Stock analysts at Oppenheimer started coverage on shares of Santander Consumer USA (NYSE:SC) in a research note issued on Monday. The brokerage set a “hold” rating on the financial services provider’s stock.
A number of other research firms also recently issued reports on SC. Citigroup boosted their price objective on shares of Santander Consumer USA from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Monday, October 30th. Zacks Investment Research downgraded shares of Santander Consumer USA from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. BMO Capital Markets boosted their price objective on shares of Santander Consumer USA from $14.00 to $18.00 and gave the company an “outperform” rating in a report on Wednesday, September 13th. Barclays set a $15.00 price objective on shares of Santander Consumer USA and gave the company a “hold” rating in a report on Monday, October 30th. Finally, Sandler O’Neill reissued a “buy” rating and issued a $18.00 price objective (up previously from $16.00) on shares of Santander Consumer USA in a report on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $17.87.
Shares of Santander Consumer USA (SC) traded down $0.24 on Monday, reaching $18.61. 1,550,000 shares of the company were exchanged, compared to its average volume of 1,680,000. Santander Consumer USA has a twelve month low of $11.12 and a twelve month high of $18.89. The firm has a market cap of $6,700.00, a price-to-earnings ratio of 10.01 and a beta of 1.32.
Several institutional investors have recently modified their holdings of SC. IBM Retirement Fund bought a new stake in shares of Santander Consumer USA during the 2nd quarter worth approximately $110,000. Sei Investments Co. lifted its stake in Santander Consumer USA by 40.3% in the 3rd quarter. Sei Investments Co. now owns 9,074 shares of the financial services provider’s stock valued at $111,000 after purchasing an additional 2,608 shares during the last quarter. Pacad Investment Ltd. bought a new position in Santander Consumer USA in the 4th quarter valued at approximately $115,000. First Quadrant L P CA lifted its stake in Santander Consumer USA by 1,367.4% in the 3rd quarter. First Quadrant L P CA now owns 10,008 shares of the financial services provider’s stock valued at $122,000 after purchasing an additional 9,326 shares during the last quarter. Finally, Rafferty Asset Management LLC bought a new position in Santander Consumer USA in the 1st quarter valued at approximately $123,000. 91.44% of the stock is owned by institutional investors.
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Santander Consumer USA 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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