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.
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.
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