Synchrony Financial (NYSE:SYF) received a $41.00 price objective from investment analysts at Wedbush in a research report issued on Monday. The brokerage currently has a “hold” rating on the financial services provider’s stock. Wedbush’s target price would suggest a potential upside of 9.07% from the stock’s current price.

Other analysts have also issued reports about the stock. Keefe, Bruyette & Woods reissued 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 reissued a “buy” rating and set a $40.00 price target on shares of Synchrony Financial in a research report on Friday, August 25th. Jefferies Group reissued a “buy” rating and set a $40.00 price target on shares of Synchrony Financial in a research report on Thursday, September 21st. Barclays set a $40.00 price target on shares of Synchrony Financial and gave the company a “buy” rating in a research report on Monday, October 23rd. Finally, Morgan Stanley increased their price target on shares of Synchrony Financial from $32.00 to $35.00 and gave the company an “equal weight” rating in a research report on Monday, October 23rd. Twelve research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $37.35.

Synchrony Financial (SYF) traded up $0.09 during trading hours on Monday, reaching $37.59. 5,916,791 shares of the company were exchanged, compared to its average volume of 7,058,163. Synchrony Financial has a 52 week low of $26.01 and a 52 week high of $38.06. The stock has a market capitalization of $29,347.19, a price-to-earnings ratio of 14.31, a PEG ratio of 1.89 and a beta of 1.06. 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 (NYSE:SYF) last released its quarterly earnings data on Friday, October 20th. The financial services provider reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.06. The company had revenue of $3.88 billion during the quarter, compared to analyst estimates of $3.78 billion. Synchrony Financial had a net margin of 13.17% and a return on equity of 14.84%. During the same period in the prior year, the firm earned $0.73 earnings per share. sell-side analysts predict that Synchrony Financial will post 2.59 EPS for the current fiscal year.

In related news, insider Jonathan S. Mothner sold 1,000 shares of the stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $33.50, for a total value of $33,500.00. Following the transaction, the insider now owns 113,578 shares in the company, valued at approximately $3,804,863. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Olympia J. Snowe purchased 3,000 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was acquired at an average price of $33.40 per share, for a total transaction of $100,200.00. Following the acquisition, the director now owns 10,608 shares in the company, valued at approximately $354,307.20. The disclosure for this purchase can be found here. In the last quarter, insiders sold 6,961 shares of company stock worth $244,508. 0.03% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of the stock. Global X Management Co. LLC grew its stake in shares of Synchrony Financial by 19.8% during the 2nd quarter. Global X Management Co. LLC now owns 7,460 shares of the financial services provider’s stock worth $222,000 after purchasing an additional 1,234 shares during the period. Schwab Charles Investment Management Inc. grew its stake in shares of Synchrony Financial by 8.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,717,021 shares of the financial services provider’s stock worth $81,022,000 after purchasing an additional 212,342 shares during the period. First Trust Advisors LP grew its stake in shares of Synchrony Financial by 21.4% during the 2nd quarter. First Trust Advisors LP now owns 1,126,939 shares of the financial services provider’s stock worth $33,605,000 after purchasing an additional 198,502 shares during the period. Catalyst Capital Advisors LLC acquired a new stake in shares of Synchrony Financial during the 2nd quarter worth approximately $319,000. Finally, Wedbush Securities Inc. grew its stake in shares of Synchrony Financial by 8.4% during the 2nd quarter. Wedbush Securities Inc. now owns 8,978 shares of the financial services provider’s stock worth $268,000 after purchasing an additional 695 shares during the period. Institutional investors own 85.77% of the company’s stock.

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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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