Santander Consumer USA Holdings Inc. (NYSE:SC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

According to Zacks, “Santander Consumer USA Holdings Inc. is a technology-driven consumer finance company which focused on vehicle finance and unsecured consumer lending products. The company’s vehicle finance products and services include consumer vehicle loans, vehicle leases and automotive dealer floorplan loans. Santander Consumer USA Holdings Inc. is headquartered in Dallas, Texas. “

Several other research firms have also recently commented on SC. BidaskClub cut Santander Consumer USA Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. UBS AG restated a “buy” rating and set a $15.00 price objective (down previously from $15.50) on shares of Santander Consumer USA Holdings in a research note on Wednesday, August 2nd. BMO Capital Markets lowered their price objective on Santander Consumer USA Holdings from $15.00 to $14.00 and set an “outperform” rating for the company in a research note on Monday, July 31st. Stephens restated an “equal weight” rating and set a $14.00 price objective on shares of Santander Consumer USA Holdings in a report on Friday, August 25th. Finally, ValuEngine upgraded Santander Consumer USA Holdings from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $15.91.

Santander Consumer USA Holdings (SC) traded down 0.13% on Wednesday, hitting $15.53. The stock had a trading volume of 546,101 shares. The company’s 50 day moving average is $14.18 and its 200 day moving average is $12.96. Santander Consumer USA Holdings has a 12-month low of $10.76 and a 12-month high of $15.82. The firm has a market cap of $5.58 billion, a PE ratio of 8.22 and a beta of 1.29.

Santander Consumer USA Holdings (NYSE:SC) last issued its quarterly earnings data on Friday, July 28th. The financial services provider reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.08. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.07 billion. Santander Consumer USA Holdings had a net margin of 10.40% and a return on equity of 12.47%. The firm’s revenue was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.79 EPS. On average, equities research analysts expect that Santander Consumer USA Holdings will post $1.74 EPS for the current fiscal year.

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A number of institutional investors and hedge funds have recently made changes to their positions in SC. Sei Investments Co. boosted its holdings in Santander Consumer USA Holdings by 6.1% in the second quarter. Sei Investments Co. now owns 9,622 shares of the financial services provider’s stock worth $123,000 after purchasing an additional 555 shares during the period. Meeder Asset Management Inc. increased its stake in Santander Consumer USA Holdings by 40.3% during the first quarter. Meeder Asset Management Inc. now owns 9,744 shares of the financial services provider’s stock valued at $129,000 after purchasing an additional 2,800 shares during the last quarter. TD Asset Management Inc. bought a new stake in Santander Consumer USA Holdings during the second quarter valued at $133,000. The Manufacturers Life Insurance Company increased its stake in Santander Consumer USA Holdings by 7.3% during the second quarter. The Manufacturers Life Insurance Company now owns 10,577 shares of the financial services provider’s stock valued at $135,000 after purchasing an additional 717 shares during the last quarter. Finally, Federated Investors Inc. PA increased its stake in Santander Consumer USA Holdings by 134.9% during the second quarter. Federated Investors Inc. PA now owns 11,605 shares of the financial services provider’s stock valued at $148,000 after purchasing an additional 6,665 shares during the last quarter. Hedge funds and other institutional investors own 91.80% of the company’s stock.

Santander Consumer USA Holdings Company Profile

Santander Consumer USA Holdings Inc is the holding company for Santander Consumer USA Inc, and subsidiaries, a consumer finance company focused on vehicle finance and third party servicing. The Company operates through Consumer Finance segment. Its Consumer Finance business is focused on vehicle financial products and services, including retail installment contracts, vehicle leases, and dealer loans, as well as financial products and services related to motorcycles, recreational vehicles (RVs), and marine vehicles.

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Analyst Recommendations for Santander Consumer USA Holdings (NYSE:SC)

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