Santander Consumer USA Holdings Inc. (SC) Stock Rating Upgraded by Zacks Investment Research

Santander Consumer USA Holdings Inc. (NYSE:SC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, September 6th.

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 SC. Jefferies Group LLC restated a “buy” rating and set a $18.00 price target on shares of Santander Consumer USA Holdings in a report on Friday, May 12th. Piper Jaffray Companies assumed coverage on shares of Santander Consumer USA Holdings in a research report on Friday, June 9th. They issued a “neutral” rating and a $13.50 price target for the company. ValuEngine upgraded shares of Santander Consumer USA Holdings from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 28th. BidaskClub upgraded shares of Santander Consumer USA Holdings from a “strong sell” rating to a “sell” rating in a report on Thursday, June 29th. Finally, JMP Securities upgraded shares of Santander Consumer USA Holdings from a “market perform” rating to an “outperform” rating and set a $16.00 price target on the stock in a research note on Tuesday, July 18th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $15.26.

Shares of Santander Consumer USA Holdings (NYSE:SC) traded up 0.92% on Wednesday, hitting $14.23. The company’s stock had a trading volume of 2,061,700 shares. The stock has a 50-day moving average price of $13.50 and a 200 day moving average price of $12.93. The firm has a market cap of $5.12 billion, a price-to-earnings ratio of 7.53 and a beta of 1.27. Santander Consumer USA Holdings has a one year low of $10.57 and a one year high of $15.47.

Santander Consumer USA Holdings (NYSE:SC) last released its quarterly earnings data on Friday, July 28th. The financial services provider reported $0.70 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.08. The company 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%. Santander Consumer USA Holdings’s quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.79 EPS. Equities research analysts predict that Santander Consumer USA Holdings will post $1.74 EPS for the current year.

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In other Santander Consumer USA Holdings news, CFO Ismail Dawood acquired 5,000 shares of the company’s stock in a transaction on Thursday, June 29th. The shares were bought at an average cost of $12.94 per share, for a total transaction of $64,700.00. Following the completion of the purchase, the chief financial officer now owns 127,609 shares in the company, valued at approximately $1,651,260.46. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.36% of the company’s stock.

Large investors have recently modified their holdings of the company. Sei Investments Co. boosted its holdings in shares of Santander Consumer USA Holdings by 6.1% in the second quarter. Sei Investments Co. now owns 9,622 shares of the financial services provider’s stock valued at $123,000 after acquiring an additional 555 shares in the last quarter. Meeder Asset Management Inc. boosted its holdings in shares of 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 valued at $129,000 after acquiring an additional 2,800 shares in the last quarter. TD Asset Management Inc. purchased a new stake in shares of Santander Consumer USA Holdings in the second quarter valued at about $133,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Santander Consumer USA Holdings by 7.3% in 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 acquiring an additional 717 shares in the last quarter. Finally, Federated Investors Inc. PA boosted its holdings in shares of Santander Consumer USA Holdings by 134.9% in the second quarter. Federated Investors Inc. PA now owns 11,605 shares of the financial services provider’s stock valued at $148,000 after acquiring an additional 6,665 shares in the last quarter. 91.71% 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.

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

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