Synchrony Financial (NYSE:SYF) has been assigned a $55.00 target price by investment analysts at Barclays in a report released on Thursday. The brokerage presently has a “buy” rating on the financial services provider’s stock. Barclays’ price target would suggest a potential upside of 38.33% from the stock’s previous close.
A number of other research firms have also recently weighed in on SYF. Wells Fargo & Co upgraded Synchrony Financial from a “market perform” rating to an “outperform” rating and set a $35.00 price target on the stock in a report on Tuesday. Jefferies Group restated a “buy” rating and issued a $44.00 price target on shares of Synchrony Financial in a report on Tuesday, December 26th. Wedbush set a $41.00 target price on Synchrony Financial and gave the company a “hold” rating in a report on Monday, December 11th. BTIG Research reiterated a “buy” rating and set a $44.00 target price on shares of Synchrony Financial in a report on Sunday, December 17th. Finally, Bank of America upgraded Synchrony Financial from a “neutral” rating to a “buy” rating in a report on Monday, December 18th. Ten investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $38.40.
Synchrony Financial (NYSE:SYF) traded up $0.10 on Thursday, hitting $39.76. The company had a trading volume of 6,144,200 shares, compared to its average volume of 5,163,950. The firm has a market cap of $31,120.00, a PE ratio of 15.12, a P/E/G ratio of 1.62 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 has a 1-year low of $26.01 and a 1-year high of $40.17.
In other news, insider David P. Melito sold 2,580 shares of the firm’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $35.00, for a total transaction of $90,300.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Olympia J. Snowe acquired 3,000 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were acquired 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 of the company’s stock, valued at $354,307.20. The disclosure for this purchase can be found here. Insiders have sold 6,961 shares of company stock worth $244,508 in the last 90 days. Insiders own 0.03% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Westside Investment Management Inc. boosted its holdings in shares of Synchrony Financial by 32.1% during the second quarter. Westside Investment Management Inc. now owns 3,567 shares of the financial services provider’s stock worth $104,000 after purchasing an additional 867 shares during the last quarter. Patten Group Inc. boosted its holdings in shares of Synchrony Financial by 3,019.4% during the third quarter. Patten Group Inc. now owns 106,713 shares of the financial services provider’s stock worth $106,000 after purchasing an additional 103,292 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Synchrony Financial by 9.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,387 shares of the financial services provider’s stock worth $160,000 after purchasing an additional 486 shares during the last quarter. Highlander Capital Management LLC boosted its holdings in shares of Synchrony Financial by 83.6% during the second quarter. Highlander Capital Management LLC now owns 5,492 shares of the financial services provider’s stock worth $165,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Sun Life Financial INC raised its position in shares of Synchrony Financial by 40,207.1% in the 2nd quarter. Sun Life Financial INC now owns 5,643 shares of the financial services provider’s stock worth $168,000 after buying an additional 5,629 shares during the period. Institutional investors and hedge funds own 85.46% 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.