Synchrony Financial (NYSE:SYF) Stock Gets Price Target Reduction from JPMorgan Chase & Co.

Key Points

• JPMorgan cut Synchrony Financial’s price target from $78 to $74 while maintaining a “neutral” rating, implying roughly 0.31% downside from the prior close.
• Analyst sentiment remains generally positive, with nine Buy ratings and seven Holds; MarketBeat reports a consensus rating of “Moderate Buy” and an average price target of $87.53.
• Synchrony reported quarterly EPS of $2.59, exceeding the $2.14 consensus estimate, while institutional investors own a substantial 96.48% of the company’s shares.

Synchrony Financial (NYSE:SYF - Get Free Report) had its price objective dropped by equities research analysts at JPMorgan Chase & Co. from $78.00 to $74.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has a "neutral" rating on the financial services provider's stock. JPMorgan Chase & Co.'s price target points to a potential downside of 0.31% from the stock's previous close.

A number of other equities research analysts have also issued reports on SYF. Weiss Ratings raised shares of Synchrony Financial from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday. TD Cowen reduced their price target on Synchrony Financial from $90.00 to $86.00 and set a "buy" rating on the stock in a report on Tuesday, October 6th. BMO Capital Markets assumed coverage on shares of Synchrony Financial in a report on Friday. They set a "market perform" rating and a $81.00 price target for the company. Royal Bank Of Canada cut their price objective 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. Finally, HSBC lifted their price objective on Synchrony Financial from $93.00 to $97.00 and gave the company a "buy" rating in a research note on Monday, July 13th. Nine investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $87.53.

Synchrony Financial Stock Performance

NYSE SYF traded up $1.43 on Monday, hitting $74.23. 765,700 shares of the company's stock traded hands, compared to its average volume of 3,893,761. The firm's 50-day moving average price is $76.50 and its two-hundred day moving average price is $74.32. The firm has a market capitalization of $24.15 billion, a PE ratio of 7.60, a P/E/G ratio of 0.63 and a beta of 1.35. Synchrony Financial has a 1-year low of $63.08 and a 1-year 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.

Synchrony Financial (NYSE:SYF - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $3.72 billion for the quarter, compared to analysts' expectations of $3.72 billion. Synchrony Financial had a net margin of 15.44% and a return on equity of 23.09%. During the same quarter last year, the company earned $2.50 EPS. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. As a group, analysts expect that Synchrony Financial will post 9.40 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SYF. BlackRock Inc. bought a new stake in shares of Synchrony Financial during the second quarter valued at approximately $2,349,452,000. Bank of America Corp DE bought a new stake in shares of Synchrony Financial in the 2nd quarter valued at about $1,122,961,000. Dimensional Fund Advisors LP raised its holdings in Synchrony Financial by 6.4% in the first quarter. Dimensional Fund Advisors LP now owns 6,039,753 shares of the financial services provider's stock worth $410,760,000 after purchasing an additional 365,353 shares during the period. First Trust Advisors LP lifted its holdings in Synchrony Financial by 5.6% during the first quarter. First Trust Advisors LP now owns 5,338,110 shares of the financial services provider's stock worth $363,098,000 after acquiring an additional 281,451 shares in the last quarter. Finally, Assetmark Inc. grew its position in shares of Synchrony Financial by 0.9% in the 1st quarter. Assetmark Inc. now owns 4,338,604 shares of the financial services provider's stock valued at $295,112,000 after purchasing an additional 37,114 shares during the period. 96.48% of the stock is currently owned by institutional investors and hedge funds.

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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