Synchrony Financial (NYSE:SYF) Price Target Raised to $90.00

Synchrony Financial (NYSE:SYF) had its price target boosted by investment analysts at Wolfe Research from $85.00 to $90.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Wolfe Research’s target price would suggest a potential upside of 12.10% from the company’s previous close.

Several other research analysts have also issued reports on the stock. Wells Fargo & Company cut their target price on shares of Synchrony Financial from $95.00 to $88.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. TD Cowen raised their price target on Synchrony Financial from $89.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Royal Bank Of Canada lowered their price objective on shares of Synchrony Financial from $85.00 to $80.00 and set a “sector perform” rating for the company in a report on Wednesday, July 22nd. Loop Capital started coverage on shares of Synchrony Financial in a report on Friday, May 22nd. They issued a “hold” rating and a $81.00 target price on the stock. Finally, JPMorgan Chase & Co. cut their target price on shares of Synchrony Financial from $81.00 to $78.00 and set a “neutral” rating on the stock in a research note on Monday, July 13th. Twelve investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $87.78.

Synchrony Financial Price Performance

Shares of SYF stock traded up $0.27 on Tuesday, reaching $80.29. The company’s stock had a trading volume of 387,868 shares, compared to its average volume of 4,076,947. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.08. Synchrony Financial has a 12-month low of $63.08 and a 12-month high of $88.77. The company has a market capitalization of $26.12 billion, a P/E ratio of 8.22, a PEG ratio of 0.73 and a beta of 1.32. The stock’s 50 day simple moving average is $76.26 and its 200-day simple moving average is $72.96.

Synchrony Financial (NYSE:SYF) last posted its earnings results on Tuesday, July 21st. The financial services provider reported $2.59 EPS for the quarter, topping the consensus estimate of $2.14 by $0.45. The business had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.72 billion. Synchrony Financial had a return on equity of 23.09% and a net margin of 15.44%.During the same period in the previous year, the business earned $2.50 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. As a group, equities analysts predict that Synchrony Financial will post 9.37 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Synchrony Financial

Institutional investors and hedge funds have recently modified their holdings of the stock. California State Teachers Retirement System grew its holdings in Synchrony Financial by 6,835.2% during the 2nd quarter. California State Teachers Retirement System now owns 33,285,108 shares of the financial services provider’s stock valued at $2,531,332,000 after buying an additional 32,805,164 shares in the last quarter. BlackRock Inc. bought a new position in shares of Synchrony Financial during the second quarter valued at approximately $2,349,452,000. State Street Corp increased its stake in Synchrony Financial by 1.0% in the third quarter. State Street Corp now owns 19,080,903 shares of the financial services provider’s stock worth $1,355,698,000 after purchasing an additional 191,920 shares during the period. Bank of America Corp DE bought a new stake in Synchrony Financial during the 2nd quarter valued at about $1,122,961,000. Finally, Morgan Stanley raised its stake in shares of Synchrony Financial by 7.6% during the fourth quarter. Morgan Stanley now owns 6,230,111 shares of the financial services provider’s stock valued at $519,778,000 after acquiring an additional 442,226 shares in the last quarter. Institutional investors own 96.48% of the company’s stock.

Synchrony Financial Company Profile

Synchrony Financial (NYSE: SYF) is a consumer financial services company that specializes in providing point-of-sale financing and private-label, co-branded and branded credit card programs. The company serves as a payments and lending partner to retailers, digital merchants and service providers, offering consumer financing solutions designed to drive customer engagement and sales. Synchrony also operates a direct bank that offers deposit products, including savings accounts and certificates of deposit, which support its funding and customer-facing product suite.

Its core product set includes private-label and co-branded credit cards, general-purpose credit cards, installment loan programs and promotional financing options that are integrated into merchants’ checkout experiences.