Research analysts at Citigroup Inc. assumed coverage on shares of Santander Consumer USA Holdings Inc. (NYSE:SC) in a research report issued on Tuesday. The brokerage set a “neutral” rating and a $16.00 price target on the financial services provider’s stock. Citigroup Inc.’s price objective would indicate a potential upside of 3.23% from the stock’s previous close.

Several other brokerages also recently commented on SC. Zacks Investment Research upgraded Santander Consumer USA Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, September 6th. BidaskClub upgraded Santander Consumer USA Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Stephens restated an “equal weight” rating and issued a $14.00 target price on shares of Santander Consumer USA Holdings in a research note on Friday, August 25th. Piper Jaffray Companies upgraded Santander Consumer USA Holdings from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $14.00 to $17.00 in a research note on Wednesday, August 30th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $18.00 target price on shares of Santander Consumer USA Holdings in a research note on Friday, August 25th. One analyst has rated the stock with a sell rating, four have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $16.08.

Santander Consumer USA Holdings (NYSE:SC) traded down 1.55% on Tuesday, reaching $15.26. The company had a trading volume of 154,257 shares. The stock’s 50-day moving average price is $14.74 and its 200-day moving average price is $13.08. Santander Consumer USA Holdings has a 12-month low of $10.76 and a 12-month high of $15.87. The stock has a market capitalization of $5.49 billion, a P/E ratio of 8.07 and a beta of 1.29.

Santander Consumer USA Holdings (NYSE:SC) last issued its earnings results on Friday, July 28th. The financial services provider reported $0.70 EPS for the quarter, topping the consensus estimate of $0.62 by $0.08. Santander Consumer USA Holdings had a return on equity of 12.47% and a net margin of 10.40%. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the company earned $0.79 EPS. The firm’s revenue was down 5.6% compared to the same quarter last year. On average, equities research analysts anticipate that Santander Consumer USA Holdings will post $1.76 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Santander Consumer USA Holdings Inc. (SC) Coverage Initiated at Citigroup Inc.” was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark law. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2017/10/17/santander-consumer-usa-holdings-inc-sc-coverage-initiated-at-citigroup-inc.html.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sei Investments Co. raised its holdings in shares of Santander Consumer USA Holdings by 6.1% during the 2nd quarter. Sei Investments Co. now owns 9,622 shares of the financial services provider’s stock valued at $123,000 after buying an additional 555 shares in the last quarter. Meeder Asset Management Inc. raised its holdings in shares of Santander Consumer USA Holdings by 40.3% during the 1st quarter. Meeder Asset Management Inc. now owns 9,744 shares of the financial services provider’s stock valued at $129,000 after buying an additional 2,800 shares in the last quarter. TD Asset Management Inc. purchased a new position in shares of Santander Consumer USA Holdings during the 2nd quarter valued at about $133,000. The Manufacturers Life Insurance Company raised its holdings in shares of Santander Consumer USA Holdings by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,577 shares of the financial services provider’s stock valued at $135,000 after buying an additional 717 shares in the last quarter. Finally, Federated Investors Inc. PA raised its holdings in shares of Santander Consumer USA Holdings by 134.9% during the 2nd quarter. Federated Investors Inc. PA now owns 11,605 shares of the financial services provider’s stock valued at $148,000 after buying an additional 6,665 shares in the last quarter. 91.80% of the stock is currently owned by institutional investors.

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.

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

Receive News & Ratings for Santander Consumer USA Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Santander Consumer USA Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.