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.

Several other equities research analysts also recently issued reports on SC. JPMorgan Chase & Co. downgraded Santander Consumer USA from a neutral rating to an underweight rating and set a $14.50 target price on the stock. in a research report on Wednesday, July 15th. UBS Group boosted their price objective on shares of Santander Consumer USA from $16.00 to $20.00 and gave the stock a neutral rating in a report on Monday, June 22nd. ValuEngine raised shares of Santander Consumer USA from a sell rating to a hold rating in a research report on Tuesday, May 26th. Zacks Investment Research cut shares of Santander Consumer USA from a hold rating to a sell rating in a research note on Tuesday, July 21st. Finally, JMP Securities upped their price target on shares of Santander Consumer USA from $19.00 to $22.00 and gave the company a market outperform rating in a report on Thursday, April 30th. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The company has an average rating of Hold and a consensus 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. The company has a fifty day simple moving average of $18.31 and a 200-day simple moving average of $18.95. Santander Consumer USA has a 12 month low of $9.74 and a 12 month high of $27.56. 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 issued its quarterly earnings data 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 the consensus estimate 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 quarter in the prior year, the firm earned $1.05 EPS. Sell-side analysts anticipate that Santander Consumer USA will post 0.01 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in SC. Windacre Partnership LLC lifted its stake in Santander Consumer USA by 30.5% in the first quarter. Windacre Partnership LLC now owns 11,230,076 shares of the financial services provider’s stock valued at $156,210,000 after buying an additional 2,621,876 shares during the last quarter. Norges Bank acquired a new stake in Santander Consumer USA in the 4th quarter worth approximately $39,537,000. First Trust Advisors LP lifted its holdings in shares of Santander Consumer USA by 26.5% during the second quarter. First Trust Advisors LP now owns 682,102 shares of the financial services provider’s stock worth $12,557,000 after buying an additional 142,860 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Santander Consumer USA by 195.1% during the fourth quarter. Janus Henderson Group PLC now owns 192,663 shares of the financial services provider’s stock valued at $4,503,000 after purchasing an additional 127,368 shares during the period. Finally, Wells Fargo & Company MN grew its position in Santander Consumer USA by 46.7% in the first quarter. Wells Fargo & Company MN now owns 290,000 shares of the financial services provider’s stock valued at $4,034,000 after acquiring an additional 92,278 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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