Santander Consumer USA Holdings Inc. (SC) Receives $17.08 Average PT from Brokerages

Santander Consumer USA Holdings Inc. (NYSE:SC) has been assigned an average recommendation of “Buy” from the seventeen research firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $17.08.

SC has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Santander Consumer USA Holdings from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Tuesday, October 3rd. UBS AG reaffirmed a “buy” rating and issued a $15.00 target price (down from $15.50) on shares of Santander Consumer USA Holdings in a report on Wednesday, August 2nd. Jefferies Group LLC reissued a “buy” rating and issued a $18.00 price objective on shares of Santander Consumer USA Holdings in a research note on Friday, August 25th. Sandler O’Neill reissued a “buy” rating and issued a $18.00 price objective (up from $16.00) on shares of Santander Consumer USA Holdings in a research note on Wednesday, October 4th. Finally, Stephens reissued an “equal weight” rating and issued a $14.00 price objective on shares of Santander Consumer USA Holdings in a research note on Friday, August 25th.

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Shares of Santander Consumer USA Holdings (NYSE SC) traded up $0.17 during trading on Thursday, hitting $16.32. 821,546 shares of the stock were exchanged, compared to its average volume of 1,959,670. The firm has a market cap of $5,874.33, a PE ratio of 9.33 and a beta of 1.32. Santander Consumer USA Holdings has a fifty-two week low of $11.12 and a fifty-two week high of $17.05.

Santander Consumer USA Holdings (NYSE:SC) last announced its earnings results on Friday, October 27th. The financial services provider reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.13. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Santander Consumer USA Holdings had a net margin of 10.17% and a return on equity of 11.33%. The company’s quarterly revenue was down 4.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.56 EPS. sell-side analysts forecast that Santander Consumer USA Holdings will post 1.95 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, November 17th. Shareholders of record on Tuesday, November 7th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Monday, November 6th. This represents a $0.12 annualized dividend and a dividend yield of 0.74%. Santander Consumer USA Holdings’s payout ratio is currently 6.45%.

Several hedge funds and other institutional investors have recently modified their holdings of SC. Dimensional Fund Advisors LP boosted its position in shares of Santander Consumer USA Holdings by 28.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,420,715 shares of the financial services provider’s stock worth $56,411,000 after purchasing an additional 966,516 shares in the last quarter. Marshall Wace North America L.P. purchased a new stake in shares of Santander Consumer USA Holdings during the 2nd quarter worth $9,178,000. ALGEBRIS UK Ltd purchased a new stake in shares of Santander Consumer USA Holdings during the 2nd quarter worth $8,639,000. Vanguard Group Inc. boosted 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 in the last quarter. Finally, Kingdon Capital Management L.L.C. purchased a new stake in shares of Santander Consumer USA Holdings during the 2nd quarter worth $5,151,000. Institutional investors own 90.62% of the company’s stock.

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.

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

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