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 published on Saturday morning. They currently have $17.00 price objective 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. “

Other research analysts have also recently issued research reports about the stock. Jefferies Group LLC restated a buy rating and issued a $18.00 target price on shares of Santander Consumer USA Holdings in a report on Friday, June 30th. UBS AG restated a buy rating and issued a $15.00 target price (down previously from $15.50) on shares of Santander Consumer USA Holdings in a report on Wednesday, August 2nd. Sandler O’Neill restated a buy rating and issued a $18.00 target price (up previously from $16.00) on shares of Santander Consumer USA Holdings in a report on Wednesday, October 4th. Stephens restated an equal weight rating and issued a $14.00 target price on shares of Santander Consumer USA Holdings in a report on Friday, August 25th. Finally, BidaskClub upgraded shares of Santander Consumer USA Holdings from a sell rating to a hold rating in a report on Wednesday, July 12th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $16.08.

Santander Consumer USA Holdings (NYSE SC) traded up 0.40% during midday trading on Friday, hitting $15.13. 1,035,535 shares of the stock traded hands. The company has a 50-day moving average price of $14.74 and a 200 day moving average price of $13.08. Santander Consumer USA Holdings has a one year low of $10.76 and a one year high of $15.87. The stock has a market cap of $5.44 billion, a price-to-earnings ratio of 8.01 and a beta of 1.29.

Santander Consumer USA Holdings (NYSE:SC) last issued its earnings results on Friday, July 28th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.08. Santander Consumer USA Holdings had a net margin of 10.40% and a return on equity of 12.47%. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the prior year, the business posted $0.79 EPS. The company’s revenue for the quarter was down 5.6% on a year-over-year basis. Equities research analysts anticipate that Santander Consumer USA Holdings will post $1.76 earnings per share for the current year.

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Large investors have recently modified their holdings of the stock. Bank of New York Mellon Corp boosted its stake in Santander Consumer USA Holdings by 9.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 880,796 shares of the financial services provider’s stock worth $11,239,000 after purchasing an additional 78,807 shares during the period. Vanguard Group Inc. boosted its stake in Santander Consumer USA Holdings by 4.5% during the 1st quarter. Vanguard Group Inc. now owns 8,628,665 shares of the financial services provider’s stock worth $114,933,000 after purchasing an additional 370,437 shares during the period. Wells Fargo & Company MN raised its position in Santander Consumer USA Holdings by 20.4% during the 2nd quarter. Wells Fargo & Company MN now owns 1,833,205 shares of the financial services provider’s stock worth $23,392,000 after buying an additional 310,796 shares during the last quarter. Aperio Group LLC raised its position in Santander Consumer USA Holdings by 11.8% during the 2nd quarter. Aperio Group LLC now owns 140,245 shares of the financial services provider’s stock worth $1,790,000 after buying an additional 14,774 shares during the last quarter. Finally, Riverhead Capital Management LLC raised its position in Santander Consumer USA Holdings by 168.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 148,683 shares of the financial services provider’s stock worth $1,897,000 after buying an additional 93,310 shares during the last quarter. Hedge funds and other institutional investors own 91.80% of the company’s stock.

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.

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

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