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Research analysts at Jefferies Group initiated coverage on shares of Santander Consumer USA Holdings (NYSE:SC) in a report released on Thursday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $24.00 price target on the stock. Jefferies Group’s price target indicates a potential upside of 26.32% from the company’s current price.

Shares of Santander Consumer USA Holdings (NYSE:SC) traded up 0.05% during mid-day trading on Thursday, hitting $19.00. 2,243,912 shares of the company’s stock traded hands. Santander Consumer USA Holdings has a one year low of $17.35 and a one year high of $26.50. The stock’s 50-day moving average is $18.90 and its 200-day moving average is $21.26. The company has a market cap of $6.630 billion and a P/E ratio of 12.10.

Santander Consumer USA Holdings (NYSE:SC) last announced its earnings results on Thursday, July 31st. The company reported $0.69 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.60 by $0.09. On average, analysts predict that Santander Consumer USA Holdings will post $2.32 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Macquarie reiterated a “neutral” rating on shares of Santander Consumer USA Holdings in a research note on Monday, August 25th. They now have a $21.00 price target on the stock, down previously from $22.00. Separately, 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. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $25.36.

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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