Zacks Investment Research upgraded shares of Santander Consumer USA (NYSE:SC) from a sell rating to a hold rating in a research report released 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. “

Other analysts have also issued reports about the stock. Sandler O’Neill reiterated a buy rating and issued a $18.00 price target (up from $16.00) on shares of Santander Consumer USA in a research note on Wednesday, October 4th. UBS Group lifted their price target on shares of Santander Consumer USA from $15.00 to $18.00 and gave the stock a buy rating in a research note on Monday, October 30th. Jefferies Group lifted their price target on shares of Santander Consumer USA from $18.00 to $20.00 and gave the stock a buy rating in a research note on Monday, October 30th. Goldman Sachs Group started coverage on shares of Santander Consumer USA in a research note on Monday, December 4th. They issued a buy rating and a $21.00 price target for the company. Finally, BTIG Research lifted their price target on shares of Santander Consumer USA to $21.00 and gave the stock a buy rating in a research note on Monday, December 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $17.87.

Shares of Santander Consumer USA (SC) opened at $18.79 on Friday. Santander Consumer USA has a 12 month low of $11.12 and a 12 month high of $19.02. The company has a market cap of $6,760.00, a P/E ratio of 10.10, a PEG ratio of 4.64 and a beta of 1.32.

Santander Consumer USA (NYSE:SC) last announced its quarterly earnings results on Friday, October 27th. The financial services provider reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.13. Santander Consumer USA had a net margin of 10.17% and a return on equity of 11.33%. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the business posted $0.56 earnings per share. The business’s revenue for the quarter was down 4.9% on a year-over-year basis. equities analysts expect that Santander Consumer USA will post 1.93 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in SC. Dimensional Fund Advisors LP grew its position in Santander Consumer USA by 28.0% during the second quarter. Dimensional Fund Advisors LP now owns 4,420,715 shares of the financial services provider’s stock valued at $56,411,000 after buying an additional 966,516 shares during the period. Rubric Capital Management LP bought a new stake in Santander Consumer USA during the third quarter valued at approximately $13,953,000. Vanguard Group Inc. grew its position in Santander Consumer USA by 4.7% during the second quarter. Vanguard Group Inc. now owns 9,032,559 shares of the financial services provider’s stock valued at $115,256,000 after buying an additional 403,894 shares during the period. Kingdon Capital Management L.L.C. bought a new stake in Santander Consumer USA during the second quarter valued at approximately $5,151,000. Finally, Harbor Spring Capital LLC grew its position in Santander Consumer USA by 12.9% during the second quarter. Harbor Spring Capital LLC now owns 3,363,110 shares of the financial services provider’s stock valued at $42,913,000 after buying an additional 384,110 shares during the period. Institutional investors 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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