JMP Securities Increases Santander Consumer USA Holdings Inc. (SC) Price Target to $21.00

Santander Consumer USA Holdings Inc. (NYSE:SC) had its price objective lifted by investment analysts at JMP Securities from $16.00 to $21.00 in a report issued on Monday. The firm currently has an “outperform” rating on the financial services provider’s stock. JMP Securities’ price objective suggests a potential upside of 30.68% from the company’s current price.

A number of other research analysts also recently weighed in on SC. Zacks Investment Research downgraded Santander Consumer USA Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. BidaskClub upgraded Santander Consumer USA Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Jefferies Group LLC reiterated a “buy” rating and set a $18.00 price target on shares of Santander Consumer USA Holdings in a report on Friday, July 21st. BMO Capital Markets lowered their price target on Santander Consumer USA Holdings from $15.00 to $14.00 and set an “outperform” rating on the stock in a report on Monday, July 31st. Finally, UBS AG restated a “buy” rating and issued a $15.00 target price (down previously from $15.50) on shares of Santander Consumer USA Holdings in a research note on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $16.57.

Santander Consumer USA Holdings (SC) traded up 3.86% during trading on Monday, reaching $16.69. The company had a trading volume of 1,670,315 shares. The firm has a market capitalization of $6.00 billion, a price-to-earnings ratio of 8.83 and a beta of 1.29. Santander Consumer USA Holdings has a 12 month low of $10.76 and a 12 month high of $16.70. The stock has a 50 day moving average price of $15.04 and a 200 day moving average price of $13.27.

Santander Consumer USA Holdings (NYSE:SC) last issued its quarterly earnings results on Friday, October 27th. The financial services provider reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.13. Santander Consumer USA Holdings had a return on equity of 11.56% and a net margin of 10.17%. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the company posted $0.56 earnings per share. Santander Consumer USA Holdings’s revenue for the quarter was down 4.9% compared to the same quarter last year. On average, equities research analysts predict that Santander Consumer USA Holdings will post $1.76 earnings per share for the current year.

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Several large investors have recently made changes to their positions in SC. Dimensional Fund Advisors LP lifted its position in shares of Santander Consumer USA Holdings by 28.0% in the second quarter. Dimensional Fund Advisors LP now owns 4,420,715 shares of the financial services provider’s stock worth $56,411,000 after buying an additional 966,516 shares during the last quarter. Marshall Wace North America L.P. acquired a new position in shares of Santander Consumer USA Holdings during the 2nd quarter worth about $9,178,000. ALGEBRIS UK Ltd acquired a new position in shares of Santander Consumer USA Holdings during the 2nd quarter worth about $8,639,000. Vanguard Group Inc. lifted its position in shares of Santander Consumer USA Holdings by 4.7% during the 2nd quarter. Vanguard Group Inc. now owns 9,032,559 shares of the financial services provider’s stock worth $115,256,000 after purchasing an additional 403,894 shares during the last quarter. Finally, Kingdon Capital Management L.L.C. acquired a new position in shares of Santander Consumer USA Holdings during the 2nd quarter worth about $5,151,000. 91.77% of the stock is owned by institutional investors.

Santander Consumer USA Holdings Company Profile

Santander Consumer USA Holdings Inc is the holding company for Santander Consumer USA Inc, and subsidiaries, a consumer finance company focused on vehicle finance and third party servicing. The Company operates through Consumer Finance segment. Its Consumer Finance business is focused on vehicle financial products and services, including retail installment contracts, vehicle leases, and dealer loans, as well as financial products and services related to motorcycles, recreational vehicles (RVs), and marine vehicles.

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