share for the current year.

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In other news, CFO Ismail Dawood purchased 5,000 shares of the business’s stock in a transaction dated Thursday, June 29th. The shares were acquired at an average price of $12.94 per share, for a total transaction of $64,700.00. Following the completion of the acquisition, the chief financial officer now directly owns 127,609 shares of the company’s stock, valued at $1,651,260.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.36% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the business. Sei Investments Co. increased its stake in Santander Consumer USA Holdings by 6.1% in the 2nd quarter. Sei Investments Co. now owns 9,622 shares of the financial services provider’s stock valued at $123,000 after buying an additional 555 shares during the period. Meeder Asset Management Inc. increased its stake in Santander Consumer USA Holdings by 40.3% in the 1st quarter. Meeder Asset Management Inc. now owns 9,744 shares of the financial services provider’s stock valued at $129,000 after buying an additional 2,800 shares during the period. TD Asset Management Inc. acquired a new position in Santander Consumer USA Holdings in the 2nd quarter valued at approximately $133,000. The Manufacturers Life Insurance Company increased its stake in Santander Consumer USA Holdings by 7.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,577 shares of the financial services provider’s stock valued at $135,000 after buying an additional 717 shares during the period. Finally, Federated Investors Inc. PA increased its stake in Santander Consumer USA Holdings by 134.9% in the 2nd quarter. Federated Investors Inc. PA now owns 11,605 shares of the financial services provider’s stock valued at $148,000 after buying an additional 6,665 shares during the period. Hedge funds and other institutional investors own 91.71% of the company’s stock.

Santander Consumer USA Holdings Company Profile

Santander Consumer USA Holdings Inc is the holding company for Santander Consumer USA Inc, and subsidiaries, a consumer finance company focused on vehicle finance and third party servicing. The Company operates through Consumer Finance segment. Its Consumer Finance business is focused on vehicle financial products and services, including retail installment contracts, vehicle leases, and dealer loans, as well as financial products and services related to motorcycles, recreational vehicles (RVs), and marine vehicles.

Analyst Recommendations for Santander Consumer USA Holdings (NYSE:SC)

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