Analysts Set Synchrony Financial (SYF) Price Target at $37.09

Shares of Synchrony Financial (NYSE:SYF) have been given an average recommendation of “Buy” by the twenty-six brokerages that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $37.09.

A number of equities research analysts have issued reports on SYF shares. Morgan Stanley downgraded shares of Synchrony Financial from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $35.00 to $32.00 in a research report on Friday, September 8th. Bank of America Corporation downgraded shares of Synchrony Financial from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $35.00 to $33.00 in a research report on Friday. BMO Capital Markets reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Synchrony Financial in a research report on Friday, August 25th. BidaskClub raised shares of Synchrony Financial from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Synchrony Financial in a research report on Thursday, September 21st.

ILLEGAL ACTIVITY WARNING: “Analysts Set Synchrony Financial (SYF) Price Target at $37.09” was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this article on another site, it was illegally copied and reposted in violation of U.S. and international copyright and trademark legislation. The correct version of this article can be viewed at https://ledgergazette.com/2017/10/10/analysts-set-synchrony-financial-syf-price-target-at-37-09.html.

Shares of Synchrony Financial (SYF) traded up 0.99% during trading on Friday, hitting $31.75. The stock had a trading volume of 4,867,343 shares. The firm has a 50-day moving average of $30.18 and a 200 day moving average of $30.01. Synchrony Financial has a 1-year low of $26.01 and a 1-year high of $38.06. The company has a market capitalization of $25.25 billion, a P/E ratio of 11.92 and a beta of 1.01.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings data on Friday, July 21st. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.03. Synchrony Financial had a net margin of 13.84% and a return on equity of 15.30%. The business had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same period in the prior year, the firm posted $0.58 EPS. Equities research analysts predict that Synchrony Financial will post $2.59 earnings per share for the current fiscal year.

In other Synchrony Financial news, Director Paget Leonard Alves acquired 2,000 shares of the business’s stock in a transaction that occurred on Monday, July 24th. The stock was bought at an average cost of $30.85 per share, with a total value of $61,700.00. Following the acquisition, the director now owns 8,521 shares in the company, valued at $262,872.85. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SYF. BlackRock Inc. boosted its holdings in Synchrony Financial by 2,275.1% in the 1st quarter. BlackRock Inc. now owns 48,272,035 shares of the financial services provider’s stock worth $1,655,730,000 after buying an additional 46,239,640 shares during the period. Berkshire Hathaway Inc. bought a new position in Synchrony Financial in the 2nd quarter worth approximately $520,747,000. Janus Henderson Group PLC boosted its holdings in Synchrony Financial by 1,820.5% in the 2nd quarter. Janus Henderson Group PLC now owns 10,934,573 shares of the financial services provider’s stock worth $326,070,000 after buying an additional 10,365,219 shares during the period. FMR LLC boosted its holdings in Synchrony Financial by 27.1% in the 2nd quarter. FMR LLC now owns 36,964,054 shares of the financial services provider’s stock worth $1,102,267,000 after buying an additional 7,874,689 shares during the period. Finally, Capital World Investors bought a

A number of equities research analysts have issued reports on SYF shares. Morgan Stanley downgraded shares of Synchrony Financial from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $35.00 to $32.00 in a research report on Friday, September 8th. Bank of America Corporation downgraded shares of Synchrony Financial from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $35.00 to $33.00 in a research report on Friday. BMO Capital Markets reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Synchrony Financial in a research report on Friday, August 25th. BidaskClub raised shares of Synchrony Financial from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Synchrony Financial in a research report on Thursday, September 21st.

ILLEGAL ACTIVITY WARNING: “Analysts Set Synchrony Financial (SYF) Price Target at $37.09” was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this article on another site, it was illegally copied and reposted in violation of U.S. and international copyright and trademark legislation. The correct version of this article can be viewed at https://ledgergazette.com/2017/10/10/analysts-set-synchrony-financial-syf-price-target-at-37-09.html.

Shares of Synchrony Financial (SYF) traded up 0.99% during trading on Friday, hitting $31.75. The stock had a trading volume of 4,867,343 shares. The firm has a 50-day moving average of $30.18 and a 200 day moving average of $30.01. Synchrony Financial has a 1-year low of $26.01 and a 1-year high of $38.06. The company has a market capitalization of $25.25 billion, a P/E ratio of 11.92 and a beta of 1.01.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings data on Friday, July 21st. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.03. Synchrony Financial had a net margin of 13.84% and a return on equity of 15.30%. The business had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same period in the prior year, the firm posted $0.58 EPS. Equities research analysts predict that Synchrony Financial will post $2.59 earnings per share for the current fiscal year.

In other Synchrony Financial news, Director Paget Leonard Alves acquired 2,000 shares of the business’s stock in a transaction that occurred on Monday, July 24th. The stock was bought at an average cost of $30.85 per share, with a total value of $61,700.00. Following the acquisition, the director now owns 8,521 shares in the company, valued at $262,872.85. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SYF. BlackRock Inc. boosted its holdings in Synchrony Financial by 2,275.1% in the 1st quarter. BlackRock Inc. now owns 48,272,035 shares of the financial services provider’s stock worth $1,655,730,000 after buying an additional 46,239,640 shares during the period. Berkshire Hathaway Inc. bought a new position in Synchrony Financial in the 2nd quarter worth approximately $520,747,000. Janus Henderson Group PLC boosted its holdings in Synchrony Financial by 1,820.5% in the 2nd quarter. Janus Henderson Group PLC now owns 10,934,573 shares of the financial services provider’s stock worth $326,070,000 after buying an additional 10,365,219 shares during the period. FMR LLC boosted its holdings in Synchrony Financial by 27.1% in the 2nd quarter. FMR LLC now owns 36,964,054 shares of the financial services provider’s stock worth $1,102,267,000 after buying an additional 7,874,689 shares during the period. Finally, Capital World Investors bought a new position in Synchrony Financial in the 2nd quarter worth approximately $202,269,000. 87.07% of the stock is owned by institutional investors.

About Synchrony Financial

Synchrony Financial is a consumer financial services company. The Company provides a range of credit products through programs it has established with a group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers. The Company’s revenue activities are managed through three sales platforms: Retail Card, Payment Solutions and CareCredit.

Analyst Recommendations for Synchrony Financial (NYSE:SYF)

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