Synchrony Financial - SYF Stock Forecast, Price & News

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Synchrony Financial in the last year. There are currently 1 sell rating, 4 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SYF shares.
View SYF analyst ratings or view top-rated stocks.

13 brokerages have issued 12-month target prices for Synchrony Financial's stock. Their SYF share price forecasts range from $22.00 to $65.00. On average, they predict the company's share price to reach $43.93 in the next twelve months. This suggests a possible upside of 51.5% from the stock's current price.
View analysts price targets for SYF or view top-rated stocks among Wall Street analysts.

Synchrony Financial's stock was trading at $46.39 on January 1st, 2022. Since then, SYF shares have decreased by 37.5% and is now trading at $28.99.
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Synchrony Financial saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 15,660,000 shares, an increase of 30.3% from the August 15th total of 12,020,000 shares. Based on an average daily volume of 5,640,000 shares, the days-to-cover ratio is currently 2.8 days. Approximately 3.3% of the company's stock are short sold.
View Synchrony Financial's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 25th 2022.
View our SYF earnings forecast.

Synchrony Financial will be holding an earnings conference call on Tuesday, October 25th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Synchrony Financial (NYSE:SYF) released its earnings results on Monday, July, 18th. The financial services provider reported $1.60 earnings per share for the quarter, beating analysts' consensus estimates of $1.43 by $0.17. The financial services provider had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $2.74 billion. Synchrony Financial had a net margin of 22.76% and a trailing twelve-month return on equity of 27.06%. During the same quarter in the previous year, the firm earned $2.12 earnings per share.
Read the conference call transcript.

Synchrony Financial declared a quarterly dividend on Thursday, July 21st. Stockholders of record on Monday, August 1st will be given a dividend of $0.23 per share on Thursday, August 11th. This represents a $0.92 annualized dividend and a dividend yield of 3.17%. The ex-dividend date of this dividend is Friday, July 29th. This is a positive change from the stock's previous quarterly dividend of $0.22.
Read our dividend analysis for SYF.

Synchrony Financial (NYSE:SYF) pays an annual dividend of $0.92 per share and currently has a dividend yield of 3.27%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 13.43%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SYF will have a dividend payout ratio of 16.79% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SYF.

Synchrony Financial declared that its board has initiated a share repurchase plan on Monday, April 18th 2022, which authorizes the company to buyback $2,800,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 13.6% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board believes its stock is undervalued.

598 employees have rated Synchrony Financial Chief Executive Officer Margaret M. Keane on Glassdoor.com. Margaret M. Keane has an approval rating of 94% among the company's employees. This puts Margaret M. Keane in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Synchrony Financial investors own include Bank of America (BAC), AT&T (T), Intel (INTC), General Electric (GE), Cisco Systems (CSCO), Micron Technology (MU), Wells Fargo & Company (WFC), Verizon Communications (VZ), QUALCOMM (QCOM) and NVIDIA (NVDA).

Synchrony Financial trades on the New York Stock Exchange (NYSE) under the ticker symbol "SYF."

Synchrony Financial's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include FMR LLC (5.38%), State Street Corp (4.70%), Goldman Sachs Group Inc. (1.77%), Northern Trust Corp (1.28%), CI Investments Inc. (1.18%) and Artisan Partners Limited Partnership (0.98%). Insiders that own company stock include Carol Juel, David P Melito, Laurel Richie, Paul Whynott, PW Parker and Will W Graylin.
View institutional ownership trends.

Shares of SYF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SYF stock can currently be purchased for approximately $28.99.

Synchrony Financial (NYSE:SYF) has a market capitalization of $13.97 billion and generates $15.75 billion in revenue each year. The financial services provider earns $4.22 billion in net income (profit) each year or $6.85 on an earnings per share basis.

The company employs 18,000 workers across the globe.

Synchrony Financial's mailing address is 777 LONG RIDGE ROAD, STAMFORD CT, 06902. The official website for the company is www.synchronyfinancial.com. The financial services provider can be reached via phone at (203) 585-2400 or via email at investorrelations@syf.com.