Oppenheimer started coverage on shares of Santander Consumer USA (NYSE:SC) in a research note released on Monday morning. The firm issued a hold rating on the financial services provider’s stock. Oppenheimer also issued estimates for Santander Consumer USA’s Q4 2017 earnings at $0.32 EPS, FY2017 earnings at $2.01 EPS, Q1 2018 earnings at $0.53 EPS, Q2 2018 earnings at $0.71 EPS, Q3 2018 earnings at $0.49 EPS, Q4 2018 earnings at $0.41 EPS, FY2018 earnings at $2.15 EPS and FY2019 earnings at $2.22 EPS.
A number of other equities research analysts also recently commented on SC. BMO Capital Markets lifted their price target on shares of Santander Consumer USA from $14.00 to $18.00 and gave the stock an outperform rating in a report on Wednesday, September 13th. Zacks Investment Research upgraded shares of Santander Consumer USA from a hold rating to a buy rating and set a $17.00 price target for the company in a report on Tuesday, October 3rd. Sandler O’Neill restated a buy rating and issued a $18.00 target price (up from $16.00) on shares of Santander Consumer USA in a report on Wednesday, October 4th. Citigroup initiated coverage on shares of Santander Consumer USA in a report on Tuesday, October 17th. They issued a neutral rating and a $16.00 target price for the company. Finally, JPMorgan Chase & Co. boosted their target price on shares of Santander Consumer USA from $15.00 to $16.00 and gave the company a neutral rating in a report on Monday, October 30th. Two analysts have rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Santander Consumer USA presently has a consensus rating of Buy and an average target price of $17.87.
Shares of Santander Consumer USA (SC) traded up $0.24 during midday trading on Monday, hitting $18.79. 2,307,220 shares of the stock were exchanged, compared to its average volume of 1,897,922. The stock has a market capitalization of $6,760.00, a P/E ratio of 10.10 and a beta of 1.32. Santander Consumer USA has a 1-year low of $11.12 and a 1-year high of $19.02.
A number of institutional investors have recently added to or reduced their stakes in the stock. Crow Point Partners LLC grew its holdings in Santander Consumer USA by 59.8% in the fourth quarter. Crow Point Partners LLC now owns 9,348 shares of the financial services provider’s stock valued at $174,000 after purchasing an additional 3,500 shares during the period. Parametric Portfolio Associates LLC grew its stake in Santander Consumer USA by 0.4% during the third quarter. Parametric Portfolio Associates LLC now owns 1,319,108 shares of the financial services provider’s stock worth $20,275,000 after buying an additional 5,676 shares during the period. Rubric Capital Management LP purchased a new stake in Santander Consumer USA during the third quarter worth approximately $13,953,000. GSA Capital Partners LLP purchased a new stake in Santander Consumer USA during the third quarter worth approximately $1,861,000. Finally, California Public Employees Retirement System grew its stake in Santander Consumer USA by 4.1% during the third quarter. California Public Employees Retirement System now owns 584,966 shares of the financial services provider’s stock worth $8,991,000 after buying an additional 23,166 shares during the period. Hedge funds and other institutional investors own 91.44% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This article was reported by BBNS and is the sole property of of BBNS. If you are viewing this article on another website, it was copied illegally and reposted in violation of US & international copyright & trademark law. The correct version of this article can be viewed at https://baseballnewssource.com/markets/santander-consumer-usa-sc-coverage-initiated-by-analysts-at-oppenheimer/1827103.html.
Santander Consumer USA 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.
Receive News & Ratings for Santander Consumer USA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Santander Consumer USA and related companies with our FREE daily email newsletter.