Synchrony Financial Stock (New York Stock Exchange:SYF – get rating) have received an average rating of “Buy” from the twenty-one analysts who cover the company, Marketbeat Ratings reports. One stock research analyst rated the stock with a sell recommendation, five assigned a hold recommendation, and twelve issued a buy recommendation on the company. The average 12-month price target among analysts who have issued ratings on the stock in the past year is $51.00.
Several research analysts have commented on the company. StockNews.com took over the coverage at Synchrony Financial in a report on Thursday, March 31. They set a “hold” rating on the stock. Morgan Stanley downgraded Synchrony Financial from an “overweight” rating to an “equal weight” rating and lowered its price target on the stock from $56.00 to $40.00 in a report on Monday, March 28. Wolfe Research downgraded Synchrony Financial from a “peer performer” rating to an “underperformer” rating and set a $22.00 price target on the stock. in a report on Thursday, May 12. Stephens lowered his price target on Synchrony Financial to $47.00 from $54.00 and set an “equal weight” rating on the stock in a research report Tuesday, April 19. Ultimately, The Goldman Sachs Group raised its price target on Synchrony Financial from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, April 19.
Actions of NYSE SYF opened at $36.22 on Friday. The firm has a debt-to-equity ratio of 1.05, a quick ratio of 1.18, and a current ratio of 1.24. The company’s 50-day moving average price is $36.39 and its 200-day moving average price is $41.49. Synchrony Financial has a fifty two week minimum of $31.36 and a fifty two week maximum of $52.49. The company has a market cap of $18.16 billion, a P/E ratio of 4.91, a PEG ratio of 0.29, and a beta of 1.43.
Financial Synchronization (New York Stock Exchange:SYF – get rating) last published its quarterly earnings data on Monday, April 18. The financial services provider reported $1.77 EPS for the quarter, beating the consensus estimate of $1.54 by $0.23. Synchrony Financial achieved a return on equity of 29.99% and a net margin of 26.26%. During the same quarter of the previous year, the company recorded $1.73 EPS. Sell-side analysts predict that Synchrony Financial will post 5.63 earnings per share for the current year.
Synchrony Financial announced that its Board of Directors approved a share repurchase program on Monday, April 18 that allows the company to repurchase $2.8 billion in shares. This repurchase authorization allows the financial services provider to repurchase up to 13.6% of its shares through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.
The company also recently declared a quarterly dividend, which was paid on Thursday, May 12. Shareholders of record on Monday, May 2 received a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, April 29. This represents a dividend of $0.88 on an annualized basis and a yield of 2.43%. Synchrony Financial’s dividend payout ratio is currently 11.94%.
Institutional investors and hedge funds have recently changed their holdings in the business. EverSource Wealth Advisors LLC increased its holding in Synchrony Financial stock by 1,769.1% during the first quarter. EverSource Wealth Advisors LLC now owns 1,757 shares of the financial services provider valued at $61,000 after buying an additional 1,663 shares last quarter. Advisory Services Network LLC increased its holding in Synchrony Financial stock by 357.2% during the first quarter. Advisory Services Network LLC now owns 23,543 shares of the financial services provider valued at $819,000 after purchasing an additional 18,394 shares during the last quarter. Toroso Investments LLC increased its holding in shares of Synchrony Financial by 12.3% during the first quarter. Toroso Investments LLC now owns 16,010 shares of the financial services provider valued at $557,000 after buying an additional 1,752 shares last quarter. Chicago Partners Investment Group LLC purchased a new position in Synchrony Financial stock during the first quarter valued at about $215,000. Finally, BNP Paribas Arbitrage SA increased its stake in Synchrony Financial shares by 45.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 550,851 shares of the financial services provider valued at $19,175,000 after buying an additional 171,755 shares last quarter. 98.26% of the shares are owned by institutional investors.
About Synchrony Financial (get rating)
Synchrony Financial, together with its subsidiaries, operates as a consumer financial services company in the United States. Offers credit products, such as credit cards, business credit products, and consumer installment loans. The company also offers private-label credit cards, dual cards, co-branded and general-purpose credit cards, short- and long-term installment loans, and consumer banking products; and deposit products, including certificates of deposit, individual retirement accounts, money market accounts, and savings accounts for retail and business customers, as well as accept deposits through third-party securities brokerage firms.
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