Synchrony Financial (SYF) PT Raised to $37.00
Synchrony Financial (NYSE:SYF) had its price target raised by stock analysts at JMP Securities from $35.00 to $37.00 in a note issued to investors on Monday. The brokerage presently has a “market outperform” rating on the financial services provider’s stock. JMP Securities’ price target suggests a potential upside of 11.99% from the stock’s current price.
Other equities research analysts have also recently issued reports about the stock. TheStreet upgraded shares of Synchrony Financial from a “c” rating to a “b” rating in a research report on Monday, July 31st. BMO Capital Markets reiterated a “buy” rating on shares of Synchrony Financial in a research report on Friday, July 21st. Jefferies Group LLC reiterated a “buy” rating and set a $40.00 price target on shares of Synchrony Financial in a research report on Friday, July 14th. Instinet reiterated a “buy” rating and set a $35.00 price target (down from $38.00) on shares of Synchrony Financial in a research report on Wednesday, July 12th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $39.00 price target on shares of Synchrony Financial in a research report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $36.88.
Shares of Synchrony Financial (NYSE SYF) traded up 0.24% during trading on Monday, reaching $33.12. 1,062,835 shares of the company traded hands. The stock has a market capitalization of $26.34 billion, a PE ratio of 12.44 and a beta of 1.01. The firm has a 50 day moving average of $30.41 and a 200 day moving average of $29.93. Synchrony Financial has a 52 week low of $26.01 and a 52 week high of $38.06.
Synchrony Financial (NYSE:SYF) last issued its earnings results on Friday, October 20th. The financial services provider reported $0.70 EPS for the quarter, topping 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 the consensus estimate of $3.78 billion. During the same period in the previous year, the firm earned $0.73 earnings per share. On average, equities analysts predict that Synchrony Financial will post $2.59 EPS for the current year.
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Hedge funds and other institutional investors have recently bought and sold shares of the business. Benjamin F. Edwards & Company acquired a new position in Synchrony Financial during the 4th quarter worth approximately $0. Beacon Capital Management acquired a new position in Synchrony Financial during the 4th quarter worth approximately $0. Westside Investment Management Inc. grew 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 worth $104,000 after acquiring an additional 867 shares in the last quarter. D Orazio & Associates Inc. grew its holdings in Synchrony Financial by 75.0% during the 2nd quarter. D Orazio & Associates Inc. now owns 4,200 shares of the financial services provider’s stock worth $106,000 after acquiring an additional 1,800 shares in the last quarter. Finally, First Quadrant L P CA grew 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 worth $111,000 after acquiring an additional 1,328 shares in the last quarter. Institutional investors own 87.06% of the company’s stock.
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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