Synchrony Financial (NYSE:SYF) Receives Average Analyst Rating of “Moderate Buy”
Synchrony Financial Shares (NYSE: SYF – Get a rating) were given a consensus rating of “moderate buy” by the twenty analysts who currently cover the company, Market assessments reports. One research analyst rated the stock with a sell recommendation, four gave the company a hold recommendation and twelve gave the company a buy recommendation. The 1-year average price target among analysts who have covered the stock over the past year is $51.00.
SYF has been the subject of several research analyst reports. Morgan Stanley downgraded Synchrony Financial from an “overweight” rating to an “equally weighted” rating and lowered its price target for the stock from $56.00 to $40.00 in a Monday, March 28 research note . Stephens lowered his target price on Synchrony Financial from $54.00 to $47.00 and set an “equal weight” rating for the company in a Tuesday, April 19 research note. Wolfe Research downgraded Synchrony Financial from a “peer performing” rating to an “underperforming” rating and set a target price of $22.00 for the company. in a research note on Thursday, May 12. Bank of America lowered its target price on Synchrony Financial from $52.00 to $45.00 in a Thursday, March 17 research note. Finally, Wells Fargo & Company lowered its target price on Synchrony Financial from $52.00 to $45.00 and set an “overweight” rating for the company in a Wednesday, April 6 research note.
Shares of SYF-share opened at $29.45 on Tuesday. The company has a quick ratio of 1.18, a current ratio of 1.24 and a debt ratio of 1.05. The company has a 50-day moving average price of $34.61 and a two-hundred-day moving average price of $39.36. Synchrony Financial has a 12-month low of $27.40 and a 12-month high of $52.49. The company has a market capitalization of $14.77 billion, a P/E ratio of 4.00, a price-to-earnings growth ratio of 0.23 and a beta of 1.43.
Synchrony Financial (NYSE: SYF – Get a rating) last released its quarterly results on Monday, April 18. The financial services provider reported earnings per share (EPS) of $1.73 for the quarter, beating the consensus estimate of $1.53 by $0.20. Synchrony Financial had a return on equity of 29.99% and a net margin of 26.26%. The company posted revenue of $3.79 billion in the quarter, versus analyst estimates of $2.66 billion. In the same quarter a year earlier, the company posted earnings per share of $1.73. As a group, research analysts expect Synchrony Financial to post EPS of 5.63 for the current fiscal year.
Synchrony Financial said its board authorized a stock buyback program on Monday, April 18 that allows the company to repurchase $2.80 billion in outstanding stock. This repurchase authorization allows the financial services provider to purchase up to 13.6% of its shares through purchases on the open market. Stock buyback programs are often a sign that a 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. This represents a dividend of $0.88 on an annualized basis and a yield of 2.99%. The ex-dividend date was Friday, April 29. Synchrony Financial’s payout ratio is 11.94%.
Hedge funds have recently been buying and selling shares of the company. Moors & Cabot Inc. bought a new stock position in Synchrony Financial during Q3 for a value of approximately $26,000. CVA Family Office LLC bought a new stake in shares of Synchrony Financial in Q4 for a value of approximately $30,000. Blue Bell Private Wealth Management LLC purchased a new stake in Synchrony Financial stock in Q4 for approximately $30,000. Quent Capital LLC increased its stake in Synchrony Financial shares by 50.1% in Q1. Quent Capital LLC now owns 1,003 shares of the financial services provider worth $35,000 after buying 335 additional shares in the last quarter. Finally, Column Capital Advisors LLC purchased a new stake in Synchrony Financial stock in Q1 for approximately $37,000. Hedge funds and other institutional investors hold 98.26% of the company’s shares.
Synchrony Financial Company Profile (Get a rating)
Synchrony Financial, together with its subsidiaries, operates as a consumer financial services company in the United States. It provides credit products, such as credit cards, commercial 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 commercial customers, as well as deposits through brokerage firms in third-party securities.
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