Synchrony Financial (NYSE:SYF) Given New $86.00 Price Target at TD Cowen

Key Points

• TD Cowen lowered Synchrony Financial’s price target from $90 to $86 while maintaining a “buy” rating, implying 18.87% upside from the prior close.
• Analyst sentiment remains positive overall: nine analysts rate the stock a Buy and six a Hold, resulting in a “Moderate Buy” consensus and an average price target of $88.29.
• Synchrony reported quarterly earnings of $2.59 per share, beating the $2.14 consensus estimate, while revenue matched forecasts at $3.72 billion; institutional investors own 96.48% of the company.

Synchrony Financial (NYSE:SYF - Get Free Report) had its price target dropped by TD Cowen from $90.00 to $86.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage presently has a "buy" rating on the financial services provider's stock. TD Cowen's price objective would suggest a potential upside of 18.87% from the company's previous close.

A number of other equities research analysts also recently issued reports on SYF. Robert W. Baird boosted their price target on Synchrony Financial from $86.00 to $90.00 and gave the company an "outperform" rating in a research report on Wednesday, July 22nd. Wells Fargo & Company dropped their price target on Synchrony Financial from $95.00 to $88.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 22nd. UBS Group decreased their target price on shares of Synchrony Financial from $87.00 to $81.00 and set a "neutral" rating for the company in a research report on Monday. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Synchrony Financial in a research note on Friday, July 17th. Finally, JPMorgan Chase & Co. cut their price target on shares of Synchrony Financial from $81.00 to $78.00 and set a "neutral" rating on the stock in a report on Monday, July 13th. Nine equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $88.29.

Synchrony Financial Stock Performance

Shares of SYF stock traded up $0.47 during mid-day trading on Tuesday, hitting $72.34. 169,794 shares of the stock were exchanged, compared to its average volume of 3,917,094. The stock has a market capitalization of $23.54 billion, a price-to-earnings ratio of 7.41, a P/E/G ratio of 0.62 and a beta of 1.35. Synchrony Financial has a 12-month low of $63.08 and a 12-month high of $88.77. The stock's fifty day simple moving average is $76.80 and its two-hundred day simple moving average is $74.12. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.22 and a current ratio of 1.22.

Synchrony Financial (NYSE:SYF - Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $2.59 earnings per share 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 firm had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same quarter in the prior year, the company posted $2.50 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. On average, analysts forecast that Synchrony Financial will post 9.38 EPS for the current year.

Institutional Trading of Synchrony Financial

Several large investors have recently made changes to their positions in the business. CX Institutional raised its position in shares of Synchrony Financial by 33.7% during the third quarter. CX Institutional now owns 78,791 shares of the financial services provider's stock worth $5,592,000 after purchasing an additional 19,868 shares during the period. Versant Capital Management Inc boosted its holdings in shares of Synchrony Financial by 4.4% during the 3rd quarter. Versant Capital Management Inc now owns 7,857 shares of the financial services provider's stock worth $558,000 after buying an additional 333 shares during the period. QRG Capital Management Inc. boosted its holdings in shares of Synchrony Financial by 1.0% during the 2nd quarter. QRG Capital Management Inc. now owns 188,446 shares of the financial services provider's stock worth $14,331,000 after buying an additional 1,821 shares during the period. Envestnet Portfolio Solutions Inc. grew its stake in Synchrony Financial by 47.0% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 6,461 shares of the financial services provider's stock valued at $491,000 after buying an additional 2,065 shares during the last quarter. Finally, Bullseye Investment Management LLC acquired a new stake in Synchrony Financial during the second quarter worth approximately $106,000. 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 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.

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