Shares of Synchrony Financial (NYSE:SYF) have been given a consensus recommendation of “Buy” by the eighteen research firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $37.73.
SYF has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Synchrony Financial from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a research note on Friday, February 8th. CIBC upgraded shares of Synchrony Financial from a “market perform” rating to an “outperform” rating and set a $43.00 price target for the company in a research note on Thursday, January 24th. Stephens lowered shares of Synchrony Financial from an “equal weight” rating to a “sell” rating and set a $26.00 price objective for the company. in a research note on Friday, November 2nd. Oppenheimer reiterated a “hold” rating on shares of Synchrony Financial in a research note on Thursday, November 1st. Finally, TheStreet lowered shares of Synchrony Financial from a “b-” rating to a “c+” rating in a research note on Monday, November 19th.
In other Synchrony Financial news, insider David P. Melito sold 3,204 shares of the business’s stock in a transaction on Thursday, January 24th. The shares were sold at an average price of $30.00, for a total value of $96,120.00. Following the completion of the sale, the insider now directly owns 40,313 shares of the company’s stock, valued at $1,209,390. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David P. Melito sold 3,934 shares of the business’s stock in a transaction on Thursday, January 31st. The stock was sold at an average price of $30.00, for a total transaction of $118,020.00. Following the completion of the sale, the insider now directly owns 29,486 shares of the company’s stock, valued at $884,580. The disclosure for this sale can be found here. Insiders own 0.07% of the company’s stock.
Synchrony Financial stock opened at $31.78 on Tuesday. Synchrony Financial has a 52 week low of $21.77 and a 52 week high of $38.07. The company has a current ratio of 1.41, a quick ratio of 1.40 and a debt-to-equity ratio of 1.63. The company has a market cap of $22.57 billion, a price-to-earnings ratio of 8.50, a PEG ratio of 0.81 and a beta of 1.27.
Synchrony Financial (NYSE:SYF) last posted its earnings results on Wednesday, January 23rd. The financial services provider reported $1.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.16. Synchrony Financial had a net margin of 15.45% and a return on equity of 19.41%. The firm had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.25 billion. During the same quarter last year, the firm earned $0.70 EPS. As a group, sell-side analysts expect that Synchrony Financial will post 4.38 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 14th. Shareholders of record on Monday, February 4th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend was Friday, February 1st. Synchrony Financial’s dividend payout ratio is presently 22.46%.
Synchrony Financial Company Profile
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.
Further Reading: Earnings Per Share (EPS) Explained
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