Santander Consumer USA Holdings Receives New Coverage from Analysts at Macquarie (SC)
Analysts at Macquarie started coverage on shares of Santander Consumer USA Holdings (NYSE:SC) in a research report issued to clients and investors on Wednesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
A number of other firms have also recently commented on SC. Analysts at Compass Point initiated coverage on shares of Santander Consumer USA Holdings in a research note on Tuesday. They set a “neutral” rating and a $23.00 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Santander Consumer USA Holdings in a research note on Tuesday, June 17th. They now have a $22.00 price target on the stock, down previously from $28.00. Finally, analysts at Credit Suisse cut their price target on shares of Santander Consumer USA Holdings from $29.00 to $26.00 in a research note on Tuesday, June 17th. They now have an “outperform” rating on the stock. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Santander Consumer USA Holdings currently has an average rating of “Buy” and an average target price of $25.92.
Shares of Santander Consumer USA Holdings (NYSE:SC) traded up 1.10% on Wednesday, hitting $19.25. 2,048,025 shares of the company’s stock traded hands. Santander Consumer USA Holdings has a 52-week low of $18.31 and a 52-week high of $26.50. The stock has a 50-day moving average of $19. and a 200-day moving average of $22.61. The company has a market cap of $6.714 billion and a price-to-earnings ratio of 13.62. Santander Consumer USA Holdings also was the target of a significant increase in short interest during the month of June. As of June 13th, there was short interest totalling 3,438,143 shares, an increase of 133.2% from the May 30th total of 1,474,261 shares. Approximately 3.9% of the company’s stock are sold short. Based on an average trading volume of 3,778,897 shares, the days-to-cover ratio is currently 0.9 days.
Santander Consumer USA Holdings (NYSE:SC) last announced its earnings results on Thursday, May 1st. The company reported $0.44 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.44. On average, analysts predict that Santander Consumer USA Holdings will post $2.18 earnings per share for the current fiscal year.
Santander Consumer USA Holdings Inc is a full-service, consumer finance company focused on vehicle finance and unsecured consumer lending products.
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