Rothschild & Co Redburn Initiates Coverage on Synchrony Financial (NYSE:SYF)

Key Points

• Rothschild & Co Redburn has initiated coverage on Synchrony Financial (NYSE:SYF) with a "neutral" rating and a price target of $72.00, indicating a potential upside of 3.44% from its current price.
• Several analysts have recently upgraded Synchrony Financial, with JPMorgan Chase raising their target to $80.00 and BTIG Research upgrading to a "buy" rating with a target of $100.00.
• Synchrony Financial reported $2.50 earnings per share for the last quarter, exceeding expectations, despite a slight decrease in revenue compared to the previous year.

Investment analysts at Rothschild & Co Redburn assumed coverage on shares of Synchrony Financial (NYSE:SYF - Get Free Report) in a research note issued on Friday,Briefing.com Automated Import reports. The brokerage set a "neutral" rating and a $72.00 price target on the financial services provider's stock. Rothschild & Co Redburn's price objective would indicate a potential upside of 3.44% from the company's current price.

Several other analysts have also weighed in on SYF. Cfra Research upgraded shares of Synchrony Financial to a "hold" rating in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. boosted their target price on shares of Synchrony Financial from $52.00 to $80.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. JMP Securities boosted their price target on shares of Synchrony Financial from $68.00 to $77.00 and gave the company a "market outperform" rating in a report on Thursday, July 17th. Wells Fargo & Company boosted their price target on shares of Synchrony Financial from $75.00 to $80.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Finally, BTIG Research raised shares of Synchrony Financial from a "neutral" rating to a "buy" rating and set a $100.00 price target for the company in a report on Monday, July 14th. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $74.05.

Synchrony Financial Stock Down 0.9%

SYF stock opened at $69.61 on Friday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.24 and a quick ratio of 1.24. Synchrony Financial has a 1-year low of $40.54 and a 1-year high of $73.76. The firm has a fifty day moving average price of $65.23 and a two-hundred day moving average price of $60.20. The firm has a market cap of $25.90 billion, a price-to-earnings ratio of 8.45, a PEG ratio of 0.70 and a beta of 1.46.

Synchrony Financial (NYSE:SYF - Get Free Report) last released its earnings results on Tuesday, July 22nd. The financial services provider reported $2.50 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.78. Synchrony Financial had a net margin of 14.43% and a return on equity of 21.34%. The firm had revenue of $3.65 billion during the quarter, compared to analyst estimates of $3.71 billion. During the same quarter in the previous year, the firm earned $1.55 earnings per share. The firm's revenue for the quarter was down 1.8% compared to the same quarter last year. Research analysts predict that Synchrony Financial will post 7.67 EPS for the current year.

Insider Activity

In related news, insider Jonathan S. Mothner sold 40,639 shares of the company's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $60.07, for a total value of $2,441,184.73. Following the completion of the sale, the insider owned 146,628 shares of the company's stock, valued at $8,807,943.96. This represents a 21.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Curtis Howse sold 11,380 shares of the business's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $65.00, for a total transaction of $739,700.00. Following the completion of the sale, the insider owned 108,062 shares in the company, valued at approximately $7,024,030. This trade represents a 9.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.32% of the company's stock.

Institutional Investors Weigh In On Synchrony Financial

Hedge funds and other institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC raised its position in Synchrony Financial by 30.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 73,136 shares of the financial services provider's stock worth $3,895,000 after acquiring an additional 17,061 shares in the last quarter. U.S. Capital Wealth Advisors LLC bought a new stake in Synchrony Financial in the first quarter worth about $11,506,000. BTC Capital Management Inc. raised its position in Synchrony Financial by 25.9% in the first quarter. BTC Capital Management Inc. now owns 65,835 shares of the financial services provider's stock worth $3,485,000 after acquiring an additional 13,526 shares in the last quarter. Merit Financial Group LLC raised its position in Synchrony Financial by 70.2% in the first quarter. Merit Financial Group LLC now owns 10,657 shares of the financial services provider's stock worth $564,000 after acquiring an additional 4,397 shares in the last quarter. Finally, Clarius Group LLC bought a new stake in Synchrony Financial in the first quarter worth about $242,000. 96.48% of the stock is currently owned by institutional investors.

Synchrony Financial Company Profile

Synchrony Financial, together with its subsidiaries, operates as a consumer financial services company in the United States. It provides credit products, such as credit cards, commercial credit products, and consumer installment loans. The company also offers private label credit cards, dual co-brand and general purpose credit cards, short- and long-term installment loans, and consumer banking products; and deposit products, including certificates of deposit, individual retirement accounts, money market accounts, and savings accounts, and sweep and affinity deposits, as well as accepts deposits through third-party securities brokerage firms.

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