Zacks Investment Research upgraded shares of Santander Consumer USA (NYSE:SC) from a sell rating to a hold rating in a research note released on Saturday morning.

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 analysts have also recently commented on the stock. Goldman Sachs Group started coverage on shares of Santander Consumer USA in a report on Monday, December 4th. They set a buy rating and a $21.00 target price on the stock. Barclays set a $18.00 target price on shares of Santander Consumer USA and gave the stock a hold rating in a report on Tuesday, December 12th. JPMorgan Chase & Co. lifted their price objective on shares of Santander Consumer USA from $15.00 to $16.00 and gave the company a neutral rating in a research note on Monday, October 30th. Citigroup lifted their price objective on shares of Santander Consumer USA from $16.00 to $17.00 and gave the company a neutral rating in a research note on Monday, October 30th. Finally, BTIG Research lifted their price objective on shares of Santander Consumer USA to $21.00 and gave the company a buy rating in a research note on Monday, December 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $17.87.

Santander Consumer USA (NYSE:SC) opened at $18.20 on Friday. Santander Consumer USA has a fifty-two week low of $11.12 and a fifty-two week high of $19.02. The company has a market cap of $6,763.40, a P/E ratio of 9.78, a PEG ratio of 4.64 and a beta of 1.33.

Santander Consumer USA (NYSE:SC) last announced its earnings results on Friday, October 27th. The financial services provider reported $0.48 EPS for the quarter, topping the Thomson Reuters’ 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 for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period last year, the firm earned $0.56 earnings per share. The business’s revenue for the quarter was down 4.9% on a year-over-year basis. equities analysts predict that Santander Consumer USA will post 1.93 EPS for the current fiscal year.

Institutional investors have recently modified their holdings of the business. Crow Point Partners LLC boosted its position in Santander Consumer USA by 59.8% in the fourth quarter. Crow Point Partners LLC now owns 9,348 shares of the financial services provider’s stock valued at $174,000 after buying an additional 3,500 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Santander Consumer USA 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 buying an additional 717 shares in the last quarter. Federated Investors Inc. PA boosted its position in Santander Consumer USA 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 buying an additional 6,665 shares in the last quarter. OxFORD Asset Management LLP acquired a new stake in Santander Consumer USA in the third quarter valued at approximately $190,000. Finally, Convergence Investment Partners LLC acquired a new stake in Santander Consumer USA in the third quarter valued at approximately $200,000. Hedge funds and other institutional investors own 91.44% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This piece of content was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of United States and international copyright and trademark law. The original version of this piece of content can be accessed at https://www.thecerbatgem.com/2018/01/17/santander-consumer-usa-sc-upgraded-by-zacks-investment-research-to-hold.html.

About Santander Consumer USA

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 (SC)

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

Analyst Recommendations for Santander Consumer USA (NYSE:SC)

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