Synchrony Financial (NYSE:SYF) has earned a consensus rating of “Buy” from the twenty ratings firms that are currently covering the company. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, fifteen have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $40.91.
A number of brokerages have issued reports on SYF. Zacks Investment Research lowered shares of Synchrony Financial from a “hold” rating to a “sell” rating in a research note on Wednesday. BTIG Research assumed coverage on shares of Synchrony Financial in a research note on Sunday, July 10th. They issued a “buy” rating and a $42.00 price objective for the company. BMO Capital Markets reaffirmed a “buy” rating and issued a $108.00 price objective on shares of Synchrony Financial in a research note on Tuesday, July 5th. Nomura reaffirmed a “buy” rating and issued a $34.00 price objective on shares of Synchrony Financial in a research note on Thursday, September 22nd. Finally, Credit Suisse Group AG set a $37.00 price objective on shares of Synchrony Financial and gave the company a “buy” rating in a research note on Thursday, September 22nd.
Shares of Synchrony Financial (NYSE:SYF) traded up 2.23% during mid-day trading on Friday, hitting $27.98. The stock had a trading volume of 2,205,747 shares. The stock has a market cap of $23.33 billion, a P/E ratio of 10.68 and a beta of 0.92. Synchrony Financial has a 52 week low of $23.25 and a 52 week high of $34.60. The stock has a 50-day moving average price of $27.33 and a 200 day moving average price of $28.30.
Synchrony Financial (NYSE:SYF) last posted its quarterly earnings data on Friday, July 22nd. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.04. Synchrony Financial had a net margin of 15.63% and a return on equity of 16.97%. During the same quarter in the previous year, the business posted $0.65 EPS. On average, equities analysts forecast that Synchrony Financial will post $2.63 EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the stock. Albert D Mason Inc. boosted its stake in Synchrony Financial by 2.2% in the second quarter. Albert D Mason Inc. now owns 38,564 shares of the company’s stock worth $975,000 after buying an additional 844 shares during the last quarter. Independent Portfolio Consultants Inc. boosted its stake in shares of Synchrony Financial by 16.5% in the second quarter. Independent Portfolio Consultants Inc. now owns 9,440 shares of the company’s stock valued at $239,000 after buying an additional 1,335 shares in the last quarter. Handelsbanken Fonder AB purchased a new stake in shares of Synchrony Financial during the second quarter valued at $3,792,000. Heritage Investors Management Corp boosted its stake in shares of Synchrony Financial by 14.0% in the second quarter. Heritage Investors Management Corp now owns 434,790 shares of the company’s stock valued at $10,991,000 after buying an additional 53,371 shares in the last quarter. Finally, Capstone Asset Management Co. boosted its stake in shares of Synchrony Financial by 3.1% in the second quarter. Capstone Asset Management Co. now owns 61,535 shares of the company’s stock valued at $1,556,000 after buying an additional 1,851 shares in the last quarter. 88.05% of the stock is currently owned by institutional investors and hedge funds.
Synchrony Financial Company Profile
Synchrony Financial is a consumer financial services company. The Company provides a range of credit products through programs it has established with a group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers. The Company’s revenue activities are managed through three sales platforms: Retail Card, Payment Solutions and CareCredit.
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