Synchrony Financial (SYF) Receiving Somewhat Favorable News Coverage, Study Finds

News articles about Synchrony Financial (NYSE:SYF) have trended somewhat positive on Saturday, Accern reports. The research group ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Synchrony Financial earned a coverage optimism score of 0.11 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 46.0520865597368 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the news articles that may have effected Accern Sentiment’s rankings:

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A number of equities analysts have weighed in on SYF shares. Bank of America upgraded shares of Synchrony Financial from a “neutral” rating to a “buy” rating in a research report on Monday, December 18th. BTIG Research reiterated a “buy” rating and issued a $44.00 price target on shares of Synchrony Financial in a research report on Sunday, December 17th. Barclays set a $53.00 price target on shares of Synchrony Financial and gave the stock a “buy” rating in a research report on Monday, January 22nd. Oppenheimer reiterated a “hold” rating on shares of Synchrony Financial in a research report on Monday, January 22nd. Finally, Wells Fargo upgraded shares of Synchrony Financial from a “market perform” rating to an “outperform” rating and set a $35.00 price target for the company in a research report on Tuesday, January 9th. Ten equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Synchrony Financial presently has a consensus rating of “Buy” and an average price target of $38.32.

Shares of SYF stock traded down $1.22 during trading hours on Friday, hitting $32.51. 7,829,994 shares of the company were exchanged, compared to its average volume of 5,898,553. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 1.46. Synchrony Financial has a 12-month low of $26.01 and a 12-month high of $40.59. The company has a market capitalization of $25,642.12, a price-to-earnings ratio of 13.49, a price-to-earnings-growth ratio of 1.30 and a beta of 1.07.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings data on Friday, January 19th. The financial services provider reported $0.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.07. Synchrony Financial had a net margin of 11.75% and a return on equity of 14.62%. The business had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.96 billion. During the same quarter last year, the business earned $0.70 earnings per share. equities research analysts anticipate that Synchrony Financial will post 3.39 EPS for the current year.

In other Synchrony Financial news, insider Thomas M. Quindlen sold 10,712 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $36.73, for a total transaction of $393,451.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Margaret M. Keane sold 13,138 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $36.70, for a total transaction of $482,164.60. Following the transaction, the insider now owns 440,169 shares of the company’s stock, valued at approximately $16,154,202.30. The disclosure for this sale can be found here. Insiders have sold 25,850 shares of company stock valued at $955,616 in the last quarter. 0.03% of the stock is owned by company insiders.

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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.

Insider Buying and Selling by Quarter for Synchrony Financial (NYSE:SYF)

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