UBS Group Raises Santander Consumer USA (NYSE:SC) Price Target to $20.00

Santander Consumer USA (NYSE:SC) had its price objective increased by UBS Group from $16.00 to $20.00 in a report issued on Monday morning, BenzingaRatingsTable reports. They currently have a neutral rating on the financial services provider’s stock.

Several other research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Santander Consumer USA from a hold rating to a sell rating in a research report on Tuesday, June 9th. Barclays lowered shares of Santander Consumer USA from an equal weight rating to an underweight rating and set a $13.00 target price on the stock. in a research report on Tuesday, March 17th. Piper Sandler upped their target price on shares of Santander Consumer USA from $16.00 to $19.00 and gave the stock a neutral rating in a research report on Wednesday, June 17th. ValuEngine upgraded shares of Santander Consumer USA from a sell rating to a hold rating in a research report on Tuesday, May 26th. Finally, JMP Securities increased their price target on shares of Santander Consumer USA from $19.00 to $22.00 and gave the company a market outperform rating in a research report on Thursday, April 30th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. The company has an average rating of Hold and an average target price of $22.78.

Shares of Santander Consumer USA stock opened at $18.90 on Monday. The company has a quick ratio of 63.41, a current ratio of 63.41 and a debt-to-equity ratio of 7.82. The company’s 50-day simple moving average is $17.32 and its 200-day simple moving average is $19.93. Santander Consumer USA has a 52-week low of $9.74 and a 52-week high of $27.75. The firm has a market cap of $5.86 billion, a price-to-earnings ratio of 8.83 and a beta of 1.25.

Santander Consumer USA (NYSE:SC) last issued its earnings results on Tuesday, April 28th. The financial services provider reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.75). Santander Consumer USA had a return on equity of 10.95% and a net margin of 9.32%. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the previous year, the company posted $0.70 earnings per share. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. Equities research analysts anticipate that Santander Consumer USA will post 0.01 EPS for the current year.

In other news, CEO Mahesh Aditya acquired 5,000 shares of Santander Consumer USA stock in a transaction that occurred on Friday, May 1st. The shares were acquired at an average price of $14.96 per share, with a total value of $74,800.00. Following the completion of the purchase, the chief executive officer now owns 5,000 shares of the company’s stock, valued at approximately $74,800. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.10% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in SC. Victory Capital Management Inc. lifted its stake in shares of Santander Consumer USA by 0.4% during the fourth quarter. Victory Capital Management Inc. now owns 520,849 shares of the financial services provider’s stock valued at $12,172,000 after buying an additional 2,270 shares during the period. Quantbot Technologies LP lifted its stake in shares of Santander Consumer USA by 51.4% during the fourth quarter. Quantbot Technologies LP now owns 27,069 shares of the financial services provider’s stock valued at $632,000 after buying an additional 9,192 shares during the period. Rafferty Asset Management LLC lifted its stake in shares of Santander Consumer USA by 6.9% during the fourth quarter. Rafferty Asset Management LLC now owns 16,710 shares of the financial services provider’s stock valued at $391,000 after buying an additional 1,081 shares during the period. Bank of Montreal Can raised its stake in Santander Consumer USA by 121.2% during the fourth quarter. Bank of Montreal Can now owns 216,285 shares of the financial services provider’s stock worth $5,055,000 after purchasing an additional 118,502 shares during the period. Finally, LSV Asset Management raised its stake in Santander Consumer USA by 0.3% during the fourth quarter. LSV Asset Management now owns 1,072,800 shares of the financial services provider’s stock worth $25,071,000 after purchasing an additional 2,700 shares during the period.

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.

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Analyst Recommendations for Santander Consumer USA (NYSE:SC)

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