Synchrony Financial (NYSE:SYF) Raised to Hold at Cfra Research

Synchrony Financial (NYSE:SYF - Get Free Report) was upgraded by stock analysts at Cfra Research to a "hold" rating in a research report issued on Tuesday, April 22nd,Zacks.com reports.

Several other research firms have also recently issued reports on SYF. Bank of America increased their price objective on Synchrony Financial from $82.00 to $85.00 and gave the company a "buy" rating in a research report on Tuesday, January 28th. Morgan Stanley restated an "equal weight" rating and set a $44.00 price objective (down previously from $82.00) on shares of Synchrony Financial in a report on Monday, April 7th. Royal Bank of Canada lifted their price objective on shares of Synchrony Financial from $70.00 to $73.00 and gave the stock a "sector perform" rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. reduced their price objective on Synchrony Financial from $76.00 to $50.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Finally, Barclays raised Synchrony Financial from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $59.00 to $79.00 in a research note on Monday, January 6th. Nine equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $63.95.

Synchrony Financial Price Performance

Shares of Synchrony Financial stock traded down $1.33 during trading on Tuesday, hitting $51.10. The stock had a trading volume of 1,456,642 shares, compared to its average volume of 3,942,848. The business has a fifty day moving average of $52.26 and a two-hundred day moving average of $60.29. The firm has a market cap of $19.87 billion, a P/E ratio of 5.98, a PEG ratio of 0.71 and a beta of 1.45. Synchrony Financial has a fifty-two week low of $40.55 and a fifty-two week high of $70.93. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.24 and a quick ratio of 1.24.

Synchrony Financial (NYSE:SYF - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.26. Synchrony Financial had a net margin of 15.36% and a return on equity of 18.30%. The company had revenue of $3.72 billion for the quarter, compared to analysts' expectations of $3.80 billion. On average, sell-side analysts expect that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SYF. Bogart Wealth LLC acquired a new position in shares of Synchrony Financial during the 4th quarter worth about $26,000. TCTC Holdings LLC bought a new position in shares of Synchrony Financial during the 4th quarter worth about $27,000. Y.D. More Investments Ltd boosted its position in shares of Synchrony Financial by 111.5% during the 4th quarter. Y.D. More Investments Ltd now owns 480 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 253 shares in the last quarter. Accredited Wealth Management LLC acquired a new position in Synchrony Financial in the fourth quarter worth about $38,000. Finally, CVA Family Office LLC boosted its holdings in Synchrony Financial by 355.9% during the first quarter. CVA Family Office LLC now owns 693 shares of the financial services provider's stock valued at $37,000 after purchasing an additional 541 shares in the last quarter. 96.48% of the stock is currently owned by institutional investors and hedge funds.

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.