Santander Consumer USA (SC) Cut to Strong Sell at Zacks Investment Research

Zacks Investment Research lowered shares of Santander Consumer USA (NYSE:SC) from a hold rating to a strong sell rating in a research note issued to investors on Wednesday morning.

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. “

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Other equities research analysts have also issued reports about the stock. Piper Jaffray reiterated a buy rating and issued a $25.00 target price on shares of Santander Consumer USA in a report on Thursday, February 1st. Morgan Stanley increased their price objective on shares of Santander Consumer USA from $18.00 to $19.50 and gave the stock an equal weight rating in a research report on Thursday, February 1st. Oppenheimer assumed coverage on shares of Santander Consumer USA in a research report on Monday, January 8th. They set a hold rating for the company. Barclays set a $18.00 price objective on shares of Santander Consumer USA and gave the stock a hold rating in a research report on Tuesday, December 12th. Finally, UBS assumed coverage on shares of Santander Consumer USA in a research report on Wednesday, March 28th. They set a neutral rating and a $17.00 price objective for the company. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Santander Consumer USA presently has a consensus rating of Hold and a consensus price target of $18.70.

SC opened at $15.83 on Wednesday. The firm has a market capitalization of $5,903.16, a price-to-earnings ratio of 9.10, a PEG ratio of 4.13 and a beta of 1.11. Santander Consumer USA has a twelve month low of $11.12 and a twelve month high of $19.02.

Santander Consumer USA (NYSE:SC) last posted its earnings results on Wednesday, January 31st. The financial services provider reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.03). The firm had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.58 billion. Santander Consumer USA had a return on equity of 11.37% and a net margin of 18.09%. During the same quarter last year, the business posted $0.17 earnings per share. sell-side analysts anticipate that Santander Consumer USA will post 1.98 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company grew its position in 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 in the last quarter. Crow Point Partners LLC grew its position 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 in the last quarter. Sei Investments Co. grew its position in Santander Consumer USA by 38.4% in the third quarter. Sei Investments Co. now owns 13,317 shares of the financial services provider’s stock valued at $205,000 after purchasing an additional 3,695 shares in the last quarter. Guggenheim Capital LLC grew its position in Santander Consumer USA by 33.5% in the fourth quarter. Guggenheim Capital LLC now owns 15,380 shares of the financial services provider’s stock valued at $286,000 after purchasing an additional 3,860 shares in the last quarter. Finally, Advisors Preferred LLC grew its position in Santander Consumer USA by 1,000.4% in the fourth quarter. Advisors Preferred LLC now owns 5,480 shares of the financial services provider’s stock valued at $102,000 after purchasing an additional 4,982 shares in the last quarter.

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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.

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