Santander Consumer USA Holdings Inc. (NYSE:SC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

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 equities research analysts also recently commented on the stock. BMO Capital Markets lifted their price target on shares of Santander Consumer USA Holdings from $14.00 to $18.00 and gave the stock an “outperform” rating in a report on Wednesday, September 13th. Susquehanna Bancshares Inc upgraded shares of Santander Consumer USA Holdings from a “neutral” rating to a “positive” rating in a report on Tuesday, September 5th. ValuEngine upgraded shares of Santander Consumer USA Holdings from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Piper Jaffray Companies upgraded shares of Santander Consumer USA Holdings from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $14.00 to $17.00 in a report on Wednesday, August 30th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $18.00 price target on shares of Santander Consumer USA Holdings in a report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Santander Consumer USA Holdings has a consensus rating of “Buy” and a consensus price target of $16.08.

Santander Consumer USA Holdings (NYSE SC) opened at 15.61 on Wednesday. The firm has a 50-day moving average of $14.32 and a 200 day moving average of $12.99. The firm has a market capitalization of $5.61 billion, a price-to-earnings ratio of 8.26 and a beta of 1.29. Santander Consumer USA Holdings has a 12-month low of $10.76 and a 12-month high of $15.82.

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, topping analysts’ consensus estimates of $0.62 by $0.08. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.07 billion. Santander Consumer USA Holdings had a net margin of 10.40% and a return on equity of 12.47%. The company’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.79 earnings per share. On average, equities analysts predict that Santander Consumer USA Holdings will post $1.74 EPS for the current year.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ardsley Advisory Partners boosted its position in shares of Santander Consumer USA Holdings by 2.5% in the second quarter. Ardsley Advisory Partners now owns 410,000 shares of the financial services provider’s stock worth $5,234,000 after acquiring an additional 10,000 shares during the last quarter. Proxima Capital Management LLC boosted its position in shares of Santander Consumer USA Holdings by 15.9% in the second quarter. Proxima Capital Management LLC now owns 400,000 shares of the financial services provider’s stock worth $5,104,000 after acquiring an additional 55,000 shares during the last quarter. California State Teachers Retirement System boosted its position in shares of Santander Consumer USA Holdings by 26.1% in the second quarter. California State Teachers Retirement System now owns 272,363 shares of the financial services provider’s stock worth $3,475,000 after acquiring an additional 56,451 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Santander Consumer USA Holdings by 7.3% during the second quarter. The Manufacturers Life Insurance Company now owns 10,577 shares of the financial services provider’s stock valued at $135,000 after buying an additional 717 shares in the last quarter. Finally, Canyon Capital Advisors LLC lifted its position in Santander Consumer USA Holdings by 13.6% during the second quarter. Canyon Capital Advisors LLC now owns 3,057,332 shares of the financial services provider’s stock valued at $39,012,000 after buying an additional 367,102 shares in the last quarter. 91.80% of the stock is currently owned by institutional investors and hedge funds.

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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