Santander Consumer USA (SC) PT Raised to $21.00 at BTIG Research

Santander Consumer USA (NYSE:SC) had its price target increased by equities research analysts at BTIG Research to $21.00 in a research note issued to investors on Monday. The brokerage presently has a “buy” rating on the financial services provider’s stock. BTIG Research’s target price would indicate a potential upside of 20.90% from the stock’s current price.

SC has been the subject of several other reports. Jefferies Group restated a “buy” rating and set a $18.00 target price on shares of Santander Consumer USA in a report on Friday, August 25th. Zacks Investment Research upgraded Santander Consumer USA from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a report on Saturday, October 14th. ValuEngine upgraded Santander Consumer USA from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Sandler O’Neill restated a “buy” rating and set a $18.00 target price (up from $16.00) on shares of Santander Consumer USA in a report on Wednesday, October 4th. Finally, Stephens restated an “equal weight” rating and set a $14.00 target price on shares of Santander Consumer USA in a report on Friday, August 25th. One analyst has rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Santander Consumer USA presently has a consensus rating of “Buy” and a consensus price target of $17.27.

Santander Consumer USA (NYSE:SC) traded up $0.13 on Monday, hitting $17.37. The stock had a trading volume of 1,429,600 shares, compared to its average volume of 1,991,676. The stock has a market cap of $6,252.27, a PE ratio of 9.93 and a beta of 1.33. Santander Consumer USA has a 1 year low of $11.12 and a 1 year high of $17.57.

Santander Consumer USA (NYSE:SC) last issued its earnings results on Friday, October 27th. The financial services provider reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.13. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Santander Consumer USA had a return on equity of 11.33% and a net margin of 10.17%. Santander Consumer USA’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.56 EPS. equities analysts anticipate that Santander Consumer USA will post 1.96 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SC. Sei Investments Co. raised its position in Santander Consumer USA by 6.1% during the 2nd quarter. Sei Investments Co. now owns 9,622 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 555 shares during the last quarter. TD Asset Management Inc. bought a new position in Santander Consumer USA during the 2nd quarter valued at approximately $133,000. The Manufacturers Life Insurance Company raised its position in Santander Consumer USA by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,577 shares of the financial services provider’s stock valued at $135,000 after purchasing an additional 717 shares during the last quarter. Federated Investors Inc. PA raised its position in Santander Consumer USA by 134.9% during the 2nd quarter. Federated Investors Inc. PA now owns 11,605 shares of the financial services provider’s stock valued at $148,000 after purchasing an additional 6,665 shares during the last quarter. Finally, Numeric Investors LLC bought a new position in Santander Consumer USA during the 2nd quarter valued at approximately $189,000. 91.44% of the stock is owned by institutional investors and hedge funds.

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About Santander Consumer USA

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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