Santander Consumer USA (NYSE:SC) Rating Increased to Buy at ValuEngine

Santander Consumer USA (NYSE:SC) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, ValuEngine reports. Several other brokerages have also recently weighed in on SC. Zacks Investment Research cut Santander Consumer USA from a “hold” rating to a “sell” […]

Santander Consumer USA logoSantander Consumer USA (NYSE:SC) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, ValuEngine reports.

Several other brokerages have also recently weighed in on SC. Zacks Investment Research cut Santander Consumer USA from a “hold” rating to a “sell” rating in a research report on Tuesday, July 21st. Piper Sandler decreased their price target on shares of Santander Consumer USA from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Thursday, July 30th. UBS Group lifted their price target on shares of Santander Consumer USA from $16.00 to $20.00 and gave the stock a “neutral” rating in a research note on Monday, June 22nd. Finally, JPMorgan Chase & Co. downgraded shares of Santander Consumer USA from a “neutral” rating to an “underweight” rating and set a $14.50 price target on the stock. in a research note on Wednesday, July 15th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $19.08.

NYSE:SC opened at $19.26 on Thursday. The company has a debt-to-equity ratio of 8.30, a current ratio of 58.77 and a quick ratio of 58.77. The business has a fifty day simple moving average of $17.53 and a two-hundred day simple moving average of $16.80. Santander Consumer USA has a 1 year low of $9.74 and a 1 year high of $27.20. The company has a market capitalization of $6.08 billion, a P/E ratio of 24.38 and a beta of 1.20.

Santander Consumer USA (NYSE:SC) last announced its quarterly earnings results on Wednesday, July 29th. The financial services provider reported ($0.30) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by ($0.11). The company had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Santander Consumer USA had a net margin of 3.47% and a return on equity of 4.50%. During the same quarter last year, the firm posted $1.05 earnings per share. As a group, analysts anticipate that Santander Consumer USA will post 0.14 earnings per share for the current year.

In related news, insider Joshua Baer sold 6,683 shares of the company’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $18.23, for a total value of $121,831.09. Following the transaction, the insider now owns 11,091 shares in the company, valued at approximately $202,188.93. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.10% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in SC. Windacre Partnership LLC grew its stake in Santander Consumer USA by 23.6% during the 2nd quarter. Windacre Partnership LLC now owns 13,884,600 shares of the financial services provider’s stock worth $255,615,000 after buying an additional 2,654,524 shares during the last quarter. FMR LLC grew its stake in Santander Consumer USA by 1.1% during the 2nd quarter. FMR LLC now owns 12,996,718 shares of the financial services provider’s stock worth $239,269,000 after buying an additional 139,262 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in Santander Consumer USA by 493.2% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,063,466 shares of the financial services provider’s stock worth $19,579,000 after buying an additional 884,179 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Santander Consumer USA by 8.5% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,000,497 shares of the financial services provider’s stock worth $18,419,000 after buying an additional 78,783 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in Santander Consumer USA by 93.4% during the 2nd quarter. Bank of America Corp DE now owns 826,699 shares of the financial services provider’s stock worth $15,219,000 after buying an additional 399,249 shares during the last quarter.

Santander Consumer USA Company Profile

Santander Consumer USA Holdings Inc, a specialized consumer finance company, provides vehicle finance and third-party servicing in the United States. Its products and services include retail installment contracts and vehicle leases, as well as dealer loans for inventory, construction, real estate, working capital, and revolving lines of credit.

See Also: Understanding the two types of arbitrage

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Santander Consumer USA (NYSE:SC)

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

Next Post

APO Group - Africa Newsroom / Press release

AdvertisingAgricultureAviation/AirlinesBanking/FinanceBooksChemicalCinemaComputersCulture/ArtsDefense/AerospaceEducationElectricityEntertainmentEnvironmentFood/BeveragesHealthInfectious DiseasesInfrastructureInsuranceInternet TechnologyInvestmentLogisticsMaritimeMiningMobileMotoringMusicOil and GasPharmaceuticalRenewable energyRetailSportTelecommunicationsTextileTobaccoTourismTransportWood/ForestAfrican DevelopmentAnimalsAsiaAwardsBasketballBusinessChildrenCoronavirusCyclingEconomyEnergyEuropean GovernmentEvents/Media AdvisoryForeign PolicyHandicapped/DisabledHumanitarian AidJustice/Legal issuesLabour marketNot For ProfitOil/Gas discoveriesPersonnel announcementsReligionRugbyTechnologyTradeUrbanism/CitiesWater/SanitationWomenAfghanistanAfricaAlbaniaAlgeriaAmbazoniaAngolaArgentinaArmeniaAustraliaAustriaBahrainBelarusBelgiumBeninBotswanaBrazilBrunei DarussalamBulgariaBurkina FasoBurundiCaliforniaCameroonCanadaCape VerdeCentral African RepublicChadChileChinaComorosCongo (Republic of the)CroatiaCroatieCubaCyprusCzech RepublicDemocratic Republic of CongoDenmarkDjiboutiEgyptEquatorial GuineaEritreaEstoniaESwatiniEthiopiaFinlandFranceGabonGambiaGermanyGhanaGreeceGuineaGuinea-BissauGuyanaHong KongHungaryIllinoisIndiaIraqIrelandIslamic Republic of IranIsraelItalyIvory CoastJamaicaJapanJordanKenyaKingdom of Saudi ArabiaKuwaitLatviaLebanonLesothoLiberiaLibyaLithuaniaLuxembourgMadagascarMalawiMalaysiaMaldivesMaliMaltaMauritaniaMauritiusMiddle EastMonacoMoroccoMozambiqueNamibiaNepalNetherlandsNew ZealandNigerNigeriaNORTH SUDANNorwayOMANOmanPakistanPeople’s Republic of BangladeshPhilippinesPolandPortugalQATARRepublic of KoreaRomaniaRussiaRwandaSao Tome and PrincipeSenegalSeychellesSierra LeoneSingaporeSloveniaSomaliaSomalilandSouth […]