Zacks Investment Research cut shares of Santander Consumer USA (NYSE:SC) from a hold rating to a strong sell rating in a research report released on Wednesday, Zacks.com reports.
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 commented on SC. Stephens raised shares of Santander Consumer USA from an underweight rating to an equal weight rating and set a $23.00 price objective for the company in a research note on Monday, January 6th. ValuEngine lowered shares of Santander Consumer USA from a hold rating to a sell rating in a research note on Wednesday, October 2nd. Finally, UBS Group lowered shares of Santander Consumer USA from a buy rating to a neutral rating and lifted their price objective for the stock from $22.00 to $26.00 in a research note on Monday, November 4th. Three equities research analysts have rated the stock with a sell rating and ten have given a hold rating to the company. The company presently has an average rating of Hold and an average target price of $25.00.
NYSE SC opened at $23.11 on Wednesday. The company has a fifty day moving average of $23.29 and a two-hundred day moving average of $24.99. The firm has a market capitalization of $7.84 billion, a price-to-earnings ratio of 8.51, a PEG ratio of 1.63 and a beta of 0.99. Santander Consumer USA has a 52 week low of $17.68 and a 52 week high of $27.75.
Santander Consumer USA (NYSE:SC) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.67 EPS for the quarter, hitting the consensus estimate of $0.67. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.19 billion. Santander Consumer USA had a net margin of 12.33% and a return on equity of 13.20%. Santander Consumer USA’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.64 earnings per share. As a group, research analysts anticipate that Santander Consumer USA will post 2.83 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of the company. NewSquare Capital LLC bought a new stake in shares of Santander Consumer USA in the second quarter valued at about $43,000. Royal Bank of Canada raised its stake in shares of Santander Consumer USA by 53.3% during the 2nd quarter. Royal Bank of Canada now owns 3,701 shares of the financial services provider’s stock worth $89,000 after buying an additional 1,287 shares during the period. Coastal Investment Advisors Inc. raised its stake in shares of Santander Consumer USA by 957.5% during the 3rd quarter. Coastal Investment Advisors Inc. now owns 4,230 shares of the financial services provider’s stock worth $108,000 after buying an additional 3,830 shares during the period. Tower Research Capital LLC TRC acquired a new position in shares of Santander Consumer USA during the 3rd quarter worth approximately $116,000. Finally, Prestige Wealth Management Group LLC acquired a new position in shares of Santander Consumer USA during the 2nd quarter worth approximately $126,000.
Santander Consumer USA Company Profile
Santander Consumer USA Holdings Inc, a specialized consumer finance company, provides vehicle finance and third-party servicing in the United States. Its products and services include retail installment contracts and vehicle leases, as well as dealer loans for inventory, construction, real estate, working capital, and revolving lines of credit.
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