Synchrony Financial (SYF) Given “Hold” Rating at Oppenheimer

Synchrony Financial (NYSE:SYF)‘s stock had its “hold” rating reiterated by investment analysts at Oppenheimer in a research report issued to clients and investors on Monday.

Several other equities research analysts also recently weighed in on the stock. Bank of America raised shares of Synchrony Financial from a “neutral” rating to a “buy” rating in a research note on Monday, December 18th. BTIG Research reaffirmed a “buy” rating and set a $44.00 target price on shares of Synchrony Financial in a research note on Sunday, December 17th. JMP Securities upped their target price on shares of Synchrony Financial from $35.00 to $37.00 and gave the stock a “market outperform” rating in a research note on Monday, October 23rd. Wells Fargo & Co upped their target price 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, Barclays set a $53.00 target price on shares of Synchrony Financial and gave the stock a “buy” rating in a research note on Tuesday, December 12th. Ten analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $38.40.

Synchrony Financial (NYSE:SYF) traded up $1.05 during trading on Monday, hitting $39.52. 15,121,405 shares of the stock were exchanged, compared to its average volume of 8,155,000. Synchrony Financial has a twelve month low of $26.01 and a twelve month high of $40.17. The stock has a market cap of $30,930.00, a P/E ratio of 16.33, a price-to-earnings-growth ratio of 1.47 and a beta of 1.06. The company has a quick ratio of 1.47, a current ratio of 1.45 and a debt-to-equity ratio of 1.46.

Synchrony Financial (NYSE:SYF) last announced its earnings results on Friday, January 19th. The financial services provider reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.07. Synchrony Financial had a net margin of 11.75% and a return on equity of 14.62%. The firm had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.96 billion. During the same period in the prior year, the firm earned $0.70 EPS. equities research analysts forecast that Synchrony Financial will post 3.42 earnings per share for the current year.

In other news, insider David P. Melito sold 2,000 shares of the company’s stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $40.00, for a total value of $80,000.00. Following the completion of the transaction, the insider now owns 39,259 shares in the company, valued at approximately $1,570,360. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Laurel Richie bought 1,000 shares of the stock in a transaction dated Monday, November 20th. The stock was bought at an average price of $34.20 per share, with a total value of $34,200.00. Following the acquisition, the director now owns 8,608 shares in the company, valued at approximately $294,393.60. The disclosure for this purchase can be found here. Over the last three months, insiders sold 7,961 shares of company stock worth $291,008. Insiders own 0.03% of the company’s stock.

Several institutional investors have recently modified their holdings of SYF. Berkshire Hathaway Inc. acquired a new position in shares of Synchrony Financial in the 2nd quarter valued at $520,747,000. Janus Henderson Group PLC boosted its holdings in shares of Synchrony Financial by 1,820.5% in the 2nd quarter. Janus Henderson Group PLC now owns 10,934,573 shares of the financial services provider’s stock valued at $326,070,000 after buying an additional 10,365,219 shares in the last quarter. Capital World Investors acquired a new position in shares of Synchrony Financial in the 2nd quarter valued at $202,269,000. Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of Synchrony Financial by 2,777.1% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,109,742 shares of the financial services provider’s stock valued at $128,144,000 after buying an additional 3,966,900 shares in the last quarter. Finally, Bank of Montreal Can boosted its holdings in shares of Synchrony Financial by 30.3% in the 4th quarter. Bank of Montreal Can now owns 5,521,901 shares of the financial services provider’s stock valued at $213,200,000 after buying an additional 1,284,298 shares in the last quarter. Institutional investors and hedge funds own 85.61% 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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