Santander Consumer USA Holdings Inc (NYSE:SC) was up 5.2% during mid-day trading on Wednesday following a stronger than expected earnings report. The company traded as high as $19.06 and last traded at $18.75. Approximately 2,667,807 shares were traded during trading, an increase of 33% from the average daily volume of 2,001,266 shares. The stock had previously closed at $17.82.
The financial services provider reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.04. Santander Consumer USA had a return on equity of 13.00% and a net margin of 20.57%. During the same quarter in the previous year, the business posted $0.55 EPS.
A number of analysts recently issued reports on SC shares. UBS Group increased their price objective on Santander Consumer USA from $21.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, July 26th. Susquehanna Bancshares set a $26.00 price objective on Santander Consumer USA and gave the stock a “buy” rating in a report on Wednesday, July 25th. Morgan Stanley increased their price objective on Santander Consumer USA from $21.00 to $23.00 and gave the stock an “equal weight” rating in a report on Thursday, July 26th. Barclays upped their target price on Santander Consumer USA from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 11th. Finally, Zacks Investment Research upgraded Santander Consumer USA from a “sell” rating to a “hold” rating in a research note on Thursday, October 11th. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $22.50.
The stock has a market cap of $6.37 billion, a P/E ratio of 10.78, a PEG ratio of 0.47 and a beta of 1.12.
Santander Consumer USA Company Profile (NYSE:SC)
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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