Synchrony Financial (NYSE:SYF)‘s stock had its “buy” rating reaffirmed by investment analysts at Jefferies Group LLC in a report released on Thursday. They currently have a $40.00 price target on the financial services provider’s stock. Jefferies Group LLC’s price objective suggests a potential upside of 38.46% from the company’s current price.

Several other equities analysts have also recently commented on the stock. Morgan Stanley cut shares of Synchrony Financial from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $35.00 to $32.00 in a research report on Friday, September 8th. BidaskClub raised shares of Synchrony Financial from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. BMO Capital Markets reissued a “buy” rating and set a $40.00 target price on shares of Synchrony Financial in a research report on Friday, August 25th. TheStreet raised shares of Synchrony Financial from a “c” rating to a “b” rating in a research report on Monday, July 31st. Finally, Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Synchrony Financial in a research report on Saturday, July 22nd. Ten analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Synchrony Financial presently has a consensus rating of “Buy” and an average target price of $37.42.

Shares of Synchrony Financial (NYSE SYF) traded down 0.38% during mid-day trading on Thursday, hitting $28.89. The stock had a trading volume of 5,281,836 shares. Synchrony Financial has a 1-year low of $26.01 and a 1-year high of $38.06. The company has a market cap of $22.98 billion, a P/E ratio of 10.85 and a beta of 1.01. The firm’s 50 day moving average price is $29.92 and its 200 day moving average price is $30.47.

Synchrony Financial (NYSE:SYF) last posted its earnings results on Friday, July 21st. The financial services provider reported $0.61 EPS for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.59 billion. During the same quarter last year, the firm earned $0.58 EPS. Analysts predict that Synchrony Financial will post $2.60 earnings per share for the current fiscal year.

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In other Synchrony Financial news, Director Paget Leonard Alves bought 2,000 shares of the stock in a transaction on Monday, July 24th. The shares were acquired at an average price of $30.85 per share, with a total value of $61,700.00. Following the acquisition, the director now directly owns 8,521 shares of the company’s stock, valued at approximately $262,872.85. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.03% of the company’s stock.

A number of hedge funds have recently modified their holdings of SYF. Westside Investment Management Inc. raised its holdings in Synchrony Financial by 32.1% during the 2nd quarter. Westside Investment Management Inc. now owns 3,567 shares of the financial services provider’s stock valued at $104,000 after acquiring an additional 867 shares during the period. First Quadrant L P CA raised its holdings in Synchrony Financial by 55.4% during the 2nd quarter. First Quadrant L P CA now owns 3,726 shares of the financial services provider’s stock valued at $111,000 after acquiring an additional 1,328 shares during the period. Benjamin F. Edwards & Company Inc. raised its holdings in Synchrony Financial by 39.0% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,560 shares of the financial services provider’s stock valued at $136,000 after acquiring an additional 1,280 shares during the period. State of Alaska Department of Revenue raised its holdings in Synchrony Financial by 19.7% during the 2nd quarter. State of Alaska Department of Revenue now owns 5,338 shares of the financial services provider’s stock valued at $159,000 after acquiring an additional 880 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Synchrony Financial by 9.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,387 shares of the financial services provider’s stock valued at $160,000 after acquiring an additional 486 shares during the period. 87.05% of the stock is currently owned by institutional investors and hedge funds.

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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