Santander downgraded shares of Santander Consumer USA (NYSE:SC) to an underweight rating in a research report released on Wednesday, January 16th, The Fly reports. The analysts noted that the move was a valuation call.
Several other equities research analysts have also recently commented on SC. BMO Capital Markets increased their price target on Santander Consumer USA from $26.00 to $27.00 and gave the company an outperform rating in a report on Friday, November 2nd. TheStreet raised Santander Consumer USA from a c rating to a b- rating in a research note on Wednesday, November 14th. Zacks Investment Research raised Santander Consumer USA from a hold rating to a buy rating and set a $20.00 target price for the company in a research note on Wednesday, January 2nd. Oppenheimer reissued a hold rating on shares of Santander Consumer USA in a research note on Wednesday, October 31st. Finally, ValuEngine cut Santander Consumer USA from a buy rating to a hold rating in a research note on Tuesday, October 2nd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $23.58.
Santander Consumer USA stock opened at $20.36 on Wednesday. The stock has a market cap of $7.32 billion, a P/E ratio of 8.02, a P/E/G ratio of 0.39 and a beta of 1.07. Santander Consumer USA has a 52 week low of $15.55 and a 52 week high of $21.81.
Santander Consumer USA (NYSE:SC) last posted its quarterly earnings results on Wednesday, January 30th. The financial services provider reported $0.29 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.08). Santander Consumer USA had a net margin of 13.00% and a return on equity of 13.10%. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period in the prior year, the business posted $0.27 EPS. Santander Consumer USA’s revenue for the quarter was up 8.9% compared to the same quarter last year. Analysts predict that Santander Consumer USA will post 2.64 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 21st. Investors of record on Monday, February 11th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, February 8th. This represents a $0.80 dividend on an annualized basis and a yield of 3.93%. Santander Consumer USA’s dividend payout ratio (DPR) is presently 31.50%.
A number of large investors have recently added to or reduced their stakes in SC. First Mercantile Trust Co. boosted its stake in shares of Santander Consumer USA by 105.6% during the 4th quarter. First Mercantile Trust Co. now owns 2,940 shares of the financial services provider’s stock worth $52,000 after acquiring an additional 1,510 shares in the last…