Santander Consumer USA Holdings Inc. (NYSE:SC) Receives $36.96 Average Price Target from Brokerages

Santander Consumer USA Holdings Inc. (NYSE:SC) has earned an average rating of “Hold” from the fourteen ratings firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $36.96.

A number of equities research analysts recently issued reports on the company. Stephens increased their price target on Santander Consumer USA from $40.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 29th. Barclays raised their target price on Santander Consumer USA from $39.00 to $41.00 and gave the company an “equal weight” rating in a report on Monday. Credit Suisse Group downgraded Santander Consumer USA from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $42.00 to $41.50 in a report on Tuesday, August 24th. Compass Point cut Santander Consumer USA from a “buy” rating to a “neutral” rating and increased their price target for the company from $35.00 to $39.00 in a research note on Friday, July 2nd. Finally, Zacks Investment Research cut Santander Consumer USA from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 29th.

Shares of NYSE SC opened at $41.66 on Monday. The firm has a market cap of $12.75 billion, a P/E ratio of 4.55, a price-to-earnings-growth ratio of 0.25 and a beta of 1.11. The company has a current ratio of 45.46, a quick ratio of 45.46 and a debt-to-equity ratio of 5.28. Santander Consumer USA has a 1-year low of $19.56 and a 1-year high of $42.39. The business’s 50 day moving average is $41.53 and its 200-day moving average is $37.93.

Santander Consumer USA (NYSE:SC) last announced its earnings results on Wednesday, July 28th. The financial services provider reported $3.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.92 by $1.53. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.99 billion. Santander Consumer USA had a return on equity of 46.51% and a net margin of 34.85%. Analysts forecast that Santander Consumer USA will post 8.54 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 19th. Stockholders of record on Monday, August 9th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.11%. The ex-dividend date was Friday, August 6th. Santander Consumer USA’s dividend payout ratio (DPR) is presently 30.66%.

Several institutional investors and hedge funds have recently modified their holdings of the company. Parametric Portfolio Associates LLC grew its stake in shares of Santander Consumer USA by 22.1% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 304,692 shares of the financial services provider’s stock valued at $11,066,000 after buying an additional 55,209 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in shares of Santander Consumer USA in the 2nd quarter valued at about $434,000. Marshall Wace North America L.P. grew its stake in shares of Santander Consumer USA by 8.8% in the 2nd quarter. Marshall Wace North America L.P. now owns 711,269 shares of the financial services provider’s stock valued at $25,833,000 after buying an additional 57,778 shares during the period. Denali Advisors LLC grew its stake in shares of Santander Consumer USA by 24.8% in the 2nd quarter. Denali Advisors LLC now owns 1,509 shares of the financial services provider’s stock valued at $55,000 after buying an additional 300 shares during the period. Finally, Walleye Capital LLC acquired a new stake in shares of Santander Consumer USA in the 2nd quarter valued at about $669,000. Institutional investors own 99.56% of the company’s stock.

About Santander Consumer USA

Santander Consumer USA Holdings, Inc engages in the provision of consumer financing services. It offers retail installment contracts, vehicle leases, dealer loans, financial products, and services related to motorcycles, motor car, and marine vehicles. The company was founded in July 2013 and is headquartered in Dallas, TX.

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Analyst Recommendations for Santander Consumer USA (NYSE:SC)

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