Santander Consumer USA (NYSE: SC) Moves to Strong Buy at Zacks Investment Research
Santander Consumer USA (NYSE: SC) has been improved by Zacks investment research from a “keep” note to a “strong buy” note in a research note issued to investors on Tuesday, Zacks.com reports. The company currently has a target price of $ 48.00 on shares of the financial services provider. Zacks investment researchThe price target for s would suggest a potential rise of 15.63% from the stock’s previous close.
According to Zacks, “Santander Consumer USA Holdings Inc. is a technology-driven consumer finance company focused on vehicle finance and unsecured consumer loan products. The Company’s vehicle finance products and services include consumer vehicle loans, vehicle leases and auto dealer loans. Santander Consumer USA Holdings Inc. is headquartered in Dallas, Texas. “
Other equity research analysts have also published reports on the stock. Stephens raised his price target for Santander Consumer USA shares from $ 40.00 to $ 41.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 29. BMO Capital Markets lowered its price target on Santander Consumer USA shares from $ 48.00 to $ 41.50 and established a “market performance” rating on the stock in a research note on Wednesday 25 August. Deutsche Bank Aktiengesellschaft downgraded Santander Consumer USA shares from a “buy” rating to a “keep” rating and raised its share price target from $ 39.00 to $ 41.00 in a research note on Thursday, July 29. Barclays raised its price target for Santander Consumer USA shares from $ 32.00 to $ 39.00 and gave the company an “equal weight” rating in a research note on Friday, July 9. Finally, Morgan Stanley raised its price target for Santander Consumer USA shares from $ 39.00 to $ 41.50 and gave the company an “equal weight” rating in a Friday September 3 research note. One equity research analyst gave the stock a sell rating, nine assigned a conservation rating, two assigned a buy rating, and one gave the company a high buy rating. According to MarketBeat data, the stock currently has an average rating of “Hold” and an average price target of $ 37.65.
Santander Consumer USA shares open for $ 41.51 Tuesday. The stock has a market cap of $ 12.71 billion, a P / E ratio of 4.54, a price / earnings-growth ratio of 0.25, and a beta of 1.11. The company has a fifty-day simple moving average of $ 41.17 and a 200-day simple moving average of $ 35.58. Santander Consumer USA has a 12-month low of $ 16.03 and a 12-month high of $ 42.39. The company has a current ratio of 45.46, a rapid ratio of 45.46 and a debt ratio of 5.28.
Santander Consumer USA (NYSE: SC) last released its quarterly results on Wednesday, July 28. The financial services provider reported earnings per share (EPS) of $ 3.45 for the quarter, beating the consensus estimate of $ 1.92 by Thomson Reuters by $ 1.53. The company posted revenue of $ 1.94 billion in the quarter, compared to analysts’ expectations of $ 1.99 billion. Santander Consumer USA had a net margin of 34.85% and a return on equity of 46.51%. As a group, sell-side analysts predict that Santander Consumer USA will post 8.54 earnings per share for the current fiscal year.
Institutional investors have recently changed their holdings in the company. Denali Advisors LLC increased its holdings in Santander Consumer USA by 24.8% in the second quarter. Denali Advisors LLC now owns 1,509 shares of the financial services provider valued at $ 55,000 after purchasing an additional 300 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Santander Consumer USA by 0.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 43,498 shares of the financial services provider valued at $ 1,177,000 after purchasing an additional 406 shares in the last quarter. PDT Partners LLC increased its stake in Santander Consumer USA by 0.6% during the second quarter. PDT Partners LLC now owns 123,339 shares of the financial services provider valued at $ 4,480,000 after purchasing an additional 714 shares in the last quarter. Bank of America Corp DE increased its holdings in Santander Consumer USA by 0.4% in the second quarter. Bank of America Corp DE now owns 196,046 shares of the financial services provider valued at $ 7,120,000 after purchasing an additional 724 shares in the last quarter. Finally, Exchange Traded Concepts LLC acquired a new stake in Santander Consumer USA during the second quarter for a value of approximately $ 29,000. Institutional investors and hedge funds hold 99.56% of the company’s shares.
Santander Consumer USA Company Profile
Santander Consumer USA Holdings, Inc provides consumer finance services. It offers retail contracts, vehicle leases, dealer loans, financial products and services related to motorcycles, automobiles and marine vehicles. The company was founded in July 2013 and is headquartered in Dallas, Texas.
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