Santander Consumer USA (SC) Raised to Hold at Zacks Investment Research
Santander Consumer USA (NYSE:SC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Saturday.
According to Zacks, “Santander Consumer USA Holdings Inc. is a technology-driven consumer finance company which focused on vehicle finance and unsecured consumer lending products. The company’s vehicle finance products and services include consumer vehicle loans, vehicle leases and automotive dealer floorplan loans. Santander Consumer USA Holdings Inc. is headquartered in Dallas, Texas. “
A number of other equities analysts also recently commented on SC. Sandler O’Neill restated a “buy” rating and issued a $18.00 target price (up from $16.00) on shares of Santander Consumer USA in a research note on Wednesday, October 4th. Citigroup started coverage on Santander Consumer USA in a research note on Tuesday, October 17th. They issued a “neutral” rating and a $16.00 target price for the company. JPMorgan Chase & Co. lifted their target price on Santander Consumer USA from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, October 30th. Jefferies Group lifted their target price on Santander Consumer USA from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, October 30th. Finally, JMP Securities lifted their target price on Santander Consumer USA from $16.00 to $21.00 and gave the company an “outperform” rating in a research note on Monday, October 30th. One analyst has rated the stock with a sell rating, five have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $17.87.
Santander Consumer USA (NYSE SC) opened at $18.79 on Friday. Santander Consumer USA has a 52 week low of $11.12 and a 52 week high of $19.02. The company has a market capitalization of $6,760.00, a P/E ratio of 10.10 and a beta of 1.32.
Santander Consumer USA (NYSE:SC) last issued its earnings results on Friday, October 27th. The financial services provider reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.13. Santander Consumer USA had a return on equity of 11.33% and a net margin of 10.17%. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the previous year, the firm posted $0.56 earnings per share. Santander Consumer USA’s quarterly revenue was down 4.9% compared to the same quarter last year. research analysts forecast that Santander Consumer USA will post 1.89 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company boosted its position in shares of Santander Consumer USA by 7.3% during the second quarter. The Manufacturers Life Insurance Company now owns 10,577 shares of the financial services provider’s stock worth $135,000 after buying an additional 717 shares during the period. Prudential Financial Inc. boosted its position in shares of Santander Consumer USA by 2.2% during the second quarter. Prudential Financial Inc. now owns 89,747 shares of the financial services provider’s stock worth $1,145,000 after buying an additional 1,900 shares during the period. Rafferty Asset Management LLC boosted its position in shares of Santander Consumer USA by 14.5% during the second quarter. Rafferty Asset Management LLC now owns 21,898 shares of the financial services provider’s stock worth $279,000 after buying an additional 2,780 shares during the period. Crow Point Partners LLC boosted its position in shares of Santander Consumer USA by 59.8% during the fourth quarter. Crow Point Partners LLC now owns 9,348 shares of the financial services provider’s stock worth $174,000 after buying an additional 3,500 shares during the period. Finally, Sei Investments Co. raised its holdings in Santander Consumer USA by 38.4% during the third quarter. Sei Investments Co. now owns 13,317 shares of the financial services provider’s stock worth $205,000 after purchasing an additional 3,695 shares in the last quarter. Institutional investors and hedge funds own 91.44% of the company’s stock.
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About Santander Consumer USA
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.
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