Equities researchers at Oppenheimer initiated coverage on shares of Santander Consumer USA (NYSE:SC) in a report issued on Monday. The firm set a “hold” rating on the financial services provider’s stock.

A number of other equities research analysts have also recently issued reports on SC. Zacks Investment Research cut shares of Santander Consumer USA from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Citigroup began coverage on shares of Santander Consumer USA in a report on Tuesday, October 17th. They issued a “neutral” rating and a $16.00 target price on the stock. Jefferies Group upped their target price on shares of Santander Consumer USA from $18.00 to $20.00 and gave the company a “buy” rating in a report on Monday, October 30th. JMP Securities upped their target price on shares of Santander Consumer USA from $16.00 to $21.00 and gave the company an “outperform” rating in a report on Monday, October 30th. Finally, Barclays set a $15.00 target price on shares of Santander Consumer USA and gave the company a “hold” rating in a report on Monday, October 30th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $17.87.

Santander Consumer USA (NYSE:SC) traded down $0.24 during trading on Monday, hitting $18.61. 1,542,113 shares of the stock were exchanged, compared to its average volume of 1,680,000. Santander Consumer USA has a one year low of $11.12 and a one year high of $18.89. The firm has a market cap of $6,700.00, a P/E ratio of 10.01 and a beta of 1.32.

Santander Consumer USA (NYSE:SC) last posted its quarterly earnings data on Friday, October 27th. The financial services provider reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.13. Santander Consumer USA had a net margin of 10.17% and a return on equity of 11.33%. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the business posted $0.56 EPS. The company’s quarterly revenue was down 4.9% on a year-over-year basis. research analysts expect that Santander Consumer USA will post 1.89 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in the business. Sei Investments Co. raised its holdings in Santander Consumer USA 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 acquiring an additional 555 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Santander Consumer USA by 7.3% in the 2nd 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 during the period. Prudential Financial Inc. raised its holdings in Santander Consumer USA by 2.2% in the 2nd quarter. Prudential Financial Inc. now owns 89,747 shares of the financial services provider’s stock valued at $1,145,000 after acquiring an additional 1,900 shares during the period. Pacer Advisors Inc. raised its holdings in Santander Consumer USA by 11.5% in the 2nd quarter. Pacer Advisors Inc. now owns 20,486 shares of the financial services provider’s stock valued at $261,000 after acquiring an additional 2,106 shares during the period. Finally, Rafferty Asset Management LLC raised its holdings in Santander Consumer USA by 14.5% in the 2nd quarter. Rafferty Asset Management LLC now owns 21,898 shares of the financial services provider’s stock valued at $279,000 after acquiring an additional 2,780 shares during the period. 91.44% of the stock is currently owned by hedge funds and other institutional investors.

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Santander Consumer USA 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 (NYSE:SC)

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