Synchrony Financial (SYF) Upgraded by ValuEngine to Sell

ValuEngine upgraded shares of Synchrony Financial (NYSE:SYF) from a strong sell rating to a sell rating in a research note issued to investors on Friday.

Other analysts have also issued research reports about the company. BMO Capital Markets upped their target price on Synchrony Financial from $37.00 to $40.00 and gave the stock an outperform rating in a research note on Monday, October 22nd. Morgan Stanley cut their target price on Synchrony Financial from $35.00 to $32.00 and set an equal weight rating for the company in a research note on Monday, November 5th. Zacks Investment Research raised Synchrony Financial from a hold rating to a buy rating and set a $35.00 target price for the company in a research note on Monday, October 8th. Citigroup cut their target price on Synchrony Financial from $37.00 to $32.00 and set a neutral rating for the company in a research note on Thursday, November 1st. Finally, TheStreet lowered Synchrony Financial from a b- rating to a c+ rating in a research note on Monday, November 19th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $37.06.

SYF traded up $0.22 during midday trading on Friday, hitting $25.36. The stock had a trading volume of 9,078,490 shares, compared to its average volume of 5,369,971. The firm has a market cap of $18.07 billion, a P/E ratio of 9.68, a P/E/G ratio of 0.68 and a beta of 1.02. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.40 and a quick ratio of 1.40. Synchrony Financial has a 1 year low of $24.51 and a 1 year high of $40.59.

Synchrony Financial (NYSE:SYF) last issued its earnings results on Friday, October 19th. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.11. The business had revenue of $4.21 billion during the quarter, compared to analyst estimates of $4.18 billion. Synchrony Financial had a return on equity of 17.90% and a net margin of 13.70%. During the same quarter in the prior year, the firm earned $0.70 earnings per share. On average, equities analysts anticipate that Synchrony Financial will post 3.54 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Monday, November 5th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date was Friday, November 2nd. Synchrony Financial’s dividend payout ratio (DPR) is presently 32.06%.

Several large investors have recently added to or reduced their stakes in the company. FMR LLC raised its holdings in shares of Synchrony Financial by 15.4% during the second quarter. FMR LLC now owns 49,783,436 shares of the financial services provider’s stock valued at $1,661,772,000 after acquiring an additional 6,646,131 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Synchrony Financial by 94.6% during the third quarter. The Manufacturers Life Insurance Company now owns 7,548,840 shares of the financial services provider’s stock valued at $234,618,000 after acquiring an additional 3,669,660 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Synchrony Financial by 17.7% during the second quarter. Janus Henderson Group PLC now owns 17,289,316 shares of the financial services provider’s stock valued at $577,116,000 after acquiring an additional 2,595,449 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Synchrony Financial by 138.2% during the second quarter. American Century Companies Inc. now owns 2,490,845 shares of the financial services provider’s stock valued at $83,144,000 after acquiring an additional 1,445,244 shares in the last quarter. Finally, Glenmede Trust Co. NA raised its holdings in shares of Synchrony Financial by 157.3% during the third quarter. Glenmede Trust Co. NA now owns 2,021,473 shares of the financial services provider’s stock valued at $62,827,000 after acquiring an additional 1,235,889 shares in the last quarter. 84.31% of the stock is owned by hedge funds and other institutional investors.

About Synchrony Financial

Synchrony Financial operates as a consumer financial services company in the United States. The company offers private label credit cards, dual cards, general purpose co-branded credit cards, and small and medium-sized business credit products; and promotional financing for consumer purchases, such as private label credit cards and installment loans.

Featured Article: What is Liquidity?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Synchrony Financial (NYSE:SYF)

Receive News & Ratings for Synchrony Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synchrony Financial and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit