Santander Consumer USA (NYSE:SC) received a $18.00 target price from equities research analysts at Barclays in a report released on Tuesday. The brokerage currently has a “hold” rating on the financial services provider’s stock. Barclays’ target price would indicate a potential upside of 0.06% from the company’s current price.
Other equities analysts have also recently issued research reports about the stock. J P Morgan Chase & Co lifted their target price on shares of Santander Consumer USA from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. Jefferies Group lifted their target price on shares of Santander Consumer USA from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, October 30th. Citigroup lifted their target price on shares of Santander Consumer USA from $16.00 to $17.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. Goldman Sachs Group began coverage on shares of Santander Consumer USA in a research report on Monday, December 4th. They set a “buy” rating and a $21.00 target price for the company. Finally, Zacks Investment Research cut shares of Santander Consumer USA from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $17.69.
Shares of Santander Consumer USA (SC) opened at $17.99 on Tuesday. Santander Consumer USA has a 52 week low of $11.12 and a 52 week high of $18.73. The company has a market cap of $6,475.45, a PE ratio of 10.28 and a beta of 1.33.
Several hedge funds and other institutional investors have recently modified their holdings of SC. Dimensional Fund Advisors LP grew its holdings in shares of Santander Consumer USA by 28.0% during the second quarter. Dimensional Fund Advisors LP now owns 4,420,715 shares of the financial services provider’s stock worth $56,411,000 after buying an additional 966,516 shares in the last quarter. Rubric Capital Management LP purchased a new stake in Santander Consumer USA in the third quarter valued at approximately $13,953,000. Marshall Wace North America L.P. purchased a new stake in Santander Consumer USA in the second quarter valued at approximately $9,178,000. ALGEBRIS UK Ltd purchased a new stake in Santander Consumer USA in the second quarter valued at approximately $8,639,000. Finally, Vanguard Group Inc. grew its holdings in Santander Consumer USA by 4.7% in the second quarter. Vanguard Group Inc. now owns 9,032,559 shares of the financial services provider’s stock valued at $115,256,000 after purchasing an additional 403,894 shares during the period. Institutional investors and hedge funds own 91.44% of the company’s stock.
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About Santander Consumer USA
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.
