Santander Consumer USA (SC) Lifted to Overweight at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Santander Consumer USA (NYSE:SC) from a neutral rating to an overweight rating in a report released on Friday morning. JPMorgan Chase & Co. currently has $16.00 price target on the financial services provider’s stock, down from their prior price target of $20.50.

A number of other equities research analysts have also issued reports on the company. Oppenheimer began coverage on Santander Consumer USA in a research note on Monday, January 8th. They issued a hold rating for the company. Zacks Investment Research lowered Santander Consumer USA from a hold rating to a sell rating in a research note on Tuesday, January 2nd. Barclays set a $18.00 target price on Santander Consumer USA and gave the company a hold rating in a research note on Tuesday, December 12th. Goldman Sachs Group began coverage on Santander Consumer USA in a research note on Monday, December 4th. They issued a buy rating and a $21.00 target price for the company. Finally, BTIG Research increased their target price on Santander Consumer USA to $21.00 and gave the company a buy rating in a research note on Monday, December 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $17.87.

Santander Consumer USA (SC) traded up $0.24 during trading on Friday, hitting $18.79. The stock had a trading volume of 2,307,200 shares, compared to its average volume of 1,897,922. The stock has a market cap of $6,760.00, a P/E ratio of 10.10, a price-to-earnings-growth ratio of 4.64 and a beta of 1.32. Santander Consumer USA has a 52 week low of $11.12 and a 52 week high of $19.02.

Santander Consumer USA (NYSE:SC) last released its quarterly earnings data on Friday, October 27th. The financial services provider reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.13. Santander Consumer USA had a return on equity of 11.33% and a net margin of 10.17%. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the business posted $0.56 EPS. The company’s quarterly revenue was down 4.9% compared to the same quarter last year. research analysts forecast that Santander Consumer USA will post 1.93 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company grew its stake in Santander Consumer USA by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,577 shares of the financial services provider’s stock valued at $135,000 after purchasing an additional 717 shares in the last quarter. Federated Investors Inc. PA grew its stake in Santander Consumer USA by 134.9% during the 2nd quarter. Federated Investors Inc. PA now owns 11,605 shares of the financial services provider’s stock valued at $148,000 after purchasing an additional 6,665 shares in the last quarter. Crow Point Partners LLC grew its stake in Santander Consumer USA by 59.8% during the 4th 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 in the last quarter. Numeric Investors LLC acquired a new stake in Santander Consumer USA during the 2nd quarter valued at approximately $189,000. Finally, OxFORD Asset Management LLP acquired a new stake in Santander Consumer USA during the 3rd quarter valued at approximately $190,000. Hedge funds and other institutional investors own 91.44% of the company’s stock.

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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.

Analyst Recommendations for Santander Consumer USA (NYSE:SC)

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