Bank of America reduced shares of Santander Customer USA Holdings from a neutral rating to an under-perform rating in a research note issued to investors on Thursday. The company currently has $16.00 price target on the stock, down from their previous rate target of $19.00.

‘Following its investor day, we are downgrading Santander Consumer (SC) to underperform from Neutral & lowering our price Objective to $16 from $19. Our new P.O. is ~ 8x our new 2015 adj. diluted EPS estimation of $1.95. We came away from SC's investor day incrementally more bearish on the company's NT earnings outlook as we anticipate SC's migration to higher loss rates to consider on the company’s incomes and erode confidence in the stock. Loss rates are increasing because of a number of factors, consisting of seasoning of 2013 vintages, Q4 seasonal aspects & SC's mix-shift toward deeper subprime. Along with SC's conventional reserving methodology, we expect these factors to remain to drive provision levels higher and also dampen EPS growth over the near-to-medium term.,' Bank of America's analyst wrote.

A number of various other companies have also recently commented on SC. Analysts at Zacks devalued shares of Santander Consumer United State Holdings from a neutral rating to an underperform rating in a research note on Wednesday, Nov 12th. They now have a $17.30 price target on the stock. Separately, experts at Deutsche Bank reiterated a buy rating on shares of Santander Consumer U.S.A Holdings in a research note on Monday, Nov 10th. They now have a $30.00 price target on the stock, up previously from $20.00. Finally, analysts at Citigroup Inc. reiterated a buy rating on shares of Santander Customer USA Holdings in a research note on Wednesday, November 5th. They now have a $20.00 price target on the stock, down recently from $22.00. 2 financial investment experts have actually rated the stock with a sell rating, 5 have appointed a hold rating and 10 have actually issued a buy rating to the company. The stock has an average rating of Hold and also an agreement price target of $23.09.

Santander Consumer USA Holdings (NYSE: SC) opened up at 18.30 on Thursday. Santander Customer USA Holdings has a 1 year low of $16.52 and also a 1 year high of $26.50. The stock's 50-day moving average is $18.04 and also its 200-day moving average is $19.07. The firm has a market cap of $6.386 billion and a P/E ratio of 10.23.

Santander Customer U.S.A Holdings (NYSE: SC) last revealed its earnings outcomes on Tuesday, November Fourth. The firm reported $0.54 incomes each share (EPS) for the quarter, missing the consensus estimate of $0.60 by $0.06. On average, analysts predict that Santander Customer USA Holdings will post $2.23 earnings each share for the existing fiscal year.

Santander Consumer U.S.A Holdings Inc is a full-service, customer finance company focused on vehicle financing & unsecured customer lending products.