Zacks Investment Research upgraded shares of Santander Consumer USA Holdings Inc. (NYSE:SC) from a hold rating to a buy rating in a research note issued to investors on Tuesday. The firm currently has $17.00 price target on the financial services provider’s stock.

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 research firms have also recently weighed in on SC. ValuEngine upgraded Santander Consumer USA Holdings from a buy rating to a strong-buy rating in a report on Friday, September 1st. Susquehanna Bancshares Inc upgraded Santander Consumer USA Holdings from a neutral rating to a positive rating in a report on Tuesday, September 5th. BMO Capital Markets lifted their price objective on Santander Consumer USA Holdings from $14.00 to $18.00 and gave the company an outperform rating in a report on Wednesday, September 13th. Jefferies Group LLC reiterated a buy rating and set a $18.00 price objective on shares of Santander Consumer USA Holdings in a report on Friday, August 25th. Finally, Stephens reiterated an equal weight rating and set a $14.00 price objective on shares of Santander Consumer USA Holdings in a report on Friday, August 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Santander Consumer USA Holdings currently has an average rating of Buy and an average target price of $16.08.

Santander Consumer USA Holdings (SC) opened at 15.61 on Tuesday. The firm has a market cap of $5.61 billion, a P/E ratio of 8.26 and a beta of 1.29. The stock has a 50 day moving average price of $14.32 and a 200-day moving average price of $12.99. Santander Consumer USA Holdings has a one year low of $10.76 and a one year high of $15.82.

Santander Consumer USA Holdings (NYSE:SC) last released its quarterly earnings data on Friday, July 28th. The financial services provider reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.08. Santander Consumer USA Holdings had a return on equity of 12.47% and a net margin of 10.40%. The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the previous year, the business posted $0.79 EPS. Santander Consumer USA Holdings’s revenue for the quarter was down 5.6% on a year-over-year basis. Analysts predict that Santander Consumer USA Holdings will post $1.74 EPS for the current fiscal year.

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Institutional investors have recently made changes to their positions in the stock. Sei Investments Co. raised its position in Santander Consumer USA Holdings by 6.1% in the 2nd quarter. Sei Investments Co. now owns 9,622 shares of the financial services provider’s stock valued at $123,000 after buying an additional 555 shares during the last quarter. Meeder Asset Management Inc. increased its position in shares of Santander Consumer USA Holdings by 40.3% during the 1st quarter. Meeder Asset Management Inc. now owns 9,744 shares of the financial services provider’s stock worth $129,000 after purchasing an additional 2,800 shares during the last quarter. TD Asset Management Inc. acquired a new position in shares of Santander Consumer USA Holdings during the 2nd quarter worth approximately $133,000. The Manufacturers Life Insurance Company increased its position in shares of Santander Consumer USA Holdings by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,577 shares of the financial services provider’s stock worth $135,000 after purchasing an additional 717 shares during the last quarter. Finally, Federated Investors Inc. PA increased its position in shares of Santander Consumer USA Holdings by 134.9% during the 2nd quarter. Federated Investors Inc. PA now owns 11,605 shares of the financial services provider’s stock worth $148,000 after purchasing an additional 6,665 shares during the last quarter. 91.80% of the stock is currently owned by institutional investors and hedge funds.

Santander Consumer USA Holdings 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.

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

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