Santander Consumer USA Holdings (SC) : The consensus on Santander Consumer USA Holdings (SC) based on 10 analyst recommendation on the company stock is 2.5, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 6 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Santander Consumer USA Holdings (SC).
Santander Consumer USA Holdings (SC) stock is expected to deviate a maximum of $2.4 from the average target price of $13.61 for the short term period. 9 Street Experts have initiated coverage on the stock with the most promising target being $17 and the most muted being $9.
Santander Consumer USA Holdings (NYSE:SC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.80 and $9.49 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $10.27. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.92, notching a gain of 0.20% for the day. The total traded volume was 3,316,780 . The stock had closed at $9.90 on the previous day.
Also, Macquarie downgrades its rating on Santander Consumer USA Holdings (NYSE:SC). Analysts at the Macquarie have a current rating of Neutral on the shares. The shares were previously rated Outperform. The rating by the firm was issued on May 11, 2016. The company shares have dropped -58.00% from its 1 Year high price. On Jul 30, 2015, the shares registered one year high at $25.60 and the one year low was seen on Mar 16, 2016. The 50-Day Moving Average price is $11.39 and the 200 Day Moving Average price is recorded at $11.56.
Santander Consumer USA Holdings Inc. is a holding company. The Company is a specialized consumer finance company focused on vehicle finance and unsecured consumer lending products. The Company offers various auto financing products and services to Chrysler customers and dealers under the Chrysler Capital brand. These products and services include consumer retail installment contracts and leases, as well as dealer loans for inventory, construction, real estate, working capital and revolving lines of credit. The Company also originates vehicle loans through a Web-based direct lending program, purchases vehicle retail installment contracts and services automobile and recreational and marine vehicle portfolios for other lenders. Its products and services include vehicle finance, and origination and servicing.