Investor’s Observing Stock: Santander Consumer USA Holdings Inc. (NYSE:SC)

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Shares of Santander Consumer USA Holdings Inc. (NYSE:SC) climbed +9.77% and ended at $11.91 greater than previous closing price of $10.85. The total 4.69 million shares were bought and sold throughout the most recent trading session more than average volume of 1.88 million shares.

Santander Consumer USA Holdings Inc. (SC) reported that it will be restating financial statements and associated disclosures for the full years 2013, 2014 and 2015, and the quarters within 2014 and 2015, as well as the first quarter of 2016, due to errors identified in the financial statements for each of those periods. The Audit Committee of the Company’s Board of Directors has concluded these financial statements and disclosures should no longer be relied upon. The Audit Committee acted on the recommendation of SC’s management and in consultation with the Company’s current and former independent registered public accounting firms, respectively PricewaterhouseCoopers LLP (“PwC”) and Deloitte & Touche LLP (“Deloitte”).

Brokerage Recommendations:

Currently Santander Consumer USA Holdings Inc. (SC) captured an average recommendation of “ Overweight ” from analysts, according to FactSet data. The stock has been suggested as “Buy” from “6″ Analysts”. “0” rated “Sell” for the company. “10” said the company as a “Hold”. Overweight rating was given by “0” and Underweight rating was given by “1”.

Analysts are expecting that the company to achieve $15.18 Price Target in next 52-weeks, average price is come up through the consensus of analysts. High potential price target is set at $21.00 however minimum price target advised by analysts is $10.00. The Median price target for the stock is measured at $14.50.

Presently, Analysts decided consensus EPS estimate of $0.68 for present quarter and one month ago projected EPS estimate was at $0.68. If we take a look at back 3 month ago, consensus EPS estimate was $0.69.

A current consensus EPS estimate for next quarter is at $0.54 and 3 month ago EPS forecast was $0.53. Have a look at back 1 month ago, consensus EPS forecast was seen at $0.54.

For current fiscal year, most recent EPS estimate is set at $2.24 based on Analyst consensus and three month ago consensus EPS opinions was at $2.23. During period one month ago, consensus EPS forecast was decided at $2.23.

A current consensus EPS projection for next fiscal year is observed at $2.37 and one month ago consensus EPS forecast was at $2.37. Take a look at back three month ago, consensus EPS estimate opinions was decided at $2.36 by analysts.

One Month ago, the stock has gained consensus mean rating of Overweight based on the analysis of brokerage analyst firms polled. 6 presented the recommendations about the stock as a “Buy” signal and “Overweight” signal was reported by 0. 11 advised the “Hold” rating about this stock. 0 revealed “Sell” signal and “Underweight” rating was declared by 1.

Three Months Ago, Analysts recommended an average brokerage rating of Overweight derived from brokerage firms, according to FactSet. 9 said a “Buy Rating” and 0 announced “Overweight Rating”. 11 advised “Hold Rating” regarding the stock. 0 announced “Sell Rating” and 1 disclosed “Underweight Rating”.

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