Santander Consumer USA (SC) Upgraded at Janney Montgomery Scott

Santander Consumer USA (NYSE:SC) was upgraded by equities researchers at Janney Montgomery Scott from a “neutral” rating to a “buy” rating in a research note issued to investors on Friday.

Several other brokerages also recently weighed in on SC. UBS Group started coverage on Santander Consumer USA in a report on Wednesday, March 28th. They issued a “neutral” rating and a $17.00 price target for the company. Morgan Stanley boosted their price target on Santander Consumer USA from $19.50 to $21.00 and gave the company an “equal weight” rating in a report on Thursday, April 26th. ValuEngine downgraded Santander Consumer USA from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 31st. Stephens set a $22.00 price target on Santander Consumer USA and gave the company a “hold” rating in a report on Saturday, June 2nd. Finally, Zacks Investment Research upgraded Santander Consumer USA from a “sell” rating to a “hold” rating in a report on Saturday, April 28th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company. Santander Consumer USA presently has a consensus rating of “Hold” and a consensus target price of $20.43.

Shares of Santander Consumer USA stock opened at $19.08 on Friday. The company has a market cap of $6.78 billion, a P/E ratio of 10.97, a P/E/G ratio of 1.94 and a beta of 1.07. Santander Consumer USA has a 1 year low of $12.65 and a 1 year high of $20.46.

Santander Consumer USA (NYSE:SC) last issued its quarterly earnings results on Tuesday, April 24th. The financial services provider reported $0.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.27. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.61 billion. Santander Consumer USA had a return on equity of 12.36% and a net margin of 19.62%. During the same period in the previous year, the firm posted $0.40 EPS. analysts predict that Santander Consumer USA will post 2.28 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vident Investment Advisory LLC purchased a new stake in shares of Santander Consumer USA during the 4th quarter valued at $194,000. HBK Investments L P purchased a new stake in Santander Consumer USA during the 4th quarter worth $259,000. Sciencast Management LP purchased a new stake in Santander Consumer USA during the 1st quarter worth $241,000. Guggenheim Capital LLC boosted its position in Santander Consumer USA by 33.5% during the 4th quarter. Guggenheim Capital LLC now owns 15,380 shares of the financial services provider’s stock worth $286,000 after purchasing an additional 3,860 shares during the period. Finally, Paloma Partners Management Co purchased a new stake in Santander Consumer USA during the 4th quarter worth $339,000.

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.

Analyst Recommendations for Santander Consumer USA (NYSE:SC)

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