Synchrony Financial (NYSE:SYF) had its target price boosted by investment analysts at Jefferies Group to $44.00 in a report released on Friday. The firm presently has a “top pick” rating on the financial services provider’s stock. Jefferies Group’s price target would suggest a potential upside of 24.54% from the company’s previous close.

Several other analysts also recently commented on SYF. JMP Securities raised their price objective on shares of Synchrony Financial from $35.00 to $37.00 and gave the company a “market outperform” rating in a research report on Monday, October 23rd. Barclays set a $40.00 price target on shares of Synchrony Financial and gave the company a “buy” rating in a report on Monday, October 23rd. Zacks Investment Research raised shares of Synchrony Financial from a “strong sell” rating to a “hold” rating in a research note on Monday, October 23rd. Wells Fargo & Company lifted their price target on shares of Synchrony Financial from $33.00 to $35.00 and gave the stock a “market perform” rating in a research note on Monday, October 23rd. Finally, BidaskClub cut shares of Synchrony Financial from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Twelve investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $37.14.

Synchrony Financial (NYSE:SYF) traded down $0.56 during midday trading on Friday, reaching $35.33. 302,680 shares of the company’s stock traded hands, compared to its average volume of 6,330,000. The stock has a market capitalization of $28,090.00, a price-to-earnings ratio of 13.16, a price-to-earnings-growth ratio of 1.73 and a beta of 1.02. 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 twelve month low of $26.01 and a twelve month high of $38.06.

Synchrony Financial (NYSE:SYF) last issued its earnings results on Friday, October 20th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.06. Synchrony Financial had a net margin of 13.17% and a return on equity of 14.84%. The company had revenue of $3.88 billion for the quarter, compared to analysts’ expectations of $3.78 billion. During the same quarter last year, the company posted $0.73 earnings per share. equities analysts expect that Synchrony Financial will post 2.59 earnings per share for the current year.

In related news, Director Olympia J. Snowe purchased 3,000 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was purchased at an average price of $33.40 per share, for a total transaction of $100,200.00. Following the acquisition, the director now directly owns 10,608 shares in the company, valued at $354,307.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jonathan S. Mothner sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $33.50, for a total value of $33,500.00. Following the completion of the transaction, the insider now owns 113,578 shares of the company’s stock, valued at approximately $3,804,863. The disclosure for this sale can be found here. 0.03% of the stock is owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the stock. Creative Planning boosted its position in Synchrony Financial by 51.5% during the second quarter. Creative Planning now owns 8,885 shares of the financial services provider’s stock valued at $265,000 after purchasing an additional 3,022 shares during the last quarter. State of Alaska Department of Revenue grew its position in Synchrony Financial by 19.7% in the second quarter. State of Alaska Department of Revenue now owns 5,338 shares of the financial services provider’s stock worth $159,000 after acquiring an additional 880 shares in the last quarter. First Quadrant L P CA grew its position in Synchrony Financial by 55.4% in the second 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. Benjamin F. Edwards & Company Inc. grew its position in Synchrony Financial by 39.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,560 shares of the financial services provider’s stock worth $136,000 after acquiring an additional 1,280 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its position in Synchrony Financial by 54.0% during the second quarter. Municipal Employees Retirement System of Michigan now owns 39,290 shares of the financial services provider’s stock valued at $1,172,000 after buying an additional 13,770 shares during the period. 85.68% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Synchrony Financial (NYSE:SYF)

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