Zacks Investment Research upgraded shares of Santander Consumer USA (NYSE:SC) from a sell rating to a hold rating in a research report report published on Tuesday morning, Zacks.com reports.

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. “

A number of other brokerages have also recently commented on SC. UBS Group increased their target price on Santander Consumer USA from $16.00 to $20.00 and gave the company a neutral rating in a report on Monday, June 22nd. Piper Sandler increased their target price on Santander Consumer USA from $16.00 to $19.00 and gave the company a neutral rating in a report on Wednesday, June 17th. JMP Securities increased their target price on Santander Consumer USA from $19.00 to $22.00 and gave the company a market outperform rating in a report on Thursday, April 30th. ValuEngine raised Santander Consumer USA from a sell rating to a hold rating in a report on Tuesday, May 26th. Finally, Barclays cut Santander Consumer USA from an equal weight rating to an underweight rating and set a $13.00 target price for the company. in a report on Tuesday, March 17th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $22.14.

Shares of SC traded up $0.16 during mid-day trading on Tuesday, reaching $17.89. The company had a trading volume of 776,748 shares, compared to its average volume of 1,147,771. Santander Consumer USA has a 52-week low of $9.74 and a 52-week high of $27.75. The company has a quick ratio of 63.41, a current ratio of 63.41 and a debt-to-equity ratio of 7.82. The stock has a market capitalization of $5.74 billion, a P/E ratio of 8.36 and a beta of 1.28. The stock has a 50 day moving average of $17.81 and a two-hundred day moving average of $19.74.

Santander Consumer USA (NYSE:SC) last issued its quarterly earnings results on Tuesday, April 28th. The financial services provider reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.75). The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Santander Consumer USA had a return on equity of 10.95% and a net margin of 9.32%. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.70 EPS. On average, sell-side analysts expect that Santander Consumer USA will post -0.05 earnings per share for the current year.

In related news, CEO Mahesh Aditya bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was purchased at an average cost of $14.96 per share, for a total transaction of $74,800.00. Following the completion of the acquisition, the chief executive officer now owns 5,000 shares in the company, valued at approximately $74,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.13% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. M&T Bank Corp acquired a new stake in shares of Santander Consumer USA during the first quarter worth about $11,128,000. Meeder Asset Management Inc. increased its position in Santander Consumer USA by 4,516.7% in the 1st quarter. Meeder Asset Management Inc. now owns 1,939 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 1,897 shares during the period. Advisor Group Holdings Inc. acquired a new position in Santander Consumer USA in the 1st quarter valued at about $30,000. Pearl River Capital LLC acquired a new position in Santander Consumer USA in the 1st quarter valued at about $54,000. Finally, US Bancorp DE increased its position in Santander Consumer USA by 99.5% in the 1st quarter. US Bancorp DE now owns 5,536 shares of the financial services provider’s stock valued at $77,000 after acquiring an additional 2,761 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.

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