Synchrony Financial (SYF) Stock Rating Lowered by ValuEngine

ValuEngine lowered shares of Synchrony Financial (NYSE:SYF) from a buy rating to a hold rating in a research note issued to investors on Monday morning.

A number of other research analysts have also weighed in on the company. Bank of America upgraded Synchrony Financial from a neutral rating to a buy rating in a report on Monday, December 18th. BTIG Research restated a buy rating and issued a $44.00 target price on shares of Synchrony Financial in a report on Sunday, December 17th. Barclays set a $53.00 target price on Synchrony Financial and gave the company a buy rating in a report on Monday, January 22nd. Wells Fargo raised 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. Finally, Oppenheimer reaffirmed a hold rating on shares of Synchrony Financial in a research report on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $38.10.

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SYF stock opened at $34.13 on Monday. Synchrony Financial has a twelve month low of $26.01 and a twelve month high of $40.59. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.45 and a current ratio of 1.45. The company has a market capitalization of $25,778.96, a PE ratio of 13.28, a P/E/G ratio of 1.31 and a beta of 1.12.

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

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

A number of large investors have recently added to or reduced their stakes in SYF. New York State Common Retirement Fund boosted its holdings in shares of Synchrony Financial by 1.4% in the third quarter. New York State Common Retirement Fund now owns 1,968,188 shares of the financial services provider’s stock worth $61,112,000 after acquiring an additional 27,000 shares during the period. Trexquant Investment LP bought a new position in shares of Synchrony Financial in the third quarter worth $375,000. WINTON GROUP Ltd boosted its holdings in shares of Synchrony Financial by 14.2% in the third quarter. WINTON GROUP Ltd now owns 16,898 shares of the financial services provider’s stock worth $525,000 after acquiring an additional 2,099 shares during the period. BB&T Securities LLC boosted its holdings in shares of Synchrony Financial by 150.6% in the third quarter. BB&T Securities LLC now owns 45,346 shares of the financial services provider’s stock worth $1,407,000 after acquiring an additional 27,253 shares during the period. Finally, Commerzbank Aktiengesellschaft FI boosted its holdings in shares of Synchrony Financial by 589.9% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 118,549 shares of the financial services provider’s stock worth $3,681,000 after acquiring an additional 101,365 shares during the period. 88.66% of the stock is owned by institutional investors and hedge funds.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Synchrony Financial (NYSE:SYF)

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