Santander Consumer USA (NYSE: SC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday, Zacks.com reports. The brokerage currently has a price target of $ 47.00 on shares of the financial services provider. Zacks Investment Research’s price target indicates a potential rise of 12.71% from the current share price.
According to Zacks, “Santander Consumer USA Holdings Inc. is a technology-driven consumer finance company focused on vehicle finance and unsecured consumer loan products. The Company’s vehicle finance products and services include consumer vehicle loans, vehicle leases and auto dealer loans. Santander Consumer USA Holdings Inc. is headquartered in Dallas, Texas. “
Other research analysts have also published reports on the company. Morgan Stanley raised its price target on Santander Consumer USA from $ 39.00 to $ 41.50 and gave the stock an “equal weight” rating in a research report published on Friday, September 3. Stephens raised his price target on Santander Consumer USA from $ 40.00 to $ 41.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 29. Compass Point downgraded Santander Consumer USA from a “buy” rating to a “neutral” rating and raised its price target for the stock from $ 35 to $ 39 in a research report released on Friday, July 2. BMO Capital Markets lowered its price target for Santander Consumer USA from $ 48.00 to $ 41.50 and established a “market performance” rating for the company in a research report released on Wednesday, August 25. Finally, Credit Suisse Group downgraded Santander Consumer USA from an “outperforming” rating to a “neutral” rating and lowered its share price target from $ 42.00 to $ 41.50 in a research report published on Tuesday, August 24. One equity research analyst rated the stock with a sell rating, nine assigned a conservation rating, and three assigned a buy rating to the company. According to MarketBeat, the company currently has an average “Hold” rating and an average target price of $ 37.73.
NYSE: SC opened at $ 41.70 on Friday. The stock has a market cap of $ 12.76 billion, a PE ratio of 4.56, a P / E / G ratio of 0.25, and a beta of 1.08. Santander Consumer USA has a one-year low of $ 19.85 and a one-year high of $ 42.39. The company has a debt to equity ratio of 5.28, a rapid ratio of 45.46 and a current ratio of 45.46. The stock has a 50-day moving average price of $ 41.55 and a 200-day moving average price of $ 38.40.
Santander Consumer USA (NYSE: SC) last released its quarterly results on Wednesday, October 27. The financial services provider reported earnings per share of $ 2.49 for the quarter, beating the consensus estimate of $ 1.92 by $ 0.57. The company posted revenue of $ 1.34 billion in the quarter, compared to analysts’ estimates of $ 1.40 billion. Santander Consumer USA reported a return on equity of 46.51% and a net margin of 34.85%. The company’s revenue for the quarter increased 5.9% from the same quarter last year. During the same period of the previous year, the company posted earnings per share of $ 1.58. As a group, analysts expect Santander Consumer USA to post earnings per share of 8.54 for the current fiscal year.
A number of institutional investors have recently bought and sold shares in the company. Carolina Wealth Advisors LLC increased its stake in Santander Consumer USA by 12.7% in the third quarter. Carolina Wealth Advisors LLC now owns 7,989 shares of the financial services provider valued at $ 333,000 after purchasing an additional 902 shares in the last quarter. PGGM Investments increased its position in shares of Santander Consumer USA by 166.2% during the third quarter. PGGM Investments now owns 285,845 shares of the financial services provider valued at $ 11,920,000 after purchasing an additional 178,477 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in Santander Consumer USA shares by 22.1% during the second quarter. Parametric Portfolio Associates LLC now owns 304,692 shares of the financial services provider valued at $ 11,066,000 after purchasing an additional 55,209 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new equity stake in Santander Consumer USA during the second quarter valued at approximately $ 434,000. Finally, Marshall Wace North America LP increased its position in Santander Consumer USA shares by 8.8% during the second quarter. Marshall Wace North America LP now owns 711,269 shares of the financial services provider valued at $ 25,833,000 after purchasing an additional 57,778 shares in the last quarter. Institutional investors hold 99.56% of the shares of the company.
About Santander Consumer USA
Santander Consumer USA Holdings, Inc provides consumer finance services. It offers retail contracts, vehicle leases, dealer loans, financial products and services related to motorcycles, automobiles and marine vehicles. The company was founded in July 2013 and is headquartered in Dallas, Texas.
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