Santander Consumer USA (SC) Lifted to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Santander Consumer USA (NYSE:SC) from a hold rating to a buy rating in a research note published on Friday. They currently have $21.00 price objective on the financial services provider’s stock.

According to Zacks, “Santander Consumer USA Holdings Inc. is a technology-driven consumer finance company which focused on vehicle finance and unsecured consumer lending products. The company’s vehicle finance products and services include consumer vehicle loans, vehicle leases and automotive dealer floorplan loans. Santander Consumer USA Holdings Inc. is headquartered in Dallas, Texas. “

Other research analysts also recently issued research reports about the stock. BMO Capital Markets lifted their target price on shares of Santander Consumer USA from $26.00 to $27.00 and gave the stock an outperform rating in a report on Friday, November 2nd. TheStreet upgraded shares of Santander Consumer USA from a c rating to a b- rating in a report on Wednesday, November 14th. Oppenheimer reiterated a hold rating on shares of Santander Consumer USA in a report on Wednesday, October 31st. Finally, ValuEngine downgraded shares of Santander Consumer USA from a buy rating to a hold rating in a report on Tuesday, October 2nd. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Santander Consumer USA has an average rating of Hold and a consensus target price of $22.85.

SC stock opened at $19.29 on Friday. Santander Consumer USA has a 1 year low of $15.55 and a 1 year high of $21.81. The firm has a market capitalization of $6.83 billion, a P/E ratio of 11.09, a price-to-earnings-growth ratio of 0.37 and a beta of 1.07.

Santander Consumer USA (NYSE:SC) last released its quarterly earnings data on Wednesday, October 31st. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.04. Santander Consumer USA had a net margin of 20.54% and a return on equity of 13.25%. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.76 billion. During the same quarter in the previous year, the business earned $0.55 EPS. Research analysts forecast that Santander Consumer USA will post 2.64 earnings per share for the current year.

Several large investors have recently bought and sold shares of SC. Vanguard Group Inc lifted its position in shares of Santander Consumer USA by 3.3% during the third quarter. Vanguard Group Inc now owns 11,282,953 shares of the financial services provider’s stock worth $226,110,000 after purchasing an additional 362,030 shares in the last quarter. Rehmann Capital Advisory Group lifted its position in shares of Santander Consumer USA by 28.6% during the third quarter. Rehmann Capital Advisory Group now owns 10,642 shares of the financial services provider’s stock worth $213,000 after purchasing an additional 2,366 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Santander Consumer USA by 3.3% during the third quarter. Vanguard Group Inc. now owns 11,282,953 shares of the financial services provider’s stock worth $226,110,000 after purchasing an additional 362,030 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Santander Consumer USA by 5.6% during the third quarter. Legal & General Group Plc now owns 490,966 shares of the financial services provider’s stock worth $9,839,000 after purchasing an additional 25,905 shares in the last quarter. Finally, TIAA CREF Investment Management LLC lifted its position in shares of Santander Consumer USA by 3.1% during the third quarter. TIAA CREF Investment Management LLC now owns 587,921 shares of the financial services provider’s stock worth $11,782,000 after purchasing an additional 17,429 shares in the last quarter.

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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