Barclays Downgrades Santander Consumer USA Holdings Inc to Equal-weight with Price Target $10.00

Brokerage firm Barclays Downgrades its rating on Santander Consumer USA Holdings Inc(NYSE:SC). In a research note issued to the investors, the brokerage major Lowers the price-target to $10.00 per share. The shares have been rated Equal-weight. Previously, the analysts had a Overweight rating on the shares. The rating by Barclays was issued on Jul 26, 2016.

In a different note, On May 11, 2016, Macquarie said it Downgrades its rating on Santander Consumer USA Holdings Inc. The shares have been rated ‘Neutral’ by the firm. On Apr 28, 2016, Keefe Bruyette & Woods said it Maintains its rating on Santander Consumer USA Holdings Inc. In the research note, the firm Raises the price-target to $12.00 per share. The shares have been rated ‘Market Perform’ by the firm.

Santander Consumer USA Holdings Inc (SC) shares turned negative on Fridays trading session with the shares closing down -0.41 points or -3.60% at a volume of 41,38,843. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $11.465. The peak price level was also seen at $11.465 while the days lowest was $10.94. Finally the shares closed at $10.99. The 52-week high of the shares is $25.6 while the 52-week low is $8.54. According to the latest information available, the market cap of the company is $3,936 M.

Santander Consumer USA Holdings Inc(SC) last announced its earnings results on Apr 27, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $1.68B. Analysts had an estimated revenue of $1.65B. Earnings per share were $0.59. Analysts had estimated an EPS of $0.56.

Several Insider Transactions has been reported to the SEC. On Jul 20, 2016, Jennifer Popp (Deputy Chief Financial Officer) sold 13,434 shares at $12.02 per share price.Also, On Sep 2, 2015, Jason W. Grubb (President & COO, Originations) sold 30,274 shares at $22.48 per share price.On Aug 17, 2015, R. Michele Rodgers (Chief Compliance Officer) sold 15,070 shares at $23.17 per share price, according to the Form-4 filing with the securities and exchange commission.

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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