Santander Consumer USA Holdings Inc. (NYSE:SC) was upgraded by equities research analysts at Piper Jaffray Companies from a “neutral” rating to an “overweight” rating in a note issued to investors on Wednesday. The brokerage presently has a $17.00 price objective on the financial services provider’s stock, up from their prior price objective of $14.00. Piper Jaffray Companies’ price target would suggest a potential upside of 23.28% from the stock’s previous close.

SC has been the subject of several other reports. Jefferies Group LLC reissued a “buy” rating and set a $18.00 price target on shares of Santander Consumer USA Holdings in a research report on Friday, August 25th. Zacks Investment Research cut Santander Consumer USA Holdings from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 3rd. Stephens reaffirmed an “equal weight” rating and issued a $14.00 price objective on shares of Santander Consumer USA Holdings in a research report on Friday, August 25th. BidaskClub upgraded Santander Consumer USA Holdings from a “strong sell” rating to a “sell” rating in a research note on Thursday, June 29th. Finally, JMP Securities upgraded Santander Consumer USA Holdings from a “market perform” rating to an “outperform” rating and set a $16.00 target price on the stock in a research note on Tuesday, July 18th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Santander Consumer USA Holdings currently has an average rating of “Hold” and a consensus price target of $14.92.

Shares of Santander Consumer USA Holdings (NYSE:SC) opened at 13.79 on Wednesday. The company’s 50-day moving average is $13.16 and its 200-day moving average is $12.95. Santander Consumer USA Holdings has a 52-week low of $10.57 and a 52-week high of $15.47. The firm has a market cap of $4.96 billion, a P/E ratio of 7.30 and a beta of 1.29.

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

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In other news, CFO Ismail Dawood acquired 5,000 shares of the business’s stock in a transaction that occurred on Thursday, June 29th. The shares were bought at an average price of $12.94 per share, with a total value of $64,700.00. Following the acquisition, the chief financial officer now directly owns 127,609 shares in the company, valued at approximately $1,651,260.46. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.36% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of SC. Credit Suisse AG raised its stake in shares of Santander Consumer USA Holdings by 150.7% in the first quarter. Credit Suisse AG now owns 8,670,592 shares of the financial services provider’s stock worth $115,492,000 after buying an additional 5,212,423 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Santander Consumer USA Holdings by 28.0% in the second quarter. Dimensional Fund Advisors LP now owns 4,420,715 shares of the financial services provider’s stock worth $56,411,000 after buying an additional 966,516 shares during the last quarter. Point72 Asset Management L.P. raised its stake in shares of Santander Consumer USA Holdings by 57.4% in the first quarter. Point72 Asset Management L.P. now owns 2,370,000 shares of the financial services provider’s stock worth $31,568,000 after buying an additional 864,608 shares during the last quarter. Marshall Wace North America L.P. purchased a new stake in shares of Santander Consumer USA Holdings during the second quarter worth approximately $9,178,000. Finally, ALGEBRIS UK Ltd purchased a new stake in shares of Santander Consumer USA Holdings during the second quarter worth approximately $8,639,000. 91.71% of the stock is owned by hedge funds and other institutional investors.

About Santander Consumer USA Holdings

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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