Santander Consumer USA (NYSE:SC) Downgraded by Zacks Investment Research to “Hold”

Santander Consumer USA (NYSE:SC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday, 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. “

Other equities analysts also recently issued research reports about the company. Compass Point set a $25.00 target price on Santander Consumer USA and gave the stock a “hold” rating in a research note on Tuesday, July 2nd. BTIG Research downgraded Santander Consumer USA from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 24th. They noted that the move was a valuation call. Susquehanna Bancshares restated a “neutral” rating on shares of Santander Consumer USA in a research note on Thursday, June 20th. Morgan Stanley boosted their target price on Santander Consumer USA from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 25th. Finally, Stephens downgraded Santander Consumer USA from an “equal” rating to a “weight” rating and cut their target price for the stock from $25.00 to $23.00 in a research note on Monday, September 9th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $25.13.



SC stock traded up $0.02 during mid-day trading on Wednesday, reaching $26.00. 11,670 shares of the company traded hands, compared to its average volume of 788,007. The stock has a market cap of $8.99 billion, a price-to-earnings ratio of 10.22, a P/E/G ratio of 0.76 and a beta of 1.05. Santander Consumer USA has a fifty-two week low of $16.10 and a fifty-two week high of $27.75. The firm’s 50 day moving average price is $26.15 and its 200 day moving average price is $23.74.

Santander Consumer USA (NYSE:SC) last announced its earnings results on Wednesday, July 24th. The financial services provider reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.15. Santander Consumer USA had a return on equity of 13.29% and a net margin of 12.60%. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the previous year, the business earned $0.92 EPS. The company’s revenue was up 4.5% compared to the same quarter last year. On average, equities analysts predict that Santander Consumer USA will post 2.82 EPS for the current fiscal year.

In related news, insider Christopher Keith Pfirrman sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $27.41, for a total value of $822,300.00. Following the transaction, the insider now owns 46,361 shares in the company, valued at $1,270,755.01. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.13% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the stock. FMR LLC raised its holdings in Santander Consumer USA by 0.4% during the 1st quarter. FMR LLC now owns 13,526,050 shares of the financial services provider’s stock valued at $285,805,000 after acquiring an additional 54,437 shares during the period. Canyon Capital Advisors LLC increased its holdings in shares of Santander Consumer USA by 43.2% in the first quarter. Canyon Capital Advisors LLC now owns 9,703,059 shares of the financial services provider’s stock worth $205,026,000 after purchasing an additional 2,925,033 shares during the period. Windacre Partnership LLC increased its holdings in shares of Santander Consumer USA by 1.5% in the second quarter. Windacre Partnership LLC now owns 9,107,600 shares of the financial services provider’s stock worth $218,218,000 after purchasing an additional 139,000 shares during the period. Allianz Asset Management GmbH increased its holdings in shares of Santander Consumer USA by 5.1% in the second quarter. Allianz Asset Management GmbH now owns 2,308,584 shares of the financial services provider’s stock worth $55,314,000 after purchasing an additional 111,647 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of Santander Consumer USA by 1.1% in the second quarter. Bank of New York Mellon Corp now owns 1,368,686 shares of the financial services provider’s stock worth $32,794,000 after purchasing an additional 14,332 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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