Synchrony Financial (NYSE:SYF) has been assigned a $53.00 price target by research analysts at Barclays in a research note issued on Monday. The brokerage presently has a “buy” rating on the financial services provider’s stock. Barclays’ target price indicates a potential upside of 33.23% from the stock’s current price.
Several other research analysts also recently commented on the company. Bank of America raised Synchrony Financial from a “neutral” rating to a “buy” rating in a report on Monday, December 18th. BTIG Research reaffirmed a “buy” rating and set a $44.00 target price on shares of Synchrony Financial in a report on Sunday, December 17th. JMP Securities lifted their target price on Synchrony Financial from $35.00 to $37.00 and gave the stock a “market outperform” rating in a report on Monday, October 23rd. Wells Fargo & Co lifted their target price on Synchrony Financial from $33.00 to $35.00 and gave the stock a “market perform” rating in a report on Monday, October 23rd. Finally, Jefferies Group reaffirmed a “buy” rating and set a $44.00 target price on shares of Synchrony Financial in a report on Tuesday, December 26th. Ten investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $38.30.
Synchrony Financial (SYF) traded up $0.25 during midday trading on Monday, hitting $39.78. The company had a trading volume of 8,380,000 shares, compared to its average volume of 6,880,000. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.47 and a current ratio of 1.45. Synchrony Financial has a 12 month low of $26.01 and a 12 month high of $40.17. The firm has a market cap of $31,130.00, a P/E ratio of 16.44, a price-to-earnings-growth ratio of 1.47 and a beta of 1.06.
In other news, insider Jonathan S. Mothner sold 1,500 shares of Synchrony Financial stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $32.82, for a total value of $49,230.00. Following the completion of the transaction, the insider now directly owns 113,934 shares of the company’s stock, valued at approximately $3,739,313.88. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Laurel Richie acquired 1,000 shares of the stock in a transaction dated Monday, November 20th. The stock was acquired at an average cost of $34.20 per share, with a total value of $34,200.00. Following the completion of the transaction, 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 valued at $291,008. Corporate insiders own 0.03% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Westside Investment Management Inc. increased its position in Synchrony Financial by 32.1% in the 2nd quarter. Westside Investment Management Inc. now owns 3,567 shares of the financial services provider’s stock valued at $104,000 after buying an additional 867 shares in the last quarter. TRUE Private Wealth Advisors bought a new stake in Synchrony Financial in the 4th quarter valued at about $204,000. Highlander Capital Management LLC increased its position in Synchrony Financial by 83.6% in the 2nd quarter. Highlander Capital Management LLC now owns 5,492 shares of the financial services provider’s stock valued at $165,000 after buying an additional 2,500 shares in the last quarter. SpiderRock Advisors LLC bought a new stake in Synchrony Financial in the 3rd quarter valued at about $176,000. Finally, Sun Life Financial INC increased its position in 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 valued at $168,000 after buying an additional 5,629 shares in the last quarter. 85.61% of the stock is owned by hedge funds and other institutional investors.
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.
