Santander To Remain At Current Levels, Vetr Crowd Says

Shares of Santander Consumer USA Holdings Inc SC have lost 30 percent of value year-to-date, and more than 11.8 percent in September alone. This, the Vetr crowd seems to believe, has put a cap on the room for downside.

On Friday, the Vetr community decided to upgrade its rating on shares of Santander Consumer USA Holdings, from 2.5 Stars (Sell) to 3.0 Stars (Hold), out of a possible five-star rating.

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The new rating better reflects the crowd’s average price target of $11.09, which implies a potential return of roughly 0.45 percent.

It should be noted that, while the crowd doesn’t see the stock going much higher, 75 percent of their ratings are bullish at the time.