Stephens Reaffirms “Hold” Rating for Synchrony Financial (SYF)

Synchrony Financial (NYSE:SYF)‘s stock had its “hold” rating restated by equities research analysts at Stephens in a report released on Sunday, January 27th. They presently have a $34.00 price target on the financial services provider’s stock. Stephens’ target price would suggest a potential upside of 13.56% from the stock’s current price.

A number of other analysts have also commented on the company. CIBC raised Synchrony Financial from a “market perform” rating to an “outperform” rating and set a $43.00 target price for the company in a research report on Thursday, January 24th. Oppenheimer upgraded Synchrony Financial from a “market perform” rating to an “outperform” rating and set a $43.00 price target for the company in a research note on Thursday, January 24th. Barclays lifted their price target on Synchrony Financial to $35.00 and gave the company an “equal weight” rating in a research note on Thursday, January 24th. Zacks Investment Research reiterated a “hold” rating and set a $25.00 price target on shares of Synchrony Financial in a research note on Monday, December 31st. Finally, ValuEngine upgraded Synchrony Financial from a “strong sell” rating to a “sell” rating in a research note on Friday, December 7th. One analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company. Synchrony Financial currently has an average rating of “Buy” and a consensus price target of $37.71.

Shares of Synchrony Financial stock opened at $29.94 on Friday. Synchrony Financial has a one year low of $21.77 and a one year high of $38.07. The stock has a market capitalization of $21.52 billion, a P/E ratio of 8.01, a PEG ratio of 0.77 and a beta of 1.27. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.41 and a quick ratio of 1.40.

Synchrony Financial (NYSE:SYF) last issued its earnings results on Wednesday, January 23rd. The financial services provider reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.16. Synchrony Financial had a return on equity of 19.41% and a net margin of 15.45%. The business had revenue of $4.40 billion during the quarter, compared to analyst estimates of $4.25 billion. During the same period in the previous year, the company posted $0.70 EPS. Analysts expect that Synchrony Financial will post 4.37 EPS for the current fiscal year.

In other news, insider David P. Melito sold 3,934 shares of the business’s stock in a transaction that occurred on Thursday, January 31st. The stock was sold at an average price of $30.00, for a total value of $118,020.00. Following the transaction, the insider now owns 29,486 shares in the company, valued at approximately $884,580. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider David P. Melito sold 3,204 shares of the business’s stock in a transaction that occurred on Thursday, January 24th. The stock was sold at an average price of $30.00, for a total value of $96,120.00. Following the completion of the transaction, the insider now owns 40,313 shares in the company, valued at approximately $1,209,390. The disclosure for this sale can be found here. 0.07% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Enlightenment Research LLC bought a new stake in Synchrony Financial during the 4th quarter valued at $28,000. Taylor Hoffman Wealth Management bought a new stake in Synchrony Financial during the 4th quarter valued at $39,000. Dubuque Bank & Trust Co. bought a new stake in Synchrony Financial during the 4th quarter valued at $43,000. Huntington National Bank raised its holdings in Synchrony Financial by 47.6% during the 4th quarter. Huntington National Bank now owns 1,908 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 615 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its holdings in Synchrony Financial by 2,218.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,810,995 shares of the financial services provider’s stock valued at $77,000 after acquiring an additional 1,732,885 shares during the period. Hedge funds and other institutional investors own 83.94% of the company’s stock.

Synchrony Financial Company Profile

Synchrony Financial operates as a consumer financial services company in the United States. The company offers private label credit cards, dual cards, general purpose co-branded credit cards, and small and medium-sized business credit products; and promotional financing for consumer purchases, such as private label credit cards and installment loans.

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Analyst Recommendations for Synchrony Financial (NYSE:SYF)

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