Santander Consumer USA Holdings Inc. (SC) Rating Increased to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Santander Consumer USA Holdings Inc. (NYSE:SC) from a sell rating to a hold rating in a report published on Tuesday, July 11th.

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. “

Several other analysts also recently commented on the stock. Jefferies Group LLC reissued a buy rating and set a $18.00 price objective on shares of Santander Consumer USA Holdings in a research report on Friday, June 30th. BidaskClub upgraded shares of Santander Consumer USA Holdings from a strong sell rating to a sell rating in a research note on Thursday, June 29th. ValuEngine upgraded shares of Santander Consumer USA Holdings from a buy rating to a strong-buy rating in a research note on Wednesday, June 28th. Piper Jaffray Companies initiated coverage on shares of Santander Consumer USA Holdings in a research note on Friday, June 9th. They set a neutral rating and a $13.50 target price on the stock. Finally, Compass Point upgraded shares of Santander Consumer USA Holdings from a neutral rating to a buy rating and upped their target price for the company from $13.50 to $16.00 in a research note on Thursday, April 27th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $14.66.

Santander Consumer USA Holdings (NYSE:SC) opened at 12.96 on Tuesday. The company has a market cap of $4.66 billion, a PE ratio of 6.86 and a beta of 1.29. The firm’s 50-day moving average is $12.65 and its 200-day moving average is $13.01. Santander Consumer USA Holdings has a 52 week low of $10.57 and a 52 week high of $15.47.

Santander Consumer USA Holdings (NYSE:SC) last announced its quarterly earnings data on Friday, July 28th. The financial services provider reported $0.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.08. Santander Consumer USA Holdings had a net margin of 10.73% and a return on equity of 13.59%. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the prior year, the firm posted $0.79 EPS. Santander Consumer USA Holdings’s revenue for the quarter was down 5.6% on a year-over-year basis. On average, analysts expect that Santander Consumer USA Holdings will post $1.83 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This story was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this story on another site, it was illegally copied and reposted in violation of international copyright laws. The original version of this story can be viewed at https://www.thecerbatgem.com/2017/07/30/santander-consumer-usa-holdings-inc-sc-upgraded-to-hold-by-zacks-investment-research-updated-updated.html.

In other Santander Consumer USA Holdings news, COO Richard Morrin sold 9,791 shares of the stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $12.52, for a total transaction of $122,583.32. Following the completion of the sale, the chief operating officer now directly owns 80,663 shares of the company’s stock, valued at approximately $1,009,900.76. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Ismail Dawood bought 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The stock was acquired at an average cost of $12.29 per share, with a total value of $61,450.00. Following the completion of the acquisition, the chief financial officer now owns 117,609 shares of the company’s stock, valued at approximately $1,445,414.61. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 15,000 shares of company stock valued at $182,400. Insiders own 0.36% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Meeder Asset Management Inc. raised its position in Santander Consumer USA Holdings by 40.3% in the first quarter. Meeder Asset Management Inc. now owns 9,744 shares of the financial services provider’s stock worth $129,000 after buying an additional 2,800 shares during the period. Amalgamated Bank raised its position in Santander Consumer USA Holdings by 3.4% in the first quarter. Amalgamated Bank now owns 15,158 shares of the financial services provider’s stock worth $202,000 after buying an additional 496 shares during the period. Quantitative Systematic Strategies LLC acquired a new position in Santander Consumer USA Holdings during the second quarter worth $231,000. Pacer Advisors Inc. raised its position in Santander Consumer USA Holdings by 19.1% in the first quarter. Pacer Advisors Inc. now owns 18,380 shares of the financial services provider’s stock worth $245,000 after buying an additional 2,942 shares during the period. Finally, Gotham Asset Management LLC raised its position in Santander Consumer USA Holdings by 9.4% in the first quarter. Gotham Asset Management LLC now owns 18,701 shares of the financial services provider’s stock valued at $249,000 after buying an additional 1,603 shares during the last quarter. 93.09% of the stock is owned by hedge funds and other institutional investors.

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.

Get a free copy of the Zacks research report on Santander Consumer USA Holdings (SC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Santander Consumer USA Holdings (NYSE:SC)

Receive News & Stock Ratings for Santander Consumer USA Holdings Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Santander Consumer USA Holdings Inc. and related stocks with our FREE daily email newsletter.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

18 − 18 =