Santander Consumer USA (NYSE:SC) was upgraded by Zacks Investment Research from a "sell" rating to a "hold" rating in a research report issued on Tuesday, 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. "
Other analysts also recently issued reports about the company. JMP Securities raised their price objective on Santander Consumer USA from $19.00 to $22.00 and gave the stock a "market outperform" rating in a research report on Thursday, April 30th. ValuEngine raised Santander Consumer USA from a "sell" rating to a "hold" rating in a research report on Tuesday, May 26th. Piper Sandler raised their price objective on Santander Consumer USA from $16.00 to $19.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 17th. Barclays downgraded Santander Consumer USA from an "equal weight" rating to an "underweight" rating and set a $13.00 price objective for the company. in a research report on Tuesday, March 17th. Finally, UBS Group lifted their target price on Santander Consumer USA from $16.00 to $20.00 and gave the company a "neutral" rating in a research report on Monday, June 22nd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company. The company presently has an average rating of "Hold" and a consensus target price of $22.78.
NYSE SC opened at $18.85 on Tuesday. Santander Consumer USA has a 52 week low of $9.74 and a 52 week high of $27.75. The company has a quick ratio of 63.41, a current ratio of 63.41 and a debt-to-equity ratio of 7.82. The business's fifty day simple moving average is $17.61 and its 200-day simple moving average is $19.81. The firm has a market cap of $5.87 billion, a PE ratio of 8.81 and a beta of 1.25.
Santander Consumer USA (NYSE:SC) last issued its quarterly earnings data on Tuesday, April 28th. The financial services provider reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.74 by ($0.75). The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.18 billion. Santander Consumer USA had a return on equity of 10.95% and a net margin of 9.32%. The firm's revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.70 earnings per share. Research analysts expect that Santander Consumer USA will post -0.05 EPS for the current year.
In related news, CEO Mahesh Aditya acquired 5,000 shares of the firm's stock in a transaction dated Friday, May 1st. The stock was acquired at an average price of $14.96 per share, for a total transaction of $74,800.00. Following the purchase, the chief executive officer now owns 5,000 shares of the company's stock, valued at approximately $74,800. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.10% of the company's stock.
A number of hedge funds have recently bought and sold shares of SC. Meeder Asset Management Inc. lifted its stake in Santander Consumer USA by 4,516.7% during the first quarter. Meeder Asset Management Inc. now owns 1,939 shares of the financial services provider's stock worth $28,000 after purchasing an additional 1,897 shares during the last quarter. Advisor Group Holdings Inc. purchased a new stake in Santander Consumer USA during the first quarter worth approximately $30,000. Pearl River Capital LLC purchased a new stake in Santander Consumer USA during the first quarter worth approximately $54,000. US Bancorp DE lifted its stake in Santander Consumer USA by 99.5% during the first quarter. US Bancorp DE now owns 5,536 shares of the financial services provider's stock worth $77,000 after purchasing an additional 2,761 shares during the last quarter. Finally, Dupont Capital Management Corp purchased a new stake in Santander Consumer USA during the first quarter worth approximately $144,000.
About Santander Consumer USA
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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