Santander Consumer USA Holdings (NYSE: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 Inc. has lost 3.55% in the last five trading days and dropped 18.73% in the last 4 weeks. Santander Consumer USA Holdings Inc. has dropped 3.91% during the last 3-month period . Year-to-Date the stock performance stands at -34.83%. Also, Macquarie downgrades their rating on the shares of Santander Consumer USA Holdings (NYSE:SC). The current rating of the shares is Neutral. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on May 11, 2016.
Santander Consumer USA Holdings (NYSE:SC) : The consensus on Santander Consumer USA Holdings (NYSE: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 (NYSE:SC).
Santander Consumer USA Holdings (NYSE:SC): The stock opened at $10.59 on Thursday but the bulls could not build on the opening and the stock topped out at $10.79 for the day. The stock traded down to $9.95 during the day, due to lack of any buying support eventually closed down at $10.33 with a loss of -1.62% for the day. The stock had closed at $10.50 on the previous day. The total traded volume was 3,700,241 shares.
In an insider trading activity,The officer (Deputy Chief Financial Officer) of Santander Consumer Usa Holdings Inc., Popp Jennifer sold 1,144 shares at $10.28 on February 29, 2016. The Insider selling transaction had a total value worth of $11,760. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.