Synchrony Financial (SYF) Earning Somewhat Positive Press Coverage, Analysis Finds

Media headlines about Synchrony Financial (NYSE:SYF) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Synchrony Financial earned a daily sentiment score of 0.14 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 46.6133013748889 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:

SYF has been the subject of a number of recent research reports. JMP Securities lifted their price objective on Synchrony Financial from $35.00 to $37.00 and gave the company a “market outperform” rating in a research note on Monday, October 23rd. Bank of America Corporation cut Synchrony Financial from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $35.00 to $33.00 in a research note on Friday, October 6th. Morgan Stanley cut Synchrony Financial from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $35.00 to $32.00 in a research note on Friday, September 8th. Zacks Investment Research cut Synchrony Financial from a “hold” rating to a “sell” rating in a research note on Monday, September 25th. Finally, Wells Fargo & Company lifted their price objective 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. Twelve investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Synchrony Financial has a consensus rating of “Buy” and a consensus target price of $36.77.

Shares of Synchrony Financial (NYSE SYF) opened at $33.11 on Monday. The company has a market capitalization of $25,911.61, a price-to-earnings ratio of 12.64, a P/E/G ratio of 1.37 and a beta of 1.02. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.38. Synchrony Financial has a 1 year low of $26.01 and a 1 year high of $38.06.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings data on Friday, October 20th. The financial services provider reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.06. The company had revenue of $3.88 billion during the quarter, compared to analysts’ expectations of $3.78 billion. Synchrony Financial had a return on equity of 14.84% and a net margin of 13.17%. During the same quarter in the prior year, the business earned $0.73 earnings per share. equities analysts forecast that Synchrony Financial will post 2.6 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 16th. Investors of record on Monday, November 6th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date is Friday, November 3rd. Synchrony Financial’s dividend payout ratio (DPR) is presently 22.90%.

In other Synchrony Financial news, insider Jonathan S. Mothner sold 1,500 shares of the business’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $32.82, for a total transaction of $49,230.00. Following the completion of the sale, the insider now owns 113,934 shares of the company’s stock, valued at $3,739,313.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jonathan S. Mothner sold 1,000 shares of the business’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $33.50, for a total value of $33,500.00. Following the sale, the insider now directly owns 113,578 shares of the company’s stock, valued at approximately $3,804,863. The disclosure for this sale can be found here. Insiders own 0.03% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Synchrony Financial (NYSE:SYF)

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