Synchrony Financial - SYF Stock Forecast, Price & News

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 cards, 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 to retail and commercial customers, as well as accepts deposits through third-party securities brokerage firms. In addition, it provides debt cancellation products to its credit card customers through online, mobile, and direct mail; healthcare payments and financing solutions under the CareCredit, Pets Best, and Walgreens brands; payments and financing solutions in the apparel, specialty retail, outdoor, music, and luxury industries; and point-of-sale consumer financing for audiology products and dental services. The company offers its credit products through programs established with a group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations, and healthcare service providers; and deposit products through various channels, such as digital and print. It serves digital, health and wellness, retail, home, auto, powersports, jewelry, pets, and other industries. Synchrony Financial was founded in 1932 and is headquartered in Stamford, Connecticut.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on SYF shares. Stephens increased their target price on shares of Synchrony Financial from $29.00 to $35.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 19th. Morgan Stanley dropped their price objective on shares of Synchrony Financial from $40.00 to $31.00 and set an "equal weight" rating on the stock in a research note on Tuesday, July 12th. Wells Fargo & Company downgraded shares of Synchrony Financial from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $45.00 to $32.00 in a report on Wednesday, July 13th. StockNews.com upgraded shares of Synchrony Financial from a "hold" rating to a "buy" rating in a report on Monday, July 25th. Finally, Credit Suisse Group raised their price objective on shares of Synchrony Financial from $46.00 to $47.00 and gave the stock an "outperform" rating in a report on Tuesday, July 19th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Synchrony Financial presently has an average rating of "Moderate Buy" and an average price target of $45.76.

Synchrony Financial Stock Up 1.3 %

Shares of SYF Stock traded up $0.45 during mid-day trading on Thursday, reaching $36.11. 3,080,244 shares of the company's stock traded hands, compared to its average volume of 6,752,648. The company has a market cap of $17.40 billion, a P/E ratio of 5.27, a P/E/G ratio of 0.26 and a beta of 1.57. The company's 50-day moving average price is $31.54 and its 200-day moving average price is $36.05. Synchrony Financial has a 12 month low of $27.22 and a 12 month high of $52.49. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.96.

Synchrony Financial (NYSE:SYF - Get Rating) last announced its quarterly earnings results on Monday, July 18th. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.47 by $0.13. Synchrony Financial had a net margin of 22.76% and a return on equity of 27.06%. During the same period in the previous year, the business posted $2.12 EPS. On average, equities analysts expect that Synchrony Financial will post 5.71 earnings per share for the current fiscal year.

Synchrony Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 11th. Shareholders of record on Monday, August 1st will be given a $0.23 dividend. This is a positive change from Synchrony Financial's previous quarterly dividend of $0.22. The ex-dividend date is Friday, July 29th. This represents a $0.92 dividend on an annualized basis and a yield of 2.55%. Synchrony Financial's payout ratio is 13.43%.