Santander Consumer USA (NYSE:SC) PT Lowered to $18.00 at Piper Sandler

Santander Consumer USA (NYSE:SC) had its price target decreased by Piper Sandler from $19.00 to $18.00 in a research report released on Thursday morning, BenzingaRatingsTable reports. Piper Sandler currently has a neutral rating on the financial services provider’s stock.

SC has been the topic of a number of other research reports. Zacks Investment Research downgraded Santander Consumer USA from a hold rating to a sell rating in a research report on Tuesday, July 21st. UBS Group raised their price objective on Santander Consumer USA from $16.00 to $20.00 and gave the company a neutral rating in a research note on Monday, June 22nd. ValuEngine raised Santander Consumer USA from a sell rating to a hold rating in a research note on Tuesday, May 26th. JMP Securities raised their target price on Santander Consumer USA from $19.00 to $22.00 and gave the stock a market outperform rating in a research note on Thursday, April 30th. Finally, JPMorgan Chase & Co. lowered shares of Santander Consumer USA from a neutral rating to an underweight rating and set a $14.50 price objective for the company. in a report on Wednesday, July 15th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $19.08.

Santander Consumer USA stock traded up $1.31 during mid-day trading on Thursday, reaching $18.36. 2,245,010 shares of the company were exchanged, compared to its average volume of 768,363. Santander Consumer USA has a 12 month low of $9.74 and a 12 month high of $27.56. The company has a fifty day simple moving average of $18.31 and a 200-day simple moving average of $18.95. The company has a debt-to-equity ratio of 7.82, a current ratio of 63.41 and a quick ratio of 63.41. The firm has a market cap of $5.90 billion, a PE ratio of 23.24 and a beta of 1.28.

Santander Consumer USA (NYSE:SC) last posted its quarterly earnings results on Wednesday, July 29th. The financial services provider reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.11). The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.98 billion. Santander Consumer USA had a return on equity of 4.21% and a net margin of 3.47%. During the same period last year, the company posted $1.05 earnings per share. Sell-side analysts anticipate that Santander Consumer USA will post 0.01 earnings per share for the current year.

Hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. increased its stake in shares of Santander Consumer USA by 58.0% in the first quarter. JPMorgan Chase & Co. now owns 234,319 shares of the financial services provider’s stock worth $3,259,000 after acquiring an additional 86,011 shares during the period. Alliancebernstein L.P. raised its stake in Santander Consumer USA by 18.6% during the fourth quarter. Alliancebernstein L.P. now owns 66,192 shares of the financial services provider’s stock worth $1,547,000 after purchasing an additional 10,400 shares during the period. Janus Henderson Group PLC raised its stake in Santander Consumer USA by 13.6% during the first quarter. Janus Henderson Group PLC now owns 218,874 shares of the financial services provider’s stock worth $3,045,000 after purchasing an additional 26,211 shares during the period. Dupont Capital Management Corp increased its position in shares of Santander Consumer USA by 442.6% during the second quarter. Dupont Capital Management Corp now owns 56,223 shares of the financial services provider’s stock valued at $1,035,000 after acquiring an additional 45,861 shares during the last quarter. Finally, US Bancorp DE grew its holdings in shares of Santander Consumer USA by 99.5% in the first quarter. US Bancorp DE now owns 5,536 shares of the financial services provider’s stock valued at $77,000 after purchasing an additional 2,761 shares in the last quarter.

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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