Synchrony Financial (SYF) Given a $55.00 Price Target at Barclays

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.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings results on Friday, October 20th. The financial services provider reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the firm posted $0.73 EPS. equities analysts expect that Synchrony Financial will post 2.57 earnings per share for the current fiscal year.

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.

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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)