Oppenheimer analyst Dominick Gabriele maintained a Hold rating on Santander Consumer USA (SC) today. The company’s shares opened today at $21.35.
Gabriele wrote:
“SC reported 1Q19 EPS of $0.70 vs. our/consensus $0.67E/$0.68E. Underlying earnings were higher as the tax rate was temporarily elevated in 1Q19. We see fairly stable earnings, and given management commentary on the call, believe there is some pressure to their original outlook. We think SC has seen a really strong bump in Chrysler penetration from 28% to 31% YoY, but this likely means 2019FY will be a tough comparable for 2020FY loan growth, and thus are modeling a slight slowdown. SC is expecting to increase its total payout to shareholders in its next CCAR ask. The current authorization is exhausted. We do, however, think the increase in payout is largely modeled in consensus estimates.”
According to TipRanks.com, Gabriele is a 3-star analyst with an average return of 4.1% and a 68.8% success rate. Gabriele covers the Financial sector, focusing on stocks such as Discover Financial Services, Credit Acceptance Corp, and Capital One Financial.
Santander Consumer USA has an analyst consensus of Moderate Buy, with a price target consensus of $23.75, implying an 11.2% upside from current levels. In a report issued on April 16, J.P. Morgan also upgraded the stock to Hold with a $23 price target.
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The company has a one-year high of $22.91 and a one-year low of $16.10. Currently, Santander Consumer USA has an average volume of 1.41M.
Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is negative on the stock.
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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, motor car, and marine vehicles. The company was founded in July 2013 and is headquartered in Dallas, TX.
