Synchrony Financial (NYSE:SYF) Price Target Raised to $45.00 at Wells Fargo & Company

Synchrony Financial (NYSE:SYF) had its target price boosted by research analysts at Wells Fargo & Company from $38.00 to $45.00 in a report issued on Wednesday, Benzinga reports. The firm presently has an “equal weight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 8.59% from the company’s previous close.

Several other equities research analysts have also commented on the company. The Goldman Sachs Group boosted their price target on Synchrony Financial from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Monday, December 18th. StockNews.com upgraded Synchrony Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, January 24th. Bank of America lifted their price objective on Synchrony Financial from $41.00 to $43.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 6th. Morgan Stanley restated an “underweight” rating and set a $30.00 price objective on shares of Synchrony Financial in a research report on Thursday, February 8th. Finally, JPMorgan Chase & Co. lifted their price objective on Synchrony Financial from $39.00 to $42.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $41.44.

Synchrony Financial Price Performance

Shares of NYSE:SYF opened at $41.44 on Wednesday. The business’s 50 day simple moving average is $40.96 and its 200-day simple moving average is $35.91. The firm has a market capitalization of $16.86 billion, a price-to-earnings ratio of 8.00, a price-to-earnings-growth ratio of 1.03 and a beta of 1.61. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.22 and a quick ratio of 1.22. Synchrony Financial has a 12 month low of $26.59 and a 12 month high of $43.83.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $1.03 EPS for the quarter, topping the consensus estimate of $0.93 by $0.10. The business had revenue of $5.55 billion for the quarter, compared to analyst estimates of $4.45 billion. Synchrony Financial had a return on equity of 17.37% and a net margin of 10.68%. During the same quarter in the previous year, the company earned $1.26 EPS. As a group, equities analysts forecast that Synchrony Financial will post 5.7 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Brian D. Doubles sold 134,696 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $41.26, for a total transaction of $5,557,556.96. Following the sale, the insider now owns 660,353 shares in the company, valued at $27,246,164.78. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Brian D. Doubles sold 134,696 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $41.26, for a total transaction of $5,557,556.96. Following the sale, the insider now owns 660,353 shares in the company, valued at $27,246,164.78. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Curtis Howse sold 6,179 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $42.82, for a total transaction of $264,584.78. Following the sale, the insider now owns 152,604 shares in the company, valued at approximately $6,534,503.28. The disclosure for this sale can be found here. Insiders have sold a total of 148,158 shares of company stock worth $6,106,106 over the last quarter. 0.65% of the stock is owned by company insiders.

Institutional Investors Weigh In On Synchrony Financial

Several institutional investors and hedge funds have recently bought and sold shares of the business. US Bancorp DE raised its stake in Synchrony Financial by 0.8% during the fourth quarter. US Bancorp DE now owns 34,804 shares of the financial services provider’s stock worth $1,329,000 after acquiring an additional 268 shares during the period. Delphia USA Inc. increased its stake in shares of Synchrony Financial by 3.1% in the fourth quarter. Delphia USA Inc. now owns 9,578 shares of the financial services provider’s stock valued at $315,000 after purchasing an additional 287 shares during the period. Assetmark Inc. increased its stake in shares of Synchrony Financial by 4.3% in the fourth quarter. Assetmark Inc. now owns 6,933 shares of the financial services provider’s stock valued at $265,000 after purchasing an additional 288 shares during the period. Shufro Rose & Co. LLC increased its stake in shares of Synchrony Financial by 0.7% in the fourth quarter. Shufro Rose & Co. LLC now owns 42,300 shares of the financial services provider’s stock valued at $1,615,000 after purchasing an additional 300 shares during the period. Finally, Coldstream Capital Management Inc. increased its stake in shares of Synchrony Financial by 4.0% in the fourth quarter. Coldstream Capital Management Inc. now owns 7,862 shares of the financial services provider’s stock valued at $300,000 after purchasing an additional 301 shares during the period. Institutional investors and hedge funds own 96.48% of the company’s stock.

About Synchrony Financial

Synchrony Financial, together with its subsidiaries, operates as a consumer financial services company in the United States. It provides credit products, such as credit cards, commercial credit products, and consumer installment loans. The company also offers private label credit cards, dual co-brand and general purpose credit cards, short- and long-term installment loans, and consumer banking products; and deposit products, including certificates of deposit, individual retirement accounts, money market accounts, and savings accounts, and sweep and affinity deposits, as well as accepts deposits through third-party securities brokerage firms.