Santander Consumer USA (NYSE:SC) Trading Up 28.7%

Santander Consumer USA Holdings Inc (NYSE:SC)’s share price was up 28.7% on Wednesday . The company traded as high as $13.05 and last traded at $16.60, approximately 256,952 shares were traded during mid-day trading. A decline of 91% from the average daily volume of 2,716,521 shares. The stock had previously closed at $12.90.

A number of research analysts have weighed in on SC shares. Stephens raised their price objective on shares of Santander Consumer USA from $23.00 to $27.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. Zacks Investment Research raised shares of Santander Consumer USA from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 21st. Finally, Barclays lowered shares of Santander Consumer USA from an “equal weight” rating to an “underweight” rating and set a $13.00 price objective on the stock. in a research note on Tuesday, March 17th. Three equities research analysts have rated the stock with a sell rating and eleven have issued a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $24.11.

The company has a quick ratio of 62.53, a current ratio of 62.53 and a debt-to-equity ratio of 5.36. The business’s 50-day moving average is $22.34 and its two-hundred day moving average is $23.93. The company has a market capitalization of $5.82 billion, a P/E ratio of 5.65, a price-to-earnings-growth ratio of 2.35 and a beta of 0.80.

Santander Consumer USA (NYSE:SC) last released its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. Santander Consumer USA had a net margin of 12.66% and a return on equity of 13.64%. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period last year, the firm earned $0.29 earnings per share. The firm’s revenue was up 1.5% on a year-over-year basis. Analysts predict that Santander Consumer USA Holdings Inc will post 2.74 EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Squarepoint Ops LLC increased its holdings in Santander Consumer USA by 313.1% during the third quarter. Squarepoint Ops LLC now owns 74,364 shares of the financial services provider’s stock worth $1,897,000 after buying an additional 56,364 shares during the last quarter. Canyon Capital Advisors LLC increased its holdings in Santander Consumer USA by 9.7% during the third quarter. Canyon Capital Advisors LLC now owns 10,620,000 shares of the financial services provider’s stock worth $270,916,000 after buying an additional 934,741 shares during the last quarter. LSV Asset Management increased its holdings 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 buying an additional 2,700 shares during the last quarter. Bank of Montreal Can increased its holdings 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 buying an additional 118,502 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in Santander Consumer USA by 17.0% during the fourth quarter. Renaissance Technologies LLC now owns 1,941,800 shares of the financial services provider’s stock worth $45,380,000 after buying an additional 282,400 shares during the last quarter.

Santander Consumer USA Company Profile (NYSE:SC)

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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