Santander Consumer USA Holdings Inc (NYSE:SC) gapped up before the market opened on Monday after Citigroup raised their price target on the stock from $20.00 to $21.00. The stock had previously closed at $17.58, but opened at $18.68. Citigroup currently has a neutral rating on the stock. Santander Consumer USA shares last traded at $19.12, with a volume of 130287 shares trading hands.
Several other equities research analysts also recently weighed in on the company. Janney Montgomery Scott upgraded Santander Consumer USA from a “neutral” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Friday, June 29th. Zacks Investment Research downgraded Santander Consumer USA from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 27th. Stephens set a $22.00 price target on Santander Consumer USA and gave the stock a “hold” rating in a report on Saturday, June 2nd. ValuEngine downgraded Santander Consumer USA from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 31st. Finally, UBS Group upgraded Santander Consumer USA from a “neutral” rating to a “buy” rating and increased their price target for the stock from $17.00 to $21.00 in a report on Monday, May 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the stock. Santander Consumer USA presently has a consensus rating of “Hold” and an average target price of $21.47.
Get Santander Consumer USA alerts:A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its holdings in Santander Consumer USA by 10.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,026,629 shares of the financial services provider’s stock worth $98,234,000 after purchasing an additional 590,374 shares during the period. BlackRock Inc. increased its holdings in Santander Consumer USA by 0.5% during the 1st quarter. BlackRock Inc. now owns 5,564,137 shares of the financial services provider’s stock worth $90,696,000 after purchasing an additional 28,159 shares during the period. Millennium Management LLC increased its holdings in Santander Consumer USA by 14.0% during the 4th quarter. Millennium Management LLC now owns 4,104,477 shares of the financial services provider’s stock worth $76,425,000 after purchasing an additional 503,328 shares during the period. Canyon Capital Advisors LLC increased its holdings in Santander Consumer USA by 69.6% during the 1st quarter. Canyon Capital Advisors LLC now owns 3,223,319 shares of the financial services provider’s stock worth $52,540,000 after purchasing an additional 1,323,253 shares during the period. Finally, Schroder Investment Management Group increased its holdings in Santander Consumer USA by 65.3% during the 1st quarter. Schroder Investment Management Group now owns 2,760,302 shares of the financial services provider’s stock worth $44,993,000 after purchasing an additional 1,090,810 shares during the period.
The firm has a market capitalization of $6.90 billion, a P/E ratio of 11.13, a price-to-earnings-growth ratio of 1.98 and a beta of 1.06.
Santander Consumer USA (NYSE:SC) last released its quarterly earnings data on Tuesday, April 24th. The financial services provider reported $0.67 EPS for the quarter, topping the consensus estimate of $0.40 by $0.27. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.61 billion. Santander Consumer USA had a return on equity of 12.36% and a net margin of 19.62%. During the same period last year, the business posted $0.40 EPS. analysts expect that Santander Consumer USA Holdings Inc will post 2.28 earnings per share for the current fiscal 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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