Analyst Rating Update on Santander Consumer USA Holdings (SC)

Santander Consumer USA Holdings (SC) : 2 brokerage houses believe that Santander Consumer USA Holdings (SC) is a Strong Buy at current levels. 7 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Santander Consumer USA Holdings (SC). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 10 Wall Street Analysts endorse the stock as a Hold with a rating of 2.7.

Santander Consumer USA Holdings (SC) : The highest level Santander Consumer USA Holdings (SC) is projected to reach is $17 for the short term and the lowest estimate is at $9. The consolidated price target from 9 rating analysts who initiate coverage on the stock is $13.06 and the possibility the share price can swing is $2.6.

Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the Brokerage Firm, Barclays, downgrades their rating on the shares of Santander Consumer USA Holdings (NYSE:SC). Barclays has a Equal-weight rating on the shares. Previously, the analysts had a Overweight rating on the shares. As per the latest research report, the brokerage house lowers the price target to $10 per share from a prior target of $15. The rating by the firm was issued on July 26, 2016.


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 $10.74 and $10.62 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.20. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.15, notching a gain of 3.43% for the day. The total traded volume was 3,160,480 . The stock had closed at $10.78 on the previous day.

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.

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