Santander Consumer USA Holdings Inc. (SC) Receives New Coverage from Analysts at Citigroup Inc.

Citigroup Inc. assumed coverage on shares of Santander Consumer USA Holdings Inc. (NYSE:SC) in a report published on Tuesday morning. The brokerage issued a neutral rating and a $16.00 target price on the financial services provider’s stock.

SC has been the subject of a number of other reports. Jefferies Group LLC reiterated a buy rating and issued a $18.00 target price on shares of Santander Consumer USA Holdings in a report on Friday, August 25th. ValuEngine upgraded Santander Consumer USA Holdings from a buy rating to a strong-buy rating in a report on Friday, September 1st. Zacks Investment Research upgraded Santander Consumer USA Holdings from a hold rating to a buy rating and set a $17.00 target price for the company in a report on Saturday. Stephens reiterated an equal weight rating and issued a $14.00 target price on shares of Santander Consumer USA Holdings in a report on Friday, August 25th. Finally, Sandler O’Neill reiterated a buy rating and issued a $18.00 target price (up from $16.00) on shares of Santander Consumer USA Holdings in a report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Santander Consumer USA Holdings currently has an average rating of Buy and a consensus target price of $16.08.

Santander Consumer USA Holdings (NYSE SC) opened at 15.27 on Tuesday. Santander Consumer USA Holdings has a 52-week low of $10.76 and a 52-week high of $15.87. The stock has a 50 day moving average price of $14.74 and a 200 day moving average price of $13.08. The company has a market capitalization of $5.49 billion, a price-to-earnings ratio of 8.08 and a beta of 1.29.

Santander Consumer USA Holdings (NYSE:SC) last released its earnings results on Friday, July 28th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.08. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.07 billion. Santander Consumer USA Holdings had a return on equity of 12.47% and a net margin of 10.40%. Santander Consumer USA Holdings’s revenue was down 5.6% compared to the same quarter last year. During the same period last year, the business posted $0.79 earnings per share. On average, equities analysts expect that Santander Consumer USA Holdings will post $1.76 earnings per share for the current year.

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Hedge funds and other institutional investors have recently made changes to their positions in the business. Sei Investments Co. lifted its holdings in Santander Consumer USA Holdings by 6.1% during the 2nd quarter. Sei Investments Co. now owns 9,622 shares of the financial services provider’s stock worth $123,000 after buying an additional 555 shares during the last quarter. Meeder Asset Management Inc. lifted its holdings in Santander Consumer USA Holdings by 40.3% during the 1st quarter. Meeder Asset Management Inc. now owns 9,744 shares of the financial services provider’s stock worth $129,000 after buying an additional 2,800 shares during the last quarter. TD Asset Management Inc. purchased a new stake in Santander Consumer USA Holdings during the 2nd quarter worth about $133,000. The Manufacturers Life Insurance Company lifted its holdings in Santander Consumer USA Holdings by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,577 shares of the financial services provider’s stock worth $135,000 after buying an additional 717 shares during the last quarter. Finally, Federated Investors Inc. PA lifted its holdings in Santander Co

SC has been the subject of a number of other reports. Jefferies Group LLC reiterated a buy rating and issued a $18.00 target price on shares of Santander Consumer USA Holdings in a report on Friday, August 25th. ValuEngine upgraded Santander Consumer USA Holdings from a buy rating to a strong-buy rating in a report on Friday, September 1st. Zacks Investment Research upgraded Santander Consumer USA Holdings from a hold rating to a buy rating and set a $17.00 target price for the company in a report on Saturday. Stephens reiterated an equal weight rating and issued a $14.00 target price on shares of Santander Consumer USA Holdings in a report on Friday, August 25th. Finally, Sandler O’Neill reiterated a buy rating and issued a $18.00 target price (up from $16.00) on shares of Santander Consumer USA Holdings in a report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Santander Consumer USA Holdings currently has an average rating of Buy and a consensus target price of $16.08.

Santander Consumer USA Holdings (NYSE SC) opened at 15.27 on Tuesday. Santander Consumer USA Holdings has a 52-week low of $10.76 and a 52-week high of $15.87. The stock has a 50 day moving average price of $14.74 and a 200 day moving average price of $13.08. The company has a market capitalization of $5.49 billion, a price-to-earnings ratio of 8.08 and a beta of 1.29.

Santander Consumer USA Holdings (NYSE:SC) last released its earnings results on Friday, July 28th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.08. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.07 billion. Santander Consumer USA Holdings had a return on equity of 12.47% and a net margin of 10.40%. Santander Consumer USA Holdings’s revenue was down 5.6% compared to the same quarter last year. During the same period last year, the business posted $0.79 earnings per share. On average, equities analysts expect that Santander Consumer USA Holdings will post $1.76 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: This news story was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another site, it was illegally copied and reposted in violation of U.S. and international trademark and copyright legislation. The correct version of this news story can be accessed at https://ledgergazette.com/2017/10/18/santander-consumer-usa-holdings-inc-sc-receives-new-coverage-from-analysts-at-citigroup-inc.html.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Sei Investments Co. lifted its holdings in Santander Consumer USA Holdings by 6.1% during the 2nd quarter. Sei Investments Co. now owns 9,622 shares of the financial services provider’s stock worth $123,000 after buying an additional 555 shares during the last quarter. Meeder Asset Management Inc. lifted its holdings in Santander Consumer USA Holdings by 40.3% during the 1st quarter. Meeder Asset Management Inc. now owns 9,744 shares of the financial services provider’s stock worth $129,000 after buying an additional 2,800 shares during the last quarter. TD Asset Management Inc. purchased a new stake in Santander Consumer USA Holdings during the 2nd quarter worth about $133,000. The Manufacturers Life Insurance Company lifted its holdings in Santander Consumer USA Holdings by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,577 shares of the financial services provider’s stock worth $135,000 after buying an additional 717 shares during the last quarter. Finally, Federated Investors Inc. PA lifted its holdings in Santander Consumer USA Holdings by 134.9% during the 2nd quarter. Federated Investors Inc. PA now owns 11,605 shares of the financial services provider’s stock worth $148,000 after buying an additional 6,665 shares during the last quarter. 91.80% of the stock is owned by institutional investors.

About Santander Consumer USA Holdings

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.

Analyst Recommendations for Santander Consumer USA Holdings (NYSE:SC)

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