Latest Stocks: Santander Consumer USA Holdings Inc (SC) Earns “Buy” Rating from Jefferies Group LLC

Latest Stocks: Santander Consumer USA Holdings Inc (SC) Earns “Buy” Rating from Jefferies Group LLC

Santander Consumer USA Holdings Inc (NYSE:SC)‘s stock had its “buy” rating reiterated by Jefferies Group LLC in a research report issued on Friday, May 12th. They presently have a $18.00 price target on the financial services provider’s stock. Jefferies Group LLC’s price objective suggests a potential upside of 57.34% from the stock’s previous close.

Several other analysts also recently weighed in on the company. Compass Point upgraded Santander Consumer USA Holdings from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $13.50 to $16.00 in a research report on Thursday, April 27th. Zacks Investment Research upgraded Santander Consumer USA Holdings from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 29th. TheStreet upgraded Santander Consumer USA Holdings from an “e+” rating to a “c-” rating in a research report on Monday, January 23rd. Susquehanna Bancshares Inc assumed coverage on Santander Consumer USA Holdings in a research report on Monday, January 23rd. They issued a “neutral” rating and a $14.00 target price for the company. Finally, Citigroup Inc downgraded Santander Consumer USA Holdings from a “buy” rating to a “neutral” rating in a research report on Thursday, January 12th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. Santander Consumer USA Holdings presently has a consensus rating of “Hold” and an average price target of $14.64.

Santander Consumer USA Holdings (NYSE:SC) opened at 11.44 on Friday. The stock’s 50 day moving average is $12.23 and its 200-day moving average is $13.35. The firm has a market capitalization of $4.11 billion, a PE ratio of 5.87 and a beta of 1.22. Santander Consumer USA Holdings has a 52-week low of $9.48 and a 52-week high of $15.47.

In other Santander Consumer USA Holdings news, COO Richard Morrin sold 9,791 shares of the firm’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $12.52, for a total value of $122,583.32. Following the completion of the sale, the chief operating officer now owns 80,663 shares of the company’s stock, valued at $1,009,900.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Ismail Dawood acquired 5,000 shares of Santander Consumer USA Holdings stock in a transaction on Thursday, June 1st. The stock was purchased at an average cost of $11.25 per share, with a total value of $56,250.00. Following the purchase, the chief financial officer now directly owns 122,609 shares of the company’s stock, valued at approximately $1,379,351.25. The disclosure for this purchase can be found here. Company insiders own 11.56% of the company’s stock. Hedge funds and other institutional investors have recently bought and sold shares of the stock. Pacad Investment Ltd. bought a new position in Santander Consumer USA Holdings during the fourth quarter worth $115,000. Sei Investments Co. raised its position in Santander Consumer USA Holdings by 40.3% in the third quarter. Sei Investments Co. now owns 9,074 shares of the financial services provider’s stock worth $111,000 after buying an additional 2,608 shares in the last quarter. Meeder Asset Management Inc. raised its position in Santander Consumer USA Holdings by 40.3% in the first quarter. Meeder Asset Management Inc. now owns 9,744 shares of the financial services provider’s stock worth $129,000 after buying an additional 2,800 shares in the last quarter. Amalgamated Bank raised its position in Santander Consumer USA Holdings by 3.4% in the first quarter. Amalgamated Bank now owns 15,158 shares of the financial services provider’s stock worth $202,000 after buying an additional 496 shares in the last quarter. Finally, Sciencast Management LP bought a new position in Santander Consumer USA Holdings during the fourth quarter worth $224,000. Institutional investors own 33.21% of the company’s stock.

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