Santander Consumer USA (NYSE:SC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Thursday.

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. “

Other research analysts have also recently issued reports about the stock. Oppenheimer reissued a “hold” rating on shares of Santander Consumer USA in a report on Wednesday, July 25th. Stephens set a $24.00 price objective on shares of Santander Consumer USA and gave the company a “hold” rating in a report on Wednesday, July 25th. Janney Montgomery Scott raised shares of Santander Consumer USA from a “neutral” rating to a “buy” rating and set a $36.00 price objective for the company in a report on Friday, June 29th. UBS Group boosted their price objective on shares of Santander Consumer USA from $21.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, July 26th. Finally, Morgan Stanley boosted their price objective on shares of Santander Consumer USA from $21.00 to $23.00 and gave the company an “equal weight” rating in a report on Thursday, July 26th. Nine analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Santander Consumer USA has a consensus rating of “Buy” and a consensus target price of $22.25.

SC opened at $18.94 on Thursday. Santander Consumer USA has a twelve month low of $14.75 and a twelve month high of $21.81. The company has a market cap of $7.25 billion, a PE ratio of 10.89, a P/E/G ratio of 0.97 and a beta of 1.12.

Santander Consumer USA (NYSE:SC) last released its quarterly earnings data on Wednesday, July 25th. The financial services provider reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.18. Santander Consumer USA had a net margin of 20.57% and a return on equity of 13.00%. The firm had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.66 billion. During the same period in the previous year, the company earned $0.74 earnings per share. As a group, analysts anticipate that Santander Consumer USA will post 2.58 EPS for the current fiscal year.

In related news, insider Lisa Vanroekel sold 8,819 shares of the business’s stock in a transaction that occurred on Monday, July 30th. The shares were sold at an average price of $19.61, for a total transaction of $172,940.59. Following the completion of the sale, the insider now directly owns 25,640 shares in the company, valued at $502,800.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.09% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in SC. Macquarie Group Ltd. bought a new position in shares of Santander Consumer USA in the second quarter worth approximately $118,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Santander Consumer USA in the second quarter worth approximately $124,000. Rehmann Capital Advisory Group boosted its position in shares of Santander Consumer USA by 366.0% in the second quarter. Rehmann Capital Advisory Group now owns 8,276 shares of the financial services provider’s stock worth $158,000 after purchasing an additional 6,500 shares during the period. Meeder Asset Management Inc. boosted its position in shares of Santander Consumer USA by 253.8% in the second quarter. Meeder Asset Management Inc. now owns 8,948 shares of the financial services provider’s stock worth $171,000 after purchasing an additional 6,419 shares during the period. Finally, Advisors Preferred LLC boosted its position in shares of Santander Consumer USA by 466.5% in the second quarter. Advisors Preferred LLC now owns 9,370 shares of the financial services provider’s stock worth $179,000 after purchasing an additional 7,716 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.

Featured Story: Beta

Get a free copy of the Zacks research report on Santander Consumer USA (SC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Santander Consumer USA (NYSE:SC)

Receive News & Ratings for Santander Consumer USA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Santander Consumer USA and related companies with MarketBeat.com's FREE daily email newsletter.