news

Publication Date
Headline
Outlet
URL
Snippet
04-Feb-2018
Santander Consumer USA (SC) Upgraded to Overweight at JPMorgan Chase & Co.
Ledger Gazette
Click to open
Santander Consumer USA (NYSE:SC) was upgraded by stock analysts at JPMorgan Chase
& Co. from a “neutral” rating to an “overweight” rating in a report issued on Friday, January
12th. The brokerage presently has a $16.00 price objective on the financial services
provider’s stock, down from their prior price objective of $20.50. JPMorgan Chase & Co.’s
target price would indicate a potential downside of 5.27% from the company’s previous
close.
A number of other brokerages also recently issued reports on SC. Oppenheimer began
coverage on shares of Santander Consumer USA in a report on Monday, January 8th. They
set a “hold” rating for the company. Zacks Investment Research downgraded shares of
Santander Consumer USA from a “hold” rating to a “sell” rating in a report on Tuesday,
January 2nd. Barclays set a $18.00 target price on shares of Santander Consumer USA
and gave the company a “hold” rating in a report on Tuesday, December 12th. BTIG
Research lifted their target price on shares of Santander Consumer USA to $21.00 and
gave the company a “buy” rating in a report on Monday, December 4th. Finally, Goldman
Sachs Group started coverage on shares of Santander Consumer USA in a report on
Monday, December 4th. They issued a “buy” rating and a $21.00 target price for the
company. One analyst has rated the stock with a sell rating, six have given a hold rating,
eleven have given a buy rating and one has assigned a strong buy rating to the stock. The
stock currently has a consensus rating of “Buy” and a consensus target price of $18.90.
Get Santander Consumer USA alerts:
Shares of Santander Consumer USA ( NYSE:SC ) traded down $0.55 during midday trading
on Friday, hitting $16.89. 4,019,029 shares of the stock were exchanged, compared to its
average volume of 2,365,433. The firm has a market cap of $6,277.47, a P/E ratio of 5.12, a
P/E/G ratio of 4.14 and a beta of 1.16. Santander Consumer USA has a fifty-two week low
of $11.12 and a fifty-two week high of $19.02.
Santander Consumer USA (NYSE:SC) last announced its quarterly earnings results on
Wednesday, January 31st. The financial services provider reported $0.27 earnings per
share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.03).
The firm had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.58
billion. Santander Consumer USA had a return on equity of 11.78% and a net margin of
18.09%. During the same quarter in the prior year, the business earned $0.17 EPS.
analysts predict that Santander Consumer USA will post 2.11 earnings per share for the
current year.
Several large investors have recently bought and sold shares of SC. The Manufacturers Life
Insurance Company grew its stake in shares of Santander Consumer USA by 7.3% in the
second quarter. The Manufacturers Life Insurance Company now owns 10,577 shares of
the financial services provider’s stock worth $135,000 after acquiring an additional 717
shares in the last quarter. Federated Investors Inc. PA grew its stake in shares of
Santander Consumer USA by 134.9% in the second quarter. Federated Investors Inc. PA
now owns 11,605 shares of the financial services provider’s stock worth $148,000 after
acquiring an additional 6,665 shares in the last quarter. State of Alaska Department of
Revenue acquired a new position in shares of Santander Consumer USA in the fourth
quarter worth $161,000. Crow Point Partners LLC grew its stake in shares of Santander
Consumer USA by 59.8% in the fourth quarter. Crow Point Partners LLC now owns 9,348
shares of the financial services provider’s stock worth $174,000 after acquiring an additional
3,500 shares in the last quarter. Finally, Numeric Investors LLC acquired a new position in
shares of Santander Consumer USA in the second quarter worth $189,000. Institutional
investors and hedge funds own 91.90% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: This story was reported by The Ledger Gazette and is
owned by of The Ledger Gazette. If you are accessing this story on another domain, it was
illegally stolen and republished in violation of international trademark & copyright legislation.
The original version of this story can be viewed at
https://ledgergazette.com/2018/02/04/santander-consumer-usa-sc-rating-increased-tooverweight-at-jpmorgan-chase-co.html.
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.