Synchrony Financial (SYF) Given a $41.00 Price Target by Wedbush Analysts

Synchrony Financial (NYSE:SYF) has been given a $41.00 target price by equities research analysts at Wedbush in a research note issued to investors on Monday. The firm presently has a “hold” rating on the financial services provider’s stock. Wedbush’s price objective suggests a potential upside of 9.33% from the stock’s previous close.

A number of other research analysts have also recently commented on SYF. Jefferies Group raised their target price on Synchrony Financial to $44.00 and gave the company a “top pick” rating in a research note on Friday, December 1st. Barclays restated a “buy” rating and issued a $43.00 target price on shares of Synchrony Financial in a research note on Tuesday, November 21st. Oppenheimer restated a “hold” rating on shares of Synchrony Financial in a research note on Tuesday, October 31st. Wells Fargo & Company raised their target price on Synchrony Financial from $33.00 to $35.00 and gave the company a “market perform” rating in a research note on Monday, October 23rd. Finally, Zacks Investment Research upgraded Synchrony Financial from a “strong sell” rating to a “hold” rating in a research note on Monday, October 23rd. Twelve equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $37.35.

Shares of Synchrony Financial (NYSE SYF) traded up $0.16 during midday trading on Monday, reaching $37.50. The company’s stock had a trading volume of 7,833,900 shares, compared to its average volume of 7,062,979. The company has a market cap of $29,347.19, a price-to-earnings ratio of 14.31, a P/E/G ratio of 1.89 and a beta of 1.06. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.47 and a quick ratio of 1.47. Synchrony Financial has a fifty-two week low of $26.01 and a fifty-two week high of $38.06.

Synchrony Financial (NYSE:SYF) last announced its earnings results on Friday, October 20th. The financial services provider reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.06. The business had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.78 billion. Synchrony Financial had a return on equity of 14.84% and a net margin of 13.17%. During the same period in the prior year, the company earned $0.73 EPS. sell-side analysts expect that Synchrony Financial will post 2.59 EPS for the current fiscal year.

In other Synchrony Financial news, insider David P. Melito sold 2,580 shares of Synchrony Financial stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $35.00, for a total value of $90,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David P. Melito sold 1,881 shares of Synchrony Financial stock in a transaction on Monday, December 4th. The stock was sold at an average price of $38.00, for a total value of $71,478.00. Following the completion of the sale, the insider now directly owns 43,140 shares of the company’s stock, valued at approximately $1,639,320. The disclosure for this sale can be found here. In the last three months, insiders sold 6,961 shares of company stock valued at $244,508. Corporate insiders own 0.03% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Steward Partners Investment Advisory LLC purchased a new position in Synchrony Financial in the 3rd quarter valued at about $192,000. Yellowstone Partners LLC purchased a new position in Synchrony Financial in the 3rd quarter valued at about $397,000. RWC Asset Management LLP lifted its stake in Synchrony Financial by 22.2% in the 3rd quarter. RWC Asset Management LLP now owns 493,601 shares of the financial services provider’s stock valued at $15,326,000 after buying an additional 89,655 shares in the last quarter. Afam Capital Inc. lifted its stake in Synchrony Financial by 8.2% in the 3rd quarter. Afam Capital Inc. now owns 53,339 shares of the financial services provider’s stock valued at $1,656,000 after buying an additional 4,026 shares in the last quarter. Finally, Highlander Capital Management LLC lifted its stake in Synchrony Financial by 91.0% in the 3rd quarter. Highlander Capital Management LLC now owns 10,492 shares of the financial services provider’s stock valued at $326,000 after buying an additional 5,000 shares in the last quarter. 85.77% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Synchrony Financial (NYSE:SYF)

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