Santander Consumer USA (NYSE:SC) Now Covered by Analysts at Bank of America

Investment analysts at Bank of America began coverage on shares of Santander Consumer USA (NYSE:SC) in a research note issued on Monday, Benzinga reports. The firm set a “buy” rating and a $36.00 price target on the financial services provider’s stock. Bank of America‘s price target would indicate a potential upside of 17.88% from the company’s current price.

SC has been the subject of a number of other reports. The Goldman Sachs Group lowered shares of Santander Consumer USA from a “neutral” rating to a “sell” rating and set a $21.00 price objective for the company. in a research report on Thursday, January 7th. JPMorgan Chase & Co. raised their price objective on shares of Santander Consumer USA from $27.00 to $29.00 in a research report on Thursday, April 15th. Piper Sandler upgraded shares of Santander Consumer USA from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $22.00 to $28.00 in a research report on Thursday, February 4th. Barclays raised their price objective on shares of Santander Consumer USA from $23.00 to $26.00 in a research report on Thursday, February 4th. Finally, Zacks Investment Research lowered shares of Santander Consumer USA from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. Santander Consumer USA currently has a consensus rating of “Hold” and a consensus price target of $27.45.

SC opened at $30.54 on Monday. The company has a market capitalization of $9.35 billion, a price-to-earnings ratio of 17.96 and a beta of 1.15. The company has a quick ratio of 59.10, a current ratio of 59.10 and a debt-to-equity ratio of 8.12. The firm has a 50-day moving average price of $27.67 and a 200-day moving average price of $23.82. Santander Consumer USA has a twelve month low of $12.15 and a twelve month high of $31.49.

Santander Consumer USA (NYSE:SC) last posted its earnings results on Tuesday, February 2nd. The financial services provider reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.57. Santander Consumer USA had a net margin of 6.66% and a return on equity of 9.54%. The firm had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter last year, the company earned $0.43 earnings per share. On average, sell-side analysts expect that Santander Consumer USA will post 2.28 earnings per share for the current fiscal year.

In other Santander Consumer USA news, insider Christopher Keith Pfirrman sold 15,277 shares of Santander Consumer USA stock in a transaction that occurred on Tuesday, February 9th. The shares were sold at an average price of $25.79, for a total transaction of $393,993.83. Following the transaction, the insider now directly owns 39,531 shares of the company’s stock, valued at $1,019,504.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.13% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Los Angeles Capital Management LLC purchased a new position in shares of Santander Consumer USA in the fourth quarter worth $790,000. Squarepoint Ops LLC increased its stake in shares of Santander Consumer USA by 205.2% in the fourth quarter. Squarepoint Ops LLC now owns 56,137 shares of the financial services provider’s stock worth $1,236,000 after buying an additional 37,741 shares during the period. BlackRock Inc. increased its stake in shares of Santander Consumer USA by 80.0% in the fourth quarter. BlackRock Inc. now owns 5,622,454 shares of the financial services provider’s stock worth $123,806,000 after buying an additional 2,498,737 shares during the period. Accretive Wealth Partners LLC purchased a new position in shares of Santander Consumer USA in the fourth quarter worth $927,000. Finally, ExodusPoint Capital Management LP purchased a new position in Santander Consumer USA during the 4th quarter valued at $347,000.

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. It offers vehicle financial products and services, including 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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