Synchrony Financial (NYSE:SYF) Stock Has Consensus Price Target of $87.25 According to Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on Synchrony Financial, with nine buy ratings and eight holds among 17 brokerages. The average 12-month price target is $87.25, versus the stock’s reported $74.02 opening price.
• Synchrony reported quarterly earnings of $2.59 per share, exceeding the $2.14 consensus estimate, while revenue matched expectations at $3.72 billion. Analysts project full-year earnings of approximately $9.40 per share.
• Institutional ownership stands at 96.48%, with BlackRock and Bank of America among investors that established major positions during the second quarter.

Synchrony Financial (NYSE:SYF - Get Free Report) has earned an average recommendation of "Moderate Buy" from the seventeen brokerages that are presently covering the firm, Marketbeat reports. Eight equities research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $87.25.

Several research analysts recently issued reports on the company. UBS Group dropped their price objective on Synchrony Financial from $87.00 to $81.00 and set a "neutral" rating on the stock in a research note on Monday, October 5th. JPMorgan Chase & Co. decreased their target price on Synchrony Financial from $78.00 to $74.00 and set a "neutral" rating for the company in a research report on Monday, October 12th. Morgan Stanley lowered their target price on Synchrony Financial from $84.00 to $83.00 and set an "equal weight" rating for the company in a report on Monday, October 12th. Weiss Ratings upgraded Synchrony Financial from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, October 8th. Finally, Robert W. Baird increased their price target on Synchrony Financial from $86.00 to $90.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 22nd.

Synchrony Financial Stock Performance

Shares of NYSE:SYF opened at $74.02 on Tuesday. The firm has a market cap of $24.08 billion, a PE ratio of 7.58, a price-to-earnings-growth ratio of 0.86 and a beta of 1.35. The firm's 50 day simple moving average is $75.88 and its 200-day simple moving average is $74.60. Synchrony Financial has a one year low of $63.08 and a one year high of $88.77. 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 posted its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $2.59 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.45. The firm had revenue of $3.72 billion during the quarter, compared to the consensus estimate 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 in the previous year, the firm posted $2.50 earnings per share. As a group, equities analysts predict that Synchrony Financial will post 9.40 EPS for the current year.

Institutional Trading of Synchrony Financial

Institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Synchrony Financial in the 2nd quarter valued at about $2,349,452,000. Bank of America Corp DE purchased a new position in shares of Synchrony Financial in the 2nd quarter worth approximately $1,122,961,000. Legal & General Group Plc bought a new position in shares of Synchrony Financial during the 2nd quarter worth approximately $209,305,000. Bank of New York Mellon Corp bought a new position in shares of Synchrony Financial during the 2nd quarter worth approximately $193,684,000. Finally, Deutsche Bank AG purchased a new stake in Synchrony Financial during the second quarter valued at approximately $186,973,000. 96.48% of the stock is currently owned by institutional investors.

Synchrony Financial Company Profile

Synchrony Financial NYSE: SYF is a consumer financial services company that provides private-label credit cards, co-branded credit cards and promotional financing programs. Its financing products are offered through retailers, manufacturers, healthcare providers and other businesses, helping consumers pay for purchases over time.

The company serves a range of industries, including digital commerce, home improvement, furniture, automotive, healthcare, jewelry, apparel, electronics and specialty retail.

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