Synchrony Financial (NYSE:SYF) had its price target upped by analysts at Morgan Stanley from $32.00 to $35.00 in a research report issued on Monday. The brokerage currently has an “equal weight” rating on the financial services provider’s stock. Morgan Stanley’s price objective suggests a potential upside of 5.93% from the stock’s current price.

Several other analysts have also recently commented on the stock. TheStreet upgraded shares of Synchrony Financial from a “c” rating to a “b” rating in a research note on Monday, July 31st. BMO Capital Markets reiterated a “buy” rating and issued a $40.00 price target on shares of Synchrony Financial in a research note on Friday, August 25th. Jefferies Group LLC reiterated a “buy” rating and issued a $40.00 price target on shares of Synchrony Financial in a research note on Thursday, September 21st. Instinet reiterated a “buy” rating and issued a $35.00 price target (down previously from $38.00) on shares of Synchrony Financial in a research note on Wednesday, July 12th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $39.00 price target on shares of Synchrony Financial in a research note on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Synchrony Financial has a consensus rating of “Buy” and a consensus target price of $36.88.

Shares of Synchrony Financial (NYSE:SYF) traded up 0.24% during midday trading on Monday, hitting $33.12. The company had a trading volume of 1,062,835 shares. The firm has a market capitalization of $26.34 billion, a P/E ratio of 12.44 and a beta of 1.01. Synchrony Financial has a 1-year low of $26.01 and a 1-year high of $38.06. The stock has a 50 day moving average price of $30.41 and a 200 day moving average price of $29.93.

Synchrony Financial (NYSE:SYF) last released its earnings results on Friday, October 20th. The financial services provider reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.06. Synchrony Financial had a net margin of 13.84% and a return on equity of 15.30%. The company had revenue of $3.88 billion for the quarter, compared to analysts’ expectations of $3.78 billion. During the same quarter in the previous year, the company earned $0.73 EPS. On average, equities analysts anticipate that Synchrony Financial will post $2.59 EPS for the current fiscal year.

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A number of large investors have recently modified their holdings of the stock. Benjamin F. Edwards & Company bought a new position in Synchrony Financial during the 4th quarter valued at about $0. Beacon Capital Management bought a new position in Synchrony Financial during the 4th quarter valued at about $0. Rehmann Capital Advisory Group grew its holdings in Synchrony Financial by 0.3% during the 1st quarter. Rehmann Capital Advisory Group now owns 8,749 shares of the financial services provider’s stock valued at $300,000 after purchasing an additional 22 shares during the last quarter. Bbva Compass Bancshares Inc. grew its holdings in Synchrony Financial by 0.3% during the 2nd quarter. Bbva Compass Bancshares Inc. now owns 32,000 shares of the financial services provider’s stock valued at $954,000 after purchasing an additional 94 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its holdings in Synchrony Financial by 0.5% during the 3rd quarter. Daiwa Securities Group Inc. now owns 20,000 shares of the financial services provider’s stock valued at $560,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 87.06% of the company’s stock.

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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