Santander Consumer USA (SC) Gets a Buy Rating from Jefferies

Jefferies analyst John Hecht assigned a Buy rating to Santander Consumer USA (SCResearch Report) on July 29 and set a price target of $22.00. The company’s shares closed last Wednesday at $18.16.

According to TipRanks.com, Hecht is a 5-star analyst with an average return of 9.5% and a 69.4% success rate. Hecht covers the Financial sector, focusing on stocks such as Apollo Investment Corp, Regional Management, and Synchrony Financial.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Santander Consumer USA with a $19.93 average price target, a 7.8% upside from current levels. In a report issued on July 29, Credit Suisse also maintained a Buy rating on the stock with a $22.00 price target.

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The company has a one-year high of $27.21 and a one-year low of $9.74. Currently, Santander Consumer USA has an average volume of 1.05M.

Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SC in relation to earlier this year.

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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.