Synchrony Financial (NYSE:SYF) Receives Neutral Rating from JPMorgan Chase & Co.

Key Points

• Synchrony Financial's stock rating has been maintained as "neutral" by JPMorgan Chase & Co., with a revised price target of $75.00, down from $80.00.
• Other analysts have varied opinions, with Wall Street Zen upgrading it to "buy" and Bank of America also raising its target price to $80.00.
• The company's stock price opened at $71.39, with a 52-week range of $40.54 to $77.41, indicating potential volatility.

Synchrony Financial (NYSE:SYF - Get Free Report)'s stock had its "neutral" rating reaffirmed by research analysts at JPMorgan Chase & Co. in a note issued to investors on Tuesday,Benzinga reports. They presently have a $75.00 price target on the financial services provider's stock, down from their prior price target of $80.00. JPMorgan Chase & Co.'s target price points to a potential upside of 5.06% from the company's previous close.

Other research analysts have also recently issued reports about the stock. Wall Street Zen raised shares of Synchrony Financial from a "hold" rating to a "buy" rating in a research note on Saturday, September 20th. Bank of America raised their price target on Synchrony Financial from $75.00 to $80.00 and gave the stock a "buy" rating in a research report on Thursday, September 11th. Evercore ISI boosted their price target on Synchrony Financial from $83.00 to $84.00 and gave the stock an "outperform" rating in a report on Tuesday, September 30th. Rothschild & Co Redburn began coverage on Synchrony Financial in a research note on Friday, August 1st. They set a "neutral" rating and a $72.00 price objective on the stock. Finally, JMP Securities lifted their price objective on Synchrony Financial from $77.00 to $88.00 and gave the stock a "market outperform" rating in a research report on Thursday, September 25th. Twelve equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $76.58.

Synchrony Financial Price Performance

Synchrony Financial stock opened at $71.39 on Tuesday. Synchrony Financial has a 52 week low of $40.54 and a 52 week high of $77.41. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.02. The firm's 50-day simple moving average is $73.18 and its 200 day simple moving average is $63.78. The firm has a market capitalization of $26.56 billion, a PE ratio of 8.66, a P/E/G ratio of 0.72 and a beta of 1.50.

Synchrony Financial (NYSE:SYF - Get Free Report) last posted 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. The firm had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.71 billion. Synchrony Financial had a net margin of 14.43% and a return on equity of 21.34%. The firm's revenue for the quarter was down 1.8% on a year-over-year basis. During the same period last year, the firm posted $1.55 EPS. Synchrony Financial has set its FY 2025 guidance at EPS. On average, equities research analysts predict that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Insider Transactions at Synchrony Financial

In other Synchrony Financial news, insider Darrell Owens sold 600 shares of Synchrony Financial stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $67.95, for a total value of $40,770.00. Following the completion of the sale, the insider owned 21,372 shares in the company, valued at $1,452,227.40. The trade was a 2.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Brian J. Sr. Wenzel sold 8,514 shares of the company's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $70.00, for a total transaction of $595,980.00. Following the transaction, the insider directly owned 68,588 shares of the company's stock, valued at approximately $4,801,160. This represents a 11.04% decrease in their position. The disclosure for this sale can be found here. 0.32% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Synchrony Financial

Hedge funds have recently made changes to their positions in the stock. Merit Financial Group LLC raised its position in shares of Synchrony Financial by 70.2% in the 1st quarter. Merit Financial Group LLC now owns 10,657 shares of the financial services provider's stock worth $564,000 after buying an additional 4,397 shares during the period. Sivia Capital Partners LLC purchased a new position in shares of Synchrony Financial in the 1st quarter worth about $206,000. Wedmont Private Capital raised its holdings in shares of Synchrony Financial by 6.0% in the 1st quarter. Wedmont Private Capital now owns 8,161 shares of the financial services provider's stock worth $432,000 after purchasing an additional 461 shares during the period. Park Avenue Securities LLC lifted its stake in shares of Synchrony Financial by 24.6% in the 1st quarter. Park Avenue Securities LLC now owns 25,141 shares of the financial services provider's stock valued at $1,331,000 after purchasing an additional 4,962 shares in the last quarter. Finally, CHICAGO TRUST Co NA grew its holdings in shares of Synchrony Financial by 6.6% during the 1st quarter. CHICAGO TRUST Co NA now owns 6,120 shares of the financial services provider's stock worth $324,000 after purchasing an additional 380 shares during the period. Institutional investors and hedge funds own 96.48% of the company's stock.

About Synchrony Financial

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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