Zacks Investment Research upgraded shares of Santander Consumer USA (NYSE:SC) from a hold rating to a buy rating in a research report sent to investors on Friday morning. The firm currently has $21.00 target price on the financial services provider’s stock.
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 research analysts have also commented on the stock. TheStreet upgraded shares of Santander Consumer USA from a c rating to a b- rating in a research report on Wednesday, November 14th. Oppenheimer reaffirmed a hold rating on shares of Santander Consumer USA in a research note on Wednesday, October 31st. BMO Capital Markets upped their price objective on shares of Santander Consumer USA from $26.00 to $27.00 and gave the company an outperform rating in a research note on Friday, November 2nd. Finally, ValuEngine cut shares of Santander Consumer USA from a buy rating to a hold rating in a research report on Tuesday, October 2nd. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $22.85.
Shares of SC traded up $0.13 during trading hours on Friday, reaching $19.29. The stock had a trading volume of 886,505 shares, compared to its average volume of 1,392,175. Santander Consumer USA has a 12 month low of $15.55 and a 12 month high of $21.81. The stock has a market capitalization of $6.83 billion, a price-to-earnings ratio of 11.09, a PEG ratio of 0.37 and a beta of 1.07.
Santander Consumer USA (NYSE:SC) last issued its earnings results on Wednesday, October 31st. The financial services provider reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.04. Santander Consumer USA had a return on equity of 13.25% and a net margin of 20.54%. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.76 billion. During the same period last year, the business posted $0.55 EPS. On average, research analysts anticipate that Santander Consumer USA will post 2.64 earnings per share for the current fiscal year.
A number of institutional investors have recently made changes to their positions in SC. Rehmann Capital Advisory Group grew its position in Santander Consumer USA by 28.6% in the 3rd quarter. Rehmann Capital Advisory Group now owns 10,642 shares of the financial services provider’s stock valued at $213,000 after buying an additional 2,366 shares during the last quarter. NorthCoast Asset Management LLC raised its stake in Santander Consumer USA by 14.5% in the 2nd quarter. NorthCoast Asset Management LLC now owns 33,962 shares of the financial services provider’s stock valued at $648,000 after purchasing an additional 4,298 shares during the last quarter. KAMES CAPITAL plc raised its stake in Santander Consumer USA by 6.7% in the 3rd quarter. KAMES CAPITAL plc now owns 79,656 shares of the financial services provider’s stock valued at $1,594,000 after purchasing an additional 4,969 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in Santander Consumer USA in the 3rd quarter valued at about $120,000. Finally, Macquarie Group Ltd. purchased a new stake in Santander Consumer USA in the 2nd quarter valued at about $118,000.
About Santander Consumer USA
Santander Consumer USA Holdings Inc, a specialized consumer finance company, provides vehicle finance and third-party servicing in the United States. Its products and services include retail installment contracts and vehicle leases, as well as dealer loans for inventory, construction, real estate, working capital, and revolving lines of credit.
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