Santander Consumer USA (SC) Given New $21.00 Price Target at Citigroup

Santander Consumer USA (NYSE:SC) had its price target increased by Citigroup from $20.00 to $21.00 in a research report sent to investors on Friday. Citigroup currently has a neutral rating on the financial services provider’s stock.

A number of other brokerages have also weighed in on SC. UBS Group started coverage on Santander Consumer USA in a research note on Wednesday, March 28th. They issued a neutral rating and a $17.00 target price for the company. Morgan Stanley raised their target price on Santander Consumer USA from $19.50 to $21.00 and gave the company an equal weight rating in a research note on Thursday, April 26th. ValuEngine lowered Santander Consumer USA from a strong-buy rating to a buy rating in a research note on Thursday, May 31st. Stephens set a $22.00 target price on Santander Consumer USA and gave the company a hold rating in a research note on Saturday, June 2nd. Finally, Zacks Investment Research upgraded Santander Consumer USA from a sell rating to a hold rating in a research note on Saturday, April 28th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $21.47.

Shares of NYSE:SC opened at $19.30 on Friday. Santander Consumer USA has a twelve month low of $12.65 and a twelve month high of $20.46. The firm has a market capitalization of $6.90 billion, a PE ratio of 10.97, a price-to-earnings-growth ratio of 1.98 and a beta of 1.06.

Santander Consumer USA (NYSE:SC) last announced its earnings results on Tuesday, April 24th. The financial services provider reported $0.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.27. Santander Consumer USA had a return on equity of 12.36% and a net margin of 19.62%. The company had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same period last year, the company posted $0.40 earnings per share. sell-side analysts predict that Santander Consumer USA will post 2.28 EPS for the current year.

A number of hedge funds have recently made changes to their positions in SC. Canyon Capital Advisors LLC increased its position in Santander Consumer USA by 69.6% in the first quarter. Canyon Capital Advisors LLC now owns 3,223,319 shares of the financial services provider’s stock worth $52,540,000 after purchasing an additional 1,323,253 shares during the period. Renaissance Technologies LLC increased its position in Santander Consumer USA by 269.8% in the fourth quarter. Renaissance Technologies LLC now owns 1,542,300 shares of the financial services provider’s stock worth $28,718,000 after purchasing an additional 1,125,200 shares during the period. Schroder Investment Management Group increased its position in Santander Consumer USA by 65.3% in the first quarter. Schroder Investment Management Group now owns 2,760,302 shares of the financial services provider’s stock worth $44,993,000 after purchasing an additional 1,090,810 shares during the period. Schwab Charles Investment Management Inc. increased its position in Santander Consumer USA by 79.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 1,891,024 shares of the financial services provider’s stock worth $30,824,000 after purchasing an additional 839,787 shares during the period. Finally, Deutsche Bank AG increased its position in Santander Consumer USA by 154.9% in the fourth quarter. Deutsche Bank AG now owns 1,081,200 shares of the financial services provider’s stock worth $20,129,000 after purchasing an additional 657,008 shares during the period.

Santander Consumer USA Company Profile

Santander Consumer USA Holdings Inc, a specialized consumer finance company, provides vehicle finance and third-party servicing in the United States. Its products and services include retail installment contracts and vehicle leases, as well as dealer loans for inventory, construction, real estate, working capital, and revolving lines of credit.

Analyst Recommendations for Santander Consumer USA (NYSE:SC)

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