SYF has been the subject of a number of other research reports. BTIG Research initiated coverage on Synchrony Financial in a report on Sunday, July 10th. They set a buy rating and a $42.00 target price for the company. BMO Capital Markets restated a buy rating and set a $108.00 target price on shares of Synchrony Financial in a report on Tuesday, July 5th. Vetr downgraded Synchrony Financial from a strong-buy rating to a buy rating and set a $34.10 target price for the company. in a report on Wednesday, May 25th. Nomura reiterated a buy rating and issued a $34.00 price objective on shares of Synchrony Financial in a report on Thursday, September 22nd. Finally, DA Davidson reiterated a buy rating and issued a $37.00 price objective on shares of Synchrony Financial in a report on Friday, June 17th. Three research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $40.36.
Shares of Synchrony Financial (NYSE:SYF) opened at 27.81 on Thursday. Synchrony Financial has a 1-year low of $23.25 and a 1-year high of $34.60. The stock has a 50 day moving average of $27.34 and a 200-day moving average of $28.31. The firm has a market capitalization of $23.19 billion, a P/E ratio of 10.61 and a beta of 0.92.
Synchrony Financial (NYSE:SYF) last announced its earnings results on Friday, July 22nd. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. Synchrony Financial had a return on equity of 16.97% and a net margin of 15.63%. During the same quarter in the prior year, the firm earned $0.65 earnings per share. On average, equities analysts expect that Synchrony Financial will post $2.63 earnings per share for the current year.
Several large investors have recently added to or reduced their stakes in SYF. D Orazio & Associates Inc. boosted its position in shares of Synchrony Financial by 75.0% in the second quarter. D Orazio & Associates Inc. now owns 4,200 shares of the company’s stock valued at $106,000 after buying an additional 1,800 shares during the last quarter. Societe Generale purchased a new position in shares of Synchrony Financial during the second quarter valued at about $118,000. Daiwa SB Investments Ltd. boosted its position in shares of Synchrony Financial by 8.5% in the second quarter. Daiwa SB Investments Ltd. now owns 5,250 shares of the company’s stock valued at $130,000 after buying an additional 410 shares during the last quarter. Euclid Advisors LLC purchased a new position in shares of Synchrony Financial during the second quarter valued at about $143,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Synchrony Financial by 58.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,688 shares of the company’s stock valued at $144,000 after buying an additional 2,090 shares during the last quarter. 88.05% of the stock is currently owned by institutional investors.
About Synchrony Financial
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.
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