Synchrony Financial (NYSE:SYF) – Equities research analysts at Jefferies Group lifted their FY2017 earnings per share (EPS) estimates for Synchrony Financial in a research note issued on Monday. Jefferies Group analyst J. Hecht now anticipates that the financial services provider will post earnings of $2.58 per share for the year, up from their prior estimate of $2.57. Jefferies Group currently has a “Buy” rating and a $40.00 target price on the stock. Jefferies Group also issued estimates for Synchrony Financial’s Q4 2017 earnings at $0.65 EPS, Q1 2018 earnings at $0.74 EPS and Q2 2018 earnings at $0.84 EPS.

A number of other analysts also recently commented on SYF. Morgan Stanley downgraded Synchrony Financial from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $35.00 to $32.00 in a research note on Friday, September 8th. Bank of America Corporation downgraded Synchrony Financial from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $35.00 to $33.00 in a research report on Friday, October 6th. 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. BMO Capital Markets reiterated a “buy” rating and set a $40.00 price target on shares of Synchrony Financial in a research report on Friday, August 25th. Finally, BidaskClub upgraded Synchrony Financial from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Twelve equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $36.63.

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Synchrony Financial (NYSE:SYF) opened at 32.68 on Tuesday. Synchrony Financial has a 12 month low of $26.01 and a 12 month high of $38.06. The firm has a 50-day moving average price of $30.46 and a 200 day moving average price of $29.88. The stock has a market capitalization of $25.99 billion, a PE ratio of 12.27 and a beta of 1.01.

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 the consensus estimate of $0.64 by $0.06. The business had revenue of $3.88 billion for the quarter, compared to analysts’ expectations of $3.78 billion. Synchrony Financial had a return on equity of 14.84% and a net margin of 13.17%. During the same period last year, the firm posted $0.73 earnings per share.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SYF. Berkshire Hathaway Inc. purchased a new position in shares of Synchrony Financial in the second quarter valued at approximately $520,747,000. Janus Henderson Group PLC lifted its position in shares of Synchrony Financial by 1,820.5% in the second quarter. Janus Henderson Group PLC now owns 10,934,573 shares of the financial services provider’s stock valued at $326,070,000 after acquiring an additional 10,365,219 shares in the last quarter. FMR LLC lifted its position in shares of Synchrony Financial by 27.1% in the second quarter. FMR LLC now owns 36,964,054 shares of the financial services provider’s stock valued at $1,102,267,000 after acquiring an additional 7,874,689 shares in the last quarter. Capital World Investors purchased a new position in shares of Synchrony Financial in the second quarter valued at approximately $202,269,000. Finally, Boston Partners increased its holdings in shares of Synchrony Financial by 39.3% in the second quarter. Boston Partners now owns 12,891,959 shares of the financial services provider’s stock valued at $384,439,000 after purchasing an additional 3,637,487 shares during the last quarter. Institutional investors and hedge funds own 87.03% 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.

Earnings History and Estimates for Synchrony Financial (NYSE:SYF)

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