Santander Consumer USA (SC) Stock Rating Lowered by Zacks Investment Research

Santander Consumer USA (NYSE:SC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released 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. “

SC has been the subject of several other reports. JMP Securities lifted their target price on shares of Santander Consumer USA from $16.00 to $21.00 and gave the stock an “outperform” rating in a report on Monday, October 30th. UBS Group lifted their target price 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. Jefferies Group lifted their target price on shares of Santander Consumer USA from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, October 30th. JPMorgan Chase & Co. lifted their target price on shares of Santander Consumer USA from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, October 30th. Finally, Citigroup began coverage on shares of Santander Consumer USA in a report on Tuesday, October 17th. They issued a “neutral” rating and a $16.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $17.87.

Shares of Santander Consumer USA (SC) traded up $0.11 during midday trading on Tuesday, reaching $18.62. 2,107,874 shares of the company were exchanged, compared to its average volume of 2,313,758. Santander Consumer USA has a one year low of $11.12 and a one year high of $18.80. The stock has a market cap of $6,700.00, a PE ratio of 10.01 and a beta of 1.32.

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

Several hedge funds have recently made changes to their positions in the company. Sei Investments Co. grew its stake in shares of Santander Consumer USA by 6.1% in the second quarter. Sei Investments Co. now owns 9,622 shares of the financial services provider’s stock worth $123,000 after acquiring an additional 555 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Santander Consumer USA by 7.3% in the second quarter. The Manufacturers Life Insurance Company now owns 10,577 shares of the financial services provider’s stock worth $135,000 after acquiring an additional 717 shares during the period. Prudential Financial Inc. grew its stake in shares of Santander Consumer USA by 2.2% in the second quarter. Prudential Financial Inc. now owns 89,747 shares of the financial services provider’s stock worth $1,145,000 after acquiring an additional 1,900 shares during the period. Pacer Advisors Inc. grew its stake in shares of Santander Consumer USA by 11.5% in the second quarter. Pacer Advisors Inc. now owns 20,486 shares of the financial services provider’s stock worth $261,000 after acquiring an additional 2,106 shares during the period. Finally, Rafferty Asset Management LLC grew its stake in shares of Santander Consumer USA by 14.5% in the second quarter. Rafferty Asset Management LLC now owns 21,898 shares of the financial services provider’s stock worth $279,000 after acquiring an additional 2,780 shares during the period. Hedge funds and other institutional investors own 91.44% of the company’s stock.

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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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