Synchrony Financial (SYF) Given Average Rating of “Hold” by Analysts

Shares of Synchrony Financial (NYSE:SYF) have been given a consensus rating of “Hold” by the eighteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and nine have given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $37.69.

A number of equities analysts recently issued reports on the company. ValuEngine upgraded Synchrony Financial from a “sell” rating to a “hold” rating in a report on Thursday, March 14th. Stephens upgraded Synchrony Financial from an “underweight” rating to an “equal weight” rating in a research note on Thursday, January 3rd. Goldman Sachs Group upgraded Synchrony Financial from a “neutral” rating to a “buy” rating and set a $38.00 price objective on the stock in a research note on Thursday, February 14th. Barclays raised their price objective on Synchrony Financial to $35.00 and gave the company an “equal weight” rating in a research note on Thursday, January 24th. Finally, Zacks Investment Research cut Synchrony Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, March 27th.

Shares of SYF traded up $0.08 during trading hours on Wednesday, reaching $33.24. The stock had a trading volume of 4,194,124 shares, compared to its average volume of 7,096,197. Synchrony Financial has a 12 month low of $21.77 and a 12 month high of $36.32. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.63. The stock has a market cap of $22.94 billion, a P/E ratio of 8.89, a P/E/G ratio of 1.02 and a beta of 1.28.

Synchrony Financial (NYSE:SYF) last issued its earnings results on Wednesday, January 23rd. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, topping 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 company had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.25 billion. During the same period last year, the business earned $0.70 EPS. On average, analysts expect that Synchrony Financial will post 4.21 EPS for the current year.

In other Synchrony Financial news, insider David P. Melito sold 3,204 shares of the firm’s stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $32.00, for a total transaction of $102,528.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider David P. Melito sold 3,934 shares of Synchrony Financial stock in a transaction 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 sale, the insider now owns 29,486 shares in the company, valued at $884,580. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 60,342 shares of company stock worth $1,966,668. Company insiders own 0.07% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SYF. Martingale Asset Management L P raised its stake in shares of Synchrony Financial by 5.0% during the 3rd quarter. Martingale Asset Management L P now owns 142,556 shares of the financial services provider’s stock worth $4,431,000 after purchasing an additional 6,772 shares during the period. Matarin Capital Management LLC bought a new stake in shares of Synchrony Financial during the 3rd quarter worth $3,673,000. Afam Capital Inc. raised its stake in shares of Synchrony Financial by 44.7% during the 3rd quarter. Afam Capital Inc. now owns 69,658 shares of the financial services provider’s stock worth $2,165,000 after purchasing an additional 21,505 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Synchrony Financial by 94.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 7,548,840 shares of the financial services provider’s stock worth $234,618,000 after purchasing an additional 3,669,660 shares during the period. Finally, Pacer Advisors Inc. raised its stake in shares of Synchrony Financial by 7.7% during the 3rd quarter. Pacer Advisors Inc. now owns 36,533 shares of the financial services provider’s stock worth $1,135,000 after purchasing an additional 2,616 shares during the period. Institutional investors own 88.81% 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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