BMO Capital Markets Initiates Coverage on Synchrony Financial (NYSE:SYF)

Stock analysts at BMO Capital Markets assumed coverage on shares of Synchrony Financial (NYSE:SYF) in a note issued to investors on Friday, Benzinga reports. The firm set a “market perform” rating and a $81.00 price target on the financial services provider’s stock. BMO Capital Markets’ target price would indicate a potential upside of 9.91% from the company’s current price.

A number of other analysts also recently issued reports on the company. Royal Bank Of Canada lowered their price target on Synchrony Financial from $85.00 to $80.00 and set a “sector perform” rating for the company in a research report on Wednesday, July 22nd. Robert W. Baird boosted their price objective on shares of Synchrony Financial from $86.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Synchrony Financial in a research note on Friday, July 17th. Wolfe Research raised their target price on shares of Synchrony Financial from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Tuesday, August 25th. Finally, UBS Group dropped their price target on shares of Synchrony Financial from $87.00 to $81.00 and set a “neutral” rating for the company in a research note on Monday. Nine equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.80.

Synchrony Financial Trading Up 2.5%

SYF opened at $73.70 on Friday. The stock has a 50-day moving average of $76.56 and a 200 day moving average of $74.27. The company has a current ratio of 1.22, a quick 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 firm has a market cap of $23.98 billion, a P/E ratio of 7.55, a P/E/G ratio of 0.62 and a beta of 1.35.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $2.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.14 by $0.45. The business had revenue of $3.72 billion for the quarter, compared to the consensus estimate 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 prior year, the business posted $2.50 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. As a group, research analysts forecast that Synchrony Financial will post 9.4 EPS for the current year.

Institutional Investors Weigh In On Synchrony Financial

Several large investors have recently added to or reduced their stakes in SYF. Bank of America Corp DE acquired a new stake in Synchrony Financial in the 2nd quarter worth approximately $1,122,961,000. Raiffeisen Bank International AG grew its position in Synchrony Financial by 7,984.0% during the 2nd quarter. Raiffeisen Bank International AG now owns 23,282 shares of the financial services provider’s stock worth $1,825,000 after purchasing an additional 22,994 shares during the last quarter. Basswood Capital Management L.L.C. acquired a new position in Synchrony Financial during the 2nd quarter valued at approximately $45,734,000. Assenagon Asset Management S.A. increased its stake in Synchrony Financial by 959.4% during the 1st quarter. Assenagon Asset Management S.A. now owns 545,880 shares of the financial services provider’s stock valued at $37,131,000 after purchasing an additional 494,354 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Synchrony Financial in the second quarter worth $22,798,000. 96.48% of the stock is owned by hedge funds and other institutional investors.

Synchrony Financial Company Profile

Synchrony Financial (NYSE: SYF) is a consumer financial services company that provides credit products and related services through partnerships with retailers, manufacturers, healthcare providers and other businesses. The company is best known for private-label credit cards and dual-use credit cards that allow consumers to finance purchases with participating brands.

Synchrony’s offerings also include promotional financing, installment loans and other consumer payment solutions. Its products support spending across areas such as retail, home improvement, consumer electronics, healthcare, automotive and lifestyle purchases.