Somewhat Positive Media Coverage Somewhat Unlikely to Affect Synchrony Financial (SYF) Stock Price

Press coverage about Synchrony Financial (NYSE:SYF) has trended somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Synchrony Financial earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 44.7007442993519 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:

A number of equities research analysts recently weighed in on the stock. BTIG Research reaffirmed a “buy” rating and set a $44.00 price objective on shares of Synchrony Financial in a research report on Sunday, December 17th. Jefferies Group reissued a “buy” rating and set a $40.00 target price on shares of Synchrony Financial in a research note on Thursday, September 21st. Zacks Investment Research raised shares of Synchrony Financial from a “strong sell” rating to a “hold” rating in a research note on Monday, October 23rd. Oppenheimer reissued a “hold” rating on shares of Synchrony Financial in a research note on Tuesday, October 31st. Finally, Wedbush set a $41.00 target price on shares of Synchrony Financial and gave the company a “hold” rating in a research note on Monday, December 11th. Eleven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $38.30.

Shares of Synchrony Financial (SYF) traded up $0.17 during trading hours on Monday, hitting $38.77. 4,260,000 shares of the stock were exchanged, compared to its average volume of 7,033,916. The firm has a market cap of $30,340.00, a price-to-earnings ratio of 14.74, a P/E/G ratio of 1.95 and a beta of 1.06. Synchrony Financial has a 12 month low of $26.01 and a 12 month high of $38.97. 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 (NYSE:SYF) last issued its quarterly 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 company had revenue of $3.88 billion during the quarter, compared to analyst estimates of $3.78 billion. Synchrony Financial had a net margin of 13.17% and a return on equity of 14.84%. During the same period in the prior year, the business posted $0.73 EPS. equities analysts forecast that Synchrony Financial will post 2.58 earnings per share for the current fiscal year.

In related news, insider David P. Melito sold 2,580 shares of the stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $35.00, for a total transaction of $90,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Olympia J. Snowe bought 3,000 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The shares were acquired at an average cost of $33.40 per share, with a total value of $100,200.00. Following the completion of the purchase, the director now owns 10,608 shares of the company’s stock, valued at $354,307.20. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 6,961 shares of company stock valued at $244,508. Company 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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