Credit Suisse analyst Moshe Orenbuch maintained a Buy rating on Santander Consumer USA (NYSE: SC) on June 15 and set a price target of $24. The company’s shares opened today at $19.12, close to its 52-week high of $20.46.
Orenbuch observed:
“We continue to watch recoveries as 2018 will see material off- lease volume after a period of used vehicle price stability in 2H18.”
According to TipRanks.com, Orenbuch is a 5-star analyst with an average return of 13.8% and a 74.5% success rate. Orenbuch covers the Financial sector, focusing on stocks such as Curo Group Holdings Corp, OneMain Holdings Inc, and Synchrony Financial.
Currently, the analyst consensus on Santander Consumer USA is Moderate Buy and the average price target is $21.67, representing a 13.3% upside.
In a report issued on June 15, Piper Jaffray also maintained a Buy rating on the stock with a $25 price target.
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The company has a one-year high of $20.46 and a one-year low of $11.37. Currently, Santander Consumer USA has an average volume of 2.47M.
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Santander Consumer USA Holdings, Inc. engages in the provision of consumer financing services. It offers retail installment contracts, vehicle leases, dealer loans, financial products, and services related to motorcycles, recreational vehicles, and marine vehicles. The company was founded in July 2013 and is headquartered in Dallas, TX.
