Zacks Investment Research Lowers Santander Consumer USA (SC) to Sell
Zacks Investment Research cut shares of Santander Consumer USA (NYSE:SC) from a hold rating to a sell rating in a report issued on Tuesday.
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 analysts also recently issued reports on the stock. Barclays set a $18.00 price target on shares of Santander Consumer USA and gave the stock a hold rating in a report on Tuesday, December 12th. Goldman Sachs Group began coverage on shares of Santander Consumer USA in a report on Monday, December 4th. They set a buy rating and a $21.00 price target on the stock. BTIG Research increased their price target on shares of Santander Consumer USA to $21.00 and gave the stock a buy rating in a report on Monday, December 4th. UBS Group increased their price target on shares of Santander Consumer USA from $15.00 to $18.00 and gave the stock a buy rating in a report on Monday, October 30th. Finally, Citigroup increased their price target on shares of Santander Consumer USA from $16.00 to $17.00 and gave the stock a neutral rating in a report on Monday, October 30th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Santander Consumer USA currently has a consensus rating of Buy and an average target price of $17.87.
Shares of Santander Consumer USA (NYSE SC) opened at $18.85 on Tuesday. Santander Consumer USA has a twelve month low of $11.12 and a twelve month high of $18.89. The stock has a market cap of $6,740.00, a price-to-earnings ratio of 10.13 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 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the firm posted $0.56 earnings per share. The firm’s quarterly revenue was down 4.9% compared to the same quarter last year. analysts anticipate that Santander Consumer USA will post 1.89 EPS for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the business. Sei Investments Co. lifted its holdings in Santander Consumer USA by 6.1% during the second quarter. Sei Investments Co. now owns 9,622 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 555 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Santander Consumer USA 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 purchasing an additional 717 shares in the last quarter. Federated Investors Inc. PA lifted its holdings in Santander Consumer USA by 134.9% during the second quarter. Federated Investors Inc. PA now owns 11,605 shares of the financial services provider’s stock valued at $148,000 after purchasing an additional 6,665 shares in the last quarter. Numeric Investors LLC purchased a new position in Santander Consumer USA during the second quarter valued at $189,000. Finally, OxFORD Asset Management LLP purchased a new position in Santander Consumer USA during the third quarter valued at $190,000. 91.44% of the stock is currently owned by institutional investors and hedge funds.
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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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