Santander Consumer USA Holdings Inc (NYSE:SC) has been assigned an average rating of “Buy” from the eighteen ratings firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $18.08.
Several research firms have recently commented on SC. Zacks Investment Research raised Santander Consumer USA from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Saturday, October 14th. Sandler O’Neill reissued a “buy” rating and issued a $18.00 price objective (up previously from $16.00) on shares of Santander Consumer USA in a report on Wednesday, October 4th. UBS Group increased their price objective on Santander Consumer USA from $15.00 to $18.00 and gave the company a “buy” rating in a report on Monday, October 30th. Barclays set a $18.00 price objective on Santander Consumer USA and gave the company a “hold” rating in a report on Tuesday, December 12th. Finally, BMO Capital Markets increased their price objective on Santander Consumer USA from $14.00 to $18.00 and gave the company an “outperform” rating in a report on Wednesday, September 13th.
A number of institutional investors have recently made changes to their positions in SC. Dimensional Fund Advisors LP lifted its holdings 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 valued at $56,411,000 after purchasing an additional 966,516 shares during the last quarter. Rubric Capital Management LP acquired a new stake in Santander Consumer USA during the 3rd quarter valued at $13,953,000. Vanguard Group Inc. lifted its holdings 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 valued at $115,256,000 after purchasing an additional 403,894 shares during the last quarter. Kingdon Capital Management L.L.C. acquired a new stake in Santander Consumer USA during the 2nd quarter valued at $5,151,000. Finally, Harbor Spring Capital LLC lifted its holdings 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 valued at $42,913,000 after purchasing an additional 384,110 shares during the last quarter. 91.44% of the stock is owned by institutional investors and hedge funds.
Santander Consumer USA (NYSE:SC) last issued its quarterly earnings results on Friday, October 27th. The financial services provider reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.13. The company 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 quarterly revenue was down 4.9% on a year-over-year basis. During the same period last year, the business earned $0.56 EPS. analysts anticipate that Santander Consumer USA will post 1.89 earnings per share for the current fiscal year.
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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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