Synchrony Financial (NYSE:SYF) Stock Price Target Cut by Morgan Stanley

Synchrony Financial (NYSE:SYF) had its price target cut by investment analysts at Morgan Stanley from $84.00 to $83.00 in a report released on Monday, Benzinga reports. The firm presently has an “equal weight” rating on the financial services provider’s stock. Morgan Stanley’s price target would indicate a potential upside of 12.74% from the company’s previous close.

A number of other research firms also recently issued reports on SYF. Robert W. Baird lifted their price objective on Synchrony Financial from $86.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 22nd. Wolfe Research upped their price objective on Synchrony Financial from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Tuesday, August 25th. Wells Fargo & Company lowered their target price on Synchrony Financial from $95.00 to $88.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. HSBC raised their target price on shares of Synchrony Financial from $93.00 to $97.00 and gave the company a “buy” rating in a report on Monday, July 13th. Finally, Weiss Ratings upgraded shares of Synchrony Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Nine equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $87.25.

Synchrony Financial Stock Performance

Shares of SYF stock opened at $73.62 on Monday. Synchrony Financial has a 12-month low of $63.08 and a 12-month high of $88.77. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.08. The stock’s 50-day moving average price is $76.30 and its 200-day moving average price is $74.40. The stock has a market capitalization of $23.95 billion, a price-to-earnings ratio of 7.44, a price-to-earnings-growth ratio of 0.63 and a beta of 1.35.

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 analysts’ consensus estimates of $2.14 by $0.45. Synchrony Financial had a return on equity of 23.09% and a net margin of 15.44%. The company had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.72 billion. 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. Equities research analysts predict that Synchrony Financial will post 9.40 EPS for the current fiscal year.

Institutional Investors Weigh In On Synchrony Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Compass Financial Management LLC purchased a new stake in Synchrony Financial in the second quarter worth $29,000. Reflection Asset Management bought a new position in shares of Synchrony Financial in the fourth quarter worth about $31,000. Fiduciary Financial Advisors bought a new position in shares of Synchrony Financial in the second quarter worth about $33,000. GK Wealth Management LLC bought a new position in shares of Synchrony Financial in the third quarter worth about $31,000. Finally, Center for Financial Planning Inc. increased its stake in Synchrony Financial by 242.9% in the 1st quarter. Center for Financial Planning Inc. now owns 480 shares of the financial services provider’s stock worth $33,000 after buying an additional 340 shares during the period. 96.48% of the stock is currently owned by hedge funds and other institutional investors.

About Synchrony Financial

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.