Synchrony Financial (NYSE:SYF) has been given a $55.00 price objective by Barclays in a report issued on Thursday. The brokerage presently has a “buy” rating on the financial services provider’s stock. Barclays’ price objective points to a potential upside of 39.70% from the company’s previous close.
Other research analysts have also issued reports about the company. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $39.00 price target on shares of Synchrony Financial in a report on Thursday, October 12th. Jefferies Group reiterated a “buy” rating and set a $40.00 price target on shares of Synchrony Financial in a report on Thursday, September 21st. BTIG Research reiterated a “buy” rating and set a $44.00 price target on shares of Synchrony Financial in a report on Sunday, December 17th. Bank of America upgraded Synchrony Financial from a “neutral” rating to a “buy” rating in a report on Monday, December 18th. Finally, Morgan Stanley upped their price target on Synchrony Financial from $32.00 to $35.00 and gave the stock an “equal weight” rating in a report on Monday, October 23rd. Ten investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $38.40.
Shares of Synchrony Financial (NYSE SYF) opened at $39.37 on Thursday. The stock has a market capitalization of $30,810.00, a P/E ratio of 14.97, a price-to-earnings-growth ratio of 1.62 and a beta of 1.06. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.38. Synchrony Financial has a 12-month low of $26.01 and a 12-month high of $40.17.
Synchrony Financial (NYSE:SYF) last announced its earnings results on Friday, October 20th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.06. Synchrony Financial had a return on equity of 14.84% and a net margin of 13.17%. The firm had revenue of $3.88 billion during the quarter, compared to analysts’ expectations of $3.78 billion. During the same quarter in the prior year, the business earned $0.73 earnings per share. equities analysts forecast that Synchrony Financial will post 2.57 EPS for the current fiscal year.
In related news, insider Jonathan S. Mothner sold 1,500 shares of the company’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $32.82, for a total value of $49,230.00. Following the completion of the transaction, the insider now directly owns 113,934 shares in the company, valued at $3,739,313.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David P. Melito sold 2,000 shares of the company’s stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $40.00, for a total value of $80,000.00. Following the completion of the transaction, the insider now owns 39,259 shares of the company’s stock, valued at $1,570,360. The disclosure for this sale can be found here. Insiders sold 8,961 shares of company stock valued at $324,508 over the last 90 days. 0.03% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Synchrony Financial by 1.9% during the second quarter. Vanguard Group Inc. now owns 52,233,692 shares of the financial services provider’s stock worth $1,557,609,000 after acquiring an additional 956,331 shares in the last quarter. FMR LLC raised its stake in Synchrony Financial by 27.1% during the second quarter. FMR LLC now owns 36,964,054 shares of the financial services provider’s stock worth $1,102,267,000 after acquiring an additional 7,874,689 shares in the last quarter. First Eagle Investment Management LLC raised its stake in Synchrony Financial by 2.1% during the third quarter. First Eagle Investment Management LLC now owns 17,666,015 shares of the financial services provider’s stock worth $548,530,000 after acquiring an additional 362,810 shares in the last quarter. Berkshire Hathaway Inc. acquired a new position in Synchrony Financial during the second quarter worth $520,747,000. Finally, CI Investments Inc. raised its stake in Synchrony Financial by 7.5% during the third quarter. CI Investments Inc. now owns 10,960,562 shares of the financial services provider’s stock worth $340,325,000 after acquiring an additional 766,368 shares in the last quarter. Hedge funds and other institutional investors own 85.46% of the company’s stock.
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Synchrony Financial Company Profile
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.
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