Synchrony Financial (NYSE:SYF) Stock Price Target Lowered at Morgan Stanley

Key Points

• Morgan Stanley lowered Synchrony Financial’s price target from $84 to $83 while maintaining an “equal weight” rating, implying 11.73% potential upside from the prior close.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and an average price target of $87.25, despite several firms recently cutting their targets.
• Synchrony shares rose 2.0% to $74.28, while the company reported quarterly EPS of $2.59, beating estimates of $2.14. Institutional investors and hedge funds own 96.48% of its stock.

Synchrony Financial (NYSE:SYF - Get Free Report) had its price target dropped by stock analysts at Morgan Stanley from $84.00 to $83.00 in a report released on Monday, Benzinga reports. The firm currently has an "equal weight" rating on the financial services provider's stock. Morgan Stanley's price objective would suggest a potential upside of 11.73% from the company's previous close.

Other analysts have also recently issued reports about the stock. JPMorgan Chase & Co. decreased their price target on shares of Synchrony Financial from $78.00 to $74.00 and set a "neutral" rating for the company in a report on Monday. BMO Capital Markets initiated coverage on shares of Synchrony Financial in a research report on Friday. They issued a "market perform" rating and a $81.00 target price for the company. Royal Bank Of Canada decreased their target price on shares of Synchrony Financial from $85.00 to $80.00 and set a "sector perform" rating for the company in a research note on Wednesday, July 22nd. UBS Group lowered their price target on shares of Synchrony Financial from $87.00 to $81.00 and set a "neutral" rating on the stock in a report on Monday, October 5th. Finally, Weiss Ratings raised shares of Synchrony Financial from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday. Nine investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $87.25.

Synchrony Financial Stock Up 2.0%

NYSE:SYF traded up $1.49 during trading hours on Monday, hitting $74.28. 800,113 shares of the company's stock traded hands, compared to its average volume of 3,894,125. The stock's fifty day moving average price is $76.50 and its two-hundred day moving average price is $74.32. The firm has a market cap of $24.17 billion, a P/E ratio of 7.61, a P/E/G ratio of 0.63 and a beta of 1.35. 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 has a twelve month low of $63.08 and a twelve month high of $88.77.

Synchrony Financial (NYSE:SYF - Get Free Report) last announced 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 firm had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.72 billion. Synchrony Financial had a return on equity of 23.09% and a net margin of 15.44%. During the same period last year, the company posted $2.50 EPS. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. On average, research analysts expect that Synchrony Financial will post 9.40 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Synchrony Financial

Hedge funds have recently added to or reduced their stakes in the company. GK Wealth Management LLC bought a new position in shares of Synchrony Financial during the 3rd quarter worth about $31,000. Riversedge Advisors LLC increased its holdings in Synchrony Financial by 3.8% in the 3rd quarter. Riversedge Advisors LLC now owns 5,022 shares of the financial services provider's stock valued at $356,000 after buying an additional 184 shares during the period. Wedmont Private Capital raised its stake in shares of Synchrony Financial by 4.6% in the 3rd quarter. Wedmont Private Capital now owns 10,689 shares of the financial services provider's stock valued at $788,000 after buying an additional 467 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Synchrony Financial by 7.0% in the 3rd quarter. GAMMA Investing LLC now owns 20,306 shares of the financial services provider's stock valued at $1,441,000 after buying an additional 1,325 shares in the last quarter. Finally, CoreCap Advisors LLC lifted its holdings in shares of Synchrony Financial by 54.8% during the 3rd quarter. CoreCap Advisors LLC now owns 780 shares of the financial services provider's stock worth $55,000 after acquiring an additional 276 shares during the period. Institutional investors and hedge funds 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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