Santander Consumer USA (SC) PT Raised to $27.00

Santander Consumer USA (NYSE:SC) had its target price raised by BMO Capital Markets from $26.00 to $27.00 in a note issued to investors on Friday. The firm presently has an “outperform” rating on the financial services provider’s stock. BMO Capital Markets’ target price would indicate a potential upside of 45.16% from the stock’s previous close.

A number of other equities analysts also recently weighed in on SC. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $9.00 target price on shares of Santander Consumer USA in a research note on Monday, July 9th. Oppenheimer reissued a “hold” rating on shares of Santander Consumer USA in a research report on Wednesday. Stephens set a $24.00 price target on shares of Santander Consumer USA and gave the company a “hold” rating in a research report on Wednesday, July 25th. Morgan Stanley raised their price target on shares of Santander Consumer USA from $21.00 to $23.00 and gave the company an “equal weight” rating in a research report on Thursday, July 26th. Finally, Barclays raised their price target on shares of Santander Consumer USA from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 11th. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Santander Consumer USA currently has a consensus rating of “Hold” and a consensus target price of $22.79.

SC traded down $0.31 on Friday, hitting $18.60. The company had a trading volume of 2,431,803 shares, compared to its average volume of 1,670,372. Santander Consumer USA has a 52-week low of $15.55 and a 52-week high of $21.81. The firm has a market capitalization of $6.73 billion, a PE ratio of 10.69, a price-to-earnings-growth ratio of 0.50 and a beta of 1.08.

Santander Consumer USA (NYSE:SC) last announced its earnings results on Wednesday, October 31st. The financial services provider reported $0.64 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.04. Santander Consumer USA had a net margin of 20.54% and a return on equity of 13.44%. The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.76 billion. During the same quarter last year, the firm earned $0.55 earnings per share. Analysts anticipate that Santander Consumer USA will post 2.6 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in SC. Macquarie Group Ltd. bought a new stake in shares of Santander Consumer USA during the second quarter valued at approximately $118,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Santander Consumer USA in the 2nd quarter worth approximately $124,000. Rehmann Capital Advisory Group grew its position in Santander Consumer USA by 366.0% in the 2nd quarter. Rehmann Capital Advisory Group now owns 8,276 shares of the financial services provider’s stock worth $158,000 after purchasing an additional 6,500 shares during the period. Meeder Asset Management Inc. grew its position in Santander Consumer USA by 253.8% in the 2nd quarter. Meeder Asset Management Inc. now owns 8,948 shares of the financial services provider’s stock worth $171,000 after purchasing an additional 6,419 shares during the period. Finally, Advisors Preferred LLC grew its position in Santander Consumer USA by 466.5% in the 2nd quarter. Advisors Preferred LLC now owns 9,370 shares of the financial services provider’s stock worth $179,000 after purchasing an additional 7,716 shares during the period.

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.

See Also: Market Capitalization, Large-Caps, Mid-Caps, Small-Caps

Analyst Recommendations for Santander Consumer USA (NYSE:SC)

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply