Shares of Synchrony Financial (NYSE:SYF) have earned a consensus recommendation of "Hold" from the nineteen ratings firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $24.91.
SYF has been the topic of several recent analyst reports. Citigroup boosted their target price on Synchrony Financial from $19.00 to $22.00 and gave the stock a "neutral" rating in a report on Wednesday, July 8th. Morgan Stanley boosted their target price on Synchrony Financial from $19.00 to $20.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 22nd. Barclays dropped their target price on Synchrony Financial from $27.00 to $25.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 22nd. Wolfe Research began coverage on Synchrony Financial in a report on Friday, July 31st. They set an "outperform" rating on the stock. Finally, UBS Group lifted their price target on shares of Synchrony Financial from $18.00 to $26.00 and gave the stock a "neutral" rating in a research report on Monday, June 22nd.
SYF opened at $26.49 on Wednesday. The business's 50 day moving average is $24.56 and its 200-day moving average is $21.57. The stock has a market cap of $15.46 billion, a PE ratio of 8.13, a price-to-earnings-growth ratio of 3.07 and a beta of 1.70. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.44. Synchrony Financial has a twelve month low of $12.15 and a twelve month high of $38.18.
Synchrony Financial (NYSE:SYF) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $0.06 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.04 by $0.02. The company had revenue of $950.00 million for the quarter, compared to analysts' expectations of $2.90 billion. Synchrony Financial had a return on equity of 14.73% and a net margin of 11.79%. The business's revenue for the quarter was down 54.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.97 earnings per share. As a group, analysts forecast that Synchrony Financial will post 1.52 EPS for the current year.
In other Synchrony Financial news, Director P.W. Parker acquired 10,000 shares of Synchrony Financial stock in a transaction that occurred on Tuesday, July 28th. The stock was acquired at an average price of $23.32 per share, with a total value of $233,200.00. Following the purchase, the director now owns 10,000 shares in the company, valued at $233,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Will W. Graylin sold 7,500 shares of Synchrony Financial stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $21.77, for a total transaction of $163,275.00. Following the completion of the sale, the director now directly owns 58,942 shares of the company's stock, valued at approximately $1,283,167.34. The disclosure for this sale can be found here. Insiders own 0.45% of the company's stock.
Institutional investors have recently added to or reduced their stakes in the business. Valeo Financial Advisors LLC lifted its position in Synchrony Financial by 329.6% during the 2nd quarter. Valeo Financial Advisors LLC now owns 1,177 shares of the financial services provider's stock worth $26,000 after acquiring an additional 903 shares during the last quarter. First Horizon Advisors Inc. acquired a new position in Synchrony Financial during the 2nd quarter worth $26,000. Creative Financial Designs Inc. ADV acquired a new position in Synchrony Financial during the 2nd quarter worth $36,000. Cerebellum GP LLC acquired a new position in Synchrony Financial during the 2nd quarter worth $84,000. Finally, Center for Financial Planning Inc. lifted its position in Synchrony Financial by 3,012.5% during the 2nd quarter. Center for Financial Planning Inc. now owns 3,735 shares of the financial services provider's stock worth $83,000 after acquiring an additional 3,615 shares during the last quarter. 91.75% of the stock is owned by hedge funds and other institutional investors.
About Synchrony Financial
Synchrony Financial operates as a consumer financial services company in the United States. The company offers private label credit cards, dual cards, general purpose co-branded credit cards, and small and medium-sized business credit products; and promotional financing for consumer purchases, such as private label credit cards and installment loans.
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