Santander Consumer USA (NYSE:SC) Downgraded by Zacks Investment Research to “Sell”

Zacks Investment Research lowered shares of Santander Consumer USA (NYSE:SC) from a hold rating to a sell rating in a research note released on Tuesday, January 2nd.

According to Zacks, “Santander Consumer USA Holdings Inc. is a technology-driven consumer finance company which focused on vehicle finance and unsecured consumer lending products. The company’s vehicle finance products and services include consumer vehicle loans, vehicle leases and automotive dealer floorplan loans. Santander Consumer USA Holdings Inc. is headquartered in Dallas, Texas. “

SC has been the topic of a number of other research reports. 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 assumed coverage on Santander Consumer USA in a research note on Monday, December 4th. They set a buy rating and a $21.00 price target on the stock. BTIG Research increased their price target on Santander Consumer USA to $21.00 and gave the stock a buy rating in a research note on Monday, December 4th. UBS Group upped their price objective on Santander Consumer USA from $15.00 to $18.00 and gave the stock a buy rating in a report on Monday, October 30th. Finally, Citigroup upped their price objective on Santander Consumer USA from $16.00 to $17.00 and gave the stock a neutral rating in a report on Monday, October 30th. One research analyst has rated the stock with a sell rating, five have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $17.87.

Santander Consumer USA (NYSE SC) opened at $18.79 on Tuesday. Santander Consumer USA has a 52-week low of $11.12 and a 52-week high of $19.02. The stock has a market capitalization of $6,677.01, a PE ratio of 10.60, a P/E/G ratio of 4.58 and a beta of 1.33.

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

A number of hedge funds and other institutional investors have recently modified their holdings of SC. Sei Investments Co. increased its stake in shares of Santander Consumer USA by 6.1% in the second quarter. Sei Investments Co. now owns 9,622 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 555 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Santander Consumer USA by 7.3% in the second 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 during the period. Federated Investors Inc. PA increased its stake in shares of Santander Consumer USA by 134.9% in the second 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 during the period. Crow Point Partners LLC increased its stake in shares of 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. Finally, Numeric Investors LLC acquired a new stake in shares of Santander Consumer USA in the second quarter valued at approximately $189,000. 91.44% of the stock is currently owned by hedge funds and other institutional investors.

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About Santander Consumer USA

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.

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