Santander Consumer USA Holdings Inc (NYSE:SC) Given Average Rating of “Hold” by Brokerages

Santander Consumer USA Holdings Inc (NYSE:SC) has been assigned a consensus recommendation of “Hold” from the fourteen analysts that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $24.78.

SC has been the subject of a number of analyst reports. Zacks Investment Research raised HB Fuller from a “sell” rating to a “hold” rating in a report on Wednesday, July 3rd. ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Compass Point set a $52.00 price objective on E*TRADE Financial and gave the company a “buy” rating in a report on Tuesday, July 2nd. Piper Jaffray Companies set a $15.00 price objective on BioCryst Pharmaceuticals and gave the company a “buy” rating in a report on Monday, April 22nd. Finally, JPMorgan Chase & Co. set a GBX 620 ($8.10) price objective on HSBC and gave the company a “sell” rating in a report on Tuesday, April 16th.

In other news, insider Richard Morrin sold 17,422 shares of the firm’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $21.22, for a total value of $369,694.84. Following the completion of the sale, the insider now directly owns 59,203 shares in the company, valued at $1,256,287.66. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.13% of the company’s stock.

Several large investors have recently made changes to their positions in the company. FMR LLC increased its holdings in shares of Santander Consumer USA by 0.4% during the 1st quarter. FMR LLC now owns 13,526,050 shares of the financial services provider’s stock worth $285,805,000 after acquiring an additional 54,437 shares during the last quarter. Windacre Partnership LLC grew its holdings in Santander Consumer USA by 107.8% in the 4th quarter. Windacre Partnership LLC now owns 10,214,100 shares of the financial services provider’s stock valued at $179,666,000 after buying an additional 5,299,400 shares in the last quarter. Canyon Capital Advisors LLC grew its holdings in Santander Consumer USA by 43.2% in the 1st quarter. Canyon Capital Advisors LLC now owns 9,703,059 shares of the financial services provider’s stock valued at $205,026,000 after buying an additional 2,925,033 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Santander Consumer USA by 4.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,579,196 shares of the financial services provider’s stock valued at $115,730,000 after buying an additional 260,734 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in Santander Consumer USA by 2.7% in the 4th quarter. BlackRock Inc. now owns 5,057,748 shares of the financial services provider’s stock valued at $88,966,000 after buying an additional 133,901 shares in the last quarter.

Shares of NYSE SC traded down $0.05 during midday trading on Tuesday, reaching $25.55. 1,648,442 shares of the company traded hands, compared to its average volume of 1,325,730. The firm has a market capitalization of $9.04 billion, a price-to-earnings ratio of 10.06, a PEG ratio of 1.39 and a beta of 1.01. The business’s 50-day moving average price is $23.96. Santander Consumer USA has a 12 month low of $16.10 and a 12 month high of $26.10.

Santander Consumer USA (NYSE:SC) last issued its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.04. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Santander Consumer USA had a return on equity of 12.95% and a net margin of 12.56%. The business’s revenue was up 5.1% on a year-over-year basis. During the same period last year, the business earned $0.68 earnings per share. On average, analysts anticipate that Santander Consumer USA will post 2.66 earnings per share for the current year.

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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Analyst Recommendations for Santander Consumer USA (NYSE:SC)

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