Santander Consumer USA Holdings (SC) : Traders are bullish on Santander Consumer USA Holdings (SC) as it has outperformed the S&P 500 by a wide margin of 4.51% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.1%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.55% in the last 1 week, and is up 7.11% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Santander Consumer USA Holdings (NYSE:SC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.52 and $11.22 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.93. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.60, notching a gain of 4.04% for the day. The total traded volume was 2,419,684 . The stock had closed at $11.15 on the previous day.
The stock has recorded a 20-day Moving Average of 1.78% and the 50-Day Moving Average is 2.95%. Santander Consumer USA Holdings Inc. has dropped 8.45% during the last 3-month period . Year-to-Date the stock performance stands at -26.81%.
Santander Consumer USA Holdings (SC) : The most positive equity analysts on Santander Consumer USA Holdings (SC) expects the shares to touch $17, whereas, the least positive believes that the stock will trade at $9 in the short term. The company is covered by 9 Wall Street Brokerage Firms. The average price target for shares are $13.06 with an expected fluctuation of $2.6 from the mean.
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.