Santander Consumer USA Holdings Inc (NYSE:SC) Given Consensus Rating of “Hold” by Analysts

Shares of Santander Consumer USA Holdings Inc (NYSE:SC) have been assigned an average rating of “Hold” from the thirteen ratings firms that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation and nine have given a hold recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $24.57.

A number of research analysts have recently weighed in on SC shares. UBS Group lowered shares of Santander Consumer USA from a “buy” rating to a “neutral” rating and raised their price target for the stock from $22.00 to $26.00 in a research note on Monday, November 4th. Santander cut Santander Consumer USA from an “equal weight” rating to an “underweight” rating in a research report on Monday, September 9th. ValuEngine downgraded Santander Consumer USA from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Zacks Investment Research lowered Santander Consumer USA from a “hold” rating to a “sell” rating in a report on Saturday, October 5th. Finally, Stephens cut Santander Consumer USA from an “equal” rating to a “weight” rating and lowered their price objective for the company from $25.00 to $23.00 in a research note on Monday, September 9th.

Shares of NYSE:SC traded up $0.19 during midday trading on Friday, reaching $23.29. The company had a trading volume of 19,914 shares, compared to its average volume of 1,164,515. The company’s 50 day moving average price is $24.45 and its 200 day moving average price is $24.88. The stock has a market cap of $7.95 billion, a P/E ratio of 9.17, a P/E/G ratio of 1.67 and a beta of 1.00. Santander Consumer USA has a 52-week low of $16.10 and a 52-week high of $27.75.

Santander Consumer USA (NYSE:SC) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.67. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.19 billion. Santander Consumer USA had a net margin of 12.33% and a return on equity of 13.20%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.64 earnings per share. On average, equities research analysts forecast that Santander Consumer USA will post 2.83 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Tuesday, November 12th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.88 dividend on an annualized basis and a yield of 3.78%. Santander Consumer USA’s dividend payout ratio (DPR) is 34.65%.

A number of hedge funds and other institutional investors have recently modified their holdings of SC. Canyon Capital Advisors LLC increased its position in shares of Santander Consumer USA by 9.7% during the third quarter. Canyon Capital Advisors LLC now owns 10,620,000 shares of the financial services provider’s stock valued at $270,916,000 after buying an additional 934,741 shares during the period. Windacre Partnership LLC grew its stake in Santander Consumer USA by 1.5% during the second quarter. Windacre Partnership LLC now owns 9,107,600 shares of the financial services provider’s stock valued at $218,218,000 after acquiring an additional 139,000 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in Santander Consumer USA by 5.1% during the 2nd quarter. Allianz Asset Management GmbH now owns 2,308,584 shares of the financial services provider’s stock worth $55,314,000 after acquiring an additional 111,647 shares during the period. Bank of New York Mellon Corp lifted its stake in Santander Consumer USA by 1.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,368,686 shares of the financial services provider’s stock worth $32,794,000 after purchasing an additional 14,332 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in Santander Consumer USA by 28.6% in the 3rd quarter. First Trust Advisors LP now owns 1,190,925 shares of the financial services provider’s stock valued at $30,380,000 after purchasing an additional 265,209 shares during the period.

About Santander Consumer USA

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.

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Analyst Recommendations for Santander Consumer USA (NYSE:SC)

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