Santander Consumer USA (SC) Now Covered by Goldman Sachs Group

Equities researchers at Goldman Sachs Group started coverage on shares of Santander Consumer USA (NYSE:SC) in a research report issued on Monday. The brokerage set a “buy” rating and a $21.00 price target on the financial services provider’s stock. Goldman Sachs Group’s price objective would indicate a potential upside of 20.90% from the stock’s current price.

Several other research firms also recently commented on SC. BTIG Research increased their price objective on shares of Santander Consumer USA to $21.00 and gave the company a “buy” rating in a report on Monday. Zacks Investment Research raised shares of Santander Consumer USA from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Thursday, November 2nd. J P Morgan Chase & Co increased their price objective on shares of Santander Consumer USA from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, October 30th. Jefferies Group increased their price objective on shares of Santander Consumer USA from $18.00 to $20.00 and gave the company a “buy” rating in a report on Monday, October 30th. Finally, JMP Securities increased their price target on shares of Santander Consumer USA from $16.00 to $21.00 and gave the company an “outperform” rating in a report on Monday, October 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $17.50.

Santander Consumer USA (NYSE SC) traded up $0.13 on Monday, hitting $17.37. 1,429,600 shares of the company’s stock traded hands, compared to its average volume of 1,991,676. Santander Consumer USA has a twelve month low of $11.12 and a twelve month high of $17.57. The company has a market cap of $6,252.27, a P/E ratio of 9.93 and a beta of 1.33.

Santander Consumer USA (NYSE:SC) last released its quarterly earnings data on Friday, October 27th. The financial services provider reported $0.48 EPS for the quarter, beating the consensus estimate of $0.35 by $0.13. Santander Consumer USA had a net margin of 10.17% and a return on equity of 11.33%. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the firm earned $0.56 EPS. The business’s revenue was down 4.9% on a year-over-year basis. equities research analysts predict that Santander Consumer USA will post 1.96 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in SC. Aperio Group LLC lifted its stake in Santander Consumer USA by 11.8% in the second quarter. Aperio Group LLC now owns 140,245 shares of the financial services provider’s stock worth $1,790,000 after purchasing an additional 14,774 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Santander Consumer USA by 54.9% in the second quarter. Russell Investments Group Ltd. now owns 264,135 shares of the financial services provider’s stock worth $3,371,000 after purchasing an additional 93,603 shares during the last quarter. Sei Investments Co. lifted its stake in Santander Consumer USA 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 last quarter. TD Asset Management Inc. bought a new stake in Santander Consumer USA in the second quarter worth about $133,000. Finally, Canada Pension Plan Investment Board lifted its stake in Santander Consumer USA by 289.7% in the second quarter. Canada Pension Plan Investment Board now owns 265,000 shares of the financial services provider’s stock worth $3,381,000 after purchasing an additional 197,000 shares during the last quarter. 91.44% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Santander Consumer USA (NYSE:SC)

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