Santander Consumer USA Holdings Inc. (SC) PT Raised to $18.00 at BMO Capital Markets

Santander Consumer USA Holdings Inc. (NYSE:SC) had its price target boosted by BMO Capital Markets from $14.00 to $18.00 in a research note released on Wednesday. BMO Capital Markets currently has an outperform rating on the financial services provider’s stock.

A number of other research analysts have also recently commented on SC. Piper Jaffray Companies started coverage on Santander Consumer USA Holdings in a research note on Friday, June 9th. They set a neutral rating and a $13.50 price objective on the stock. ValuEngine upgraded Santander Consumer USA Holdings from a buy rating to a strong-buy rating in a research note on Wednesday, June 28th. BidaskClub upgraded Santander Consumer USA Holdings from a strong sell rating to a sell rating in a research note on Thursday, June 29th. Jefferies Group LLC restated a buy rating and set a $18.00 price objective on shares of Santander Consumer USA Holdings in a research note on Friday, June 30th. Finally, Zacks Investment Research cut Santander Consumer USA Holdings from a hold rating to a sell rating in a research note on Tuesday, July 4th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of Hold and an average target price of $15.26.

Shares of Santander Consumer USA Holdings (NYSE SC) opened at 14.23 on Wednesday. The firm has a 50-day moving average price of $13.50 and a 200-day moving average price of $12.93. Santander Consumer USA Holdings has a 52-week low of $10.57 and a 52-week high of $15.47. The firm has a market cap of $5.12 billion, a price-to-earnings ratio of 7.53 and a beta of 1.27.

Santander Consumer USA Holdings (NYSE:SC) last issued its quarterly earnings data on Friday, July 28th. The financial services provider reported $0.70 EPS for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.08. The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Santander Consumer USA Holdings had a return on equity of 12.47% and a net margin of 10.40%. The firm’s quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.79 earnings per share. Analysts predict that Santander Consumer USA Holdings will post $1.74 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This article was posted by BBNS and is the property of of BBNS. If you are accessing this article on another domain, it was stolen and reposted in violation of US & international trademark and copyright laws. The correct version of this article can be viewed at https://baseballnewssource.com/markets/santander-consumer-usa-holdings-inc-sc-pt-raised-to-18-00-at-bmo-capital-markets/1643745.html.

In other news, CFO Ismail Dawood acquired 5,000 shares of the business’s stock in a transaction on Thursday, June 29th. The shares were purchased at an average price of $12.94 per share, for a total transaction of $64,700.00. Following the completion of the purchase, the chief financial officer now directly owns 127,609 shares of the company’s stock, valued at approximately $1,651,260.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.36% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in Santander Consumer USA Holdings by 4.5% during the first quarter. Vanguard Group Inc. now owns 8,628,665 shares of the financial services provider’s stock valued at $114,933,000 after buying an additional 370,437 shares in the last quarter. Clinton Group Inc. raised its stake in Santander Consumer USA Holdings by 449.6% during the first quarter. Clinton Group Inc. now owns 118,919 shares of the financial services provider’s stock valued at $1,584,000 after buying an additional 97,283 shares in the last quarter. Aperio Group LLC raised its stake in Santander Consumer USA Holdings by 11.8% during the second quarter. Aperio Group LLC now owns 140,245 shares of the financial services provider’s stock valued at $1,790,000 after buying an additional 14,774 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Santander Consumer USA Holdings by 12.2% during the first quarter. Schwab Charles Investment Management Inc. now owns 780,848 shares of the financial services provider’s stock valued at $10,401,000 after buying an additional 84,619 shares in the last quarter. Finally, Trexquant Investment LP acquired a new stake in Santander Consumer USA Holdings during the first quarter valued at approximately $362,000. Hedge funds and other institutional investors own 91.71% of the company’s stock.

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)

Receive News & Ratings for Santander Consumer USA Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Santander Consumer USA Holdings Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Cleveland Indians Winning Streak Snapped at 22
Cleveland Indians Winning Streak Snapped at 22
Tigers Player Might Play All Nine Positions During Same Game
Tigers Player Might Play All Nine Positions During Same Game
Fans Kicked Out of Fenway Park After Racist Banner Hung on Green Monster
Fans Kicked Out of Fenway Park After Racist Banner Hung on Green Monster
Dodgers End Losing Streak at 11 Behind Ace Clayton Kershaw
Dodgers End Losing Streak at 11 Behind Ace Clayton Kershaw
Cleveland Indians Winning Streak Reaches 18
Cleveland Indians Winning Streak Reaches 18
Washington Nationals Call Up Prospect to Help Outfield
Washington Nationals Call Up Prospect to Help Outfield


Leave a Reply

 
© 2006-2017 BBNS.