BTIG Downgrades Santander Consumer USA (SC) to Hold


Santander Consumer USA (SC) received a Hold rating from BTIG analyst Giuliano Bologna yesterday. The company’s shares closed yesterday at $27.51, close to its 52-week high of $27.63.

According to TipRanks.com, Bologna is ranked #4750 out of 5258 analysts.

The word on The Street in general, suggests a Hold analyst consensus rating for Santander Consumer USA with a $25.57 average price target, implying a -7.1% downside from current levels. In a report issued on July 17, Janney Montgomery also downgraded the stock to Hold with a $27 price target.

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Based on Santander Consumer USA’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $368 million. In comparison, last year the company had a net profit of $335 million.

Based on the recent corporate insider activity of 42 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.

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