Santander Consumer USA Holdings’s Neutral Rating Reaffirmed at Macquarie (SC)
Santander Consumer USA Holdings (NYSE:SC)‘s stock had its “neutral” rating restated by investment analysts at Macquarie in a note issued to investors on Monday. They currently have a $21.00 price objective on the stock, down from their previous price objective of $22.00. Macquarie’s price target would suggest a potential upside of 12.06% from the company’s current price.
Santander Consumer USA Holdings (NYSE:SC) traded down 0.48% during mid-day trading on Monday, hitting $18.65. 16,267 shares of the company’s stock traded hands. Santander Consumer USA Holdings has a 52-week low of $17.35 and a 52-week high of $26.50. The stock has a 50-day moving average of $19.00 and a 200-day moving average of $21.63. The company has a market cap of $6.508 billion and a price-to-earnings ratio of 11.94.
Santander Consumer USA Holdings (NYSE:SC) last announced its earnings results on Thursday, July 31st. The company reported $0.69 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.60 by $0.09. Analysts expect that Santander Consumer USA Holdings will post $2.31 EPS for the current fiscal year.
A number of other firms have also recently commented on SC. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Santander Consumer USA Holdings in a research note on Friday, August 1st. They now have a $23.00 price target on the stock, down previously from $24.00. Separately, analysts at Compass Point initiated coverage on shares of Santander Consumer USA Holdings in a research note on Tuesday, July 8th. They set a “neutral” rating and a $23.00 price target on the stock. Finally, 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. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Santander Consumer USA Holdings has an average rating of “Buy” and an average price target of $25.46.
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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