Oppenheimer began coverage on shares of Santander Consumer USA (NYSE:SC) in a report released on Monday morning. The brokerage issued a hold rating on the financial services provider’s stock.

Other equities analysts have also recently issued reports about the company. Jefferies Group lifted their price objective on Santander Consumer USA from $18.00 to $20.00 and gave the company a buy rating in a report on Monday, October 30th. JPMorgan Chase & Co. boosted their price target on Santander Consumer USA from $15.00 to $16.00 and gave the stock a neutral rating in a report on Monday, October 30th. Citigroup boosted their price target on Santander Consumer USA from $16.00 to $17.00 and gave the stock a neutral rating in a report on Monday, October 30th. Goldman Sachs Group began coverage on Santander Consumer USA in a report on Monday, December 4th. They set a buy rating and a $21.00 price target for the company. Finally, Barclays set a $15.00 price target on Santander Consumer USA and gave the stock a hold rating in a report on Monday, October 30th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Santander Consumer USA has an average rating of Buy and an average price target of $17.87.

Shares of Santander Consumer USA (NYSE:SC) traded down $0.18 during midday trading on Monday, reaching $18.43. The company’s stock had a trading volume of 1,777,606 shares, compared to its average volume of 2,026,150. The firm has a market cap of $6,630.00, a PE ratio of 9.91 and a beta of 1.32. Santander Consumer USA has a 52-week low of $11.12 and a 52-week high of $18.89.

Santander Consumer USA (NYSE:SC) last announced its quarterly earnings data on Friday, October 27th. The financial services provider reported $0.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.13. The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Santander Consumer USA had a return on equity of 11.33% and a net margin of 10.17%. The company’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.56 EPS. equities analysts anticipate that Santander Consumer USA will post 1.89 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of SC. Dimensional Fund Advisors LP grew its position in Santander Consumer USA by 28.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,420,715 shares of the financial services provider’s stock worth $56,411,000 after acquiring an additional 966,516 shares during the last quarter. Rubric Capital Management LP bought a new stake in Santander Consumer USA during the 3rd quarter worth $13,953,000. Vanguard Group Inc. grew its position in Santander Consumer USA by 4.7% during the 2nd quarter. Vanguard Group Inc. now owns 9,032,559 shares of the financial services provider’s stock worth $115,256,000 after acquiring an additional 403,894 shares during the last quarter. Kingdon Capital Management L.L.C. bought a new stake in Santander Consumer USA during the 2nd quarter worth $5,151,000. Finally, Harbor Spring Capital LLC grew its position in Santander Consumer USA by 12.9% during the 2nd quarter. Harbor Spring Capital LLC now owns 3,363,110 shares of the financial services provider’s stock worth $42,913,000 after acquiring an additional 384,110 shares during the last quarter. 91.44% of the stock is owned by institutional investors.

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Santander Consumer USA 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 (NYSE:SC)

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