Synchrony Financial (SYF) Receives Average Recommendation of “Buy” from Analysts

Synchrony Financial (NYSE:SYF) has received an average rating of “Buy” from the twenty-four research firms that are covering the stock, MarketBeat.com reports. Nine equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $38.59.

A number of research firms recently weighed in on SYF. Zacks Investment Research raised shares of Synchrony Financial from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a report on Wednesday, January 31st. Barclays set a $55.00 price target on shares of Synchrony Financial and gave the company a “buy” rating in a report on Thursday, January 11th. Oppenheimer reaffirmed a “hold” rating on shares of Synchrony Financial in a report on Monday, January 22nd. Wells Fargo & Co raised shares of Synchrony Financial from a “market perform” rating to an “outperform” rating and set a $35.00 price target for the company in a report on Tuesday, January 9th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $44.00 price target on shares of Synchrony Financial in a report on Tuesday, December 26th.

In related news, Director Laurel Richie acquired 1,000 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was bought at an average cost of $34.20 per share, with a total value of $34,200.00. Following the acquisition, the director now directly owns 8,608 shares in the company, valued at $294,393.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Olympia J. Snowe acquired 3,000 shares of the firm’s stock in a transaction on Friday, November 17th. The shares were bought at an average cost of $33.40 per share, with a total value of $100,200.00. Following the completion of the acquisition, the director now owns 10,608 shares in the company, valued at $354,307.20. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 6,461 shares of company stock valued at $241,778. 0.03% of the stock is owned by company insiders.

A number of hedge funds have recently made changes to their positions in SYF. Flossbach Von Storch AG acquired a new position in shares of Synchrony Financial in the 4th quarter valued at about $202,000. TRUE Private Wealth Advisors acquired a new position in shares of Synchrony Financial in the 4th quarter valued at about $204,000. SpiderRock Advisors LLC acquired a new position in shares of Synchrony Financial in the 3rd quarter valued at about $176,000. Raymond James Trust N.A. acquired a new position in shares of Synchrony Financial in the 4th quarter valued at about $218,000. Finally, Capital Asset Advisory Services LLC acquired a new position in shares of Synchrony Financial in the 4th quarter valued at about $219,000. 86.78% of the stock is owned by institutional investors.

Synchrony Financial (NYSE:SYF) opened at $34.98 on Friday. Synchrony Financial has a one year low of $26.01 and a one year high of $40.59. The company has a quick ratio of 1.47, a current ratio of 1.45 and a debt-to-equity ratio of 1.46. The company has a market cap of $27,380.00, a price-to-earnings ratio of 14.45, a PEG ratio of 1.46 and a beta of 1.01.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings results on Friday, January 19th. The financial services provider reported $0.70 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.07. The business had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.96 billion. Synchrony Financial had a net margin of 11.75% and a return on equity of 14.62%. During the same period last year, the business earned $0.70 EPS. sell-side analysts forecast that Synchrony Financial will post 3.38 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Monday, February 5th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.72%. The ex-dividend date is Friday, February 2nd. Synchrony Financial’s dividend payout ratio is currently 24.79%.

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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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