Barclays Reiterates $55.00 Price Target for Synchrony Financial (SYF)

Synchrony Financial (NYSE:SYF) has been given a $55.00 price objective by equities researchers at Barclays in a research report issued on Thursday, January 11th. The firm presently has a “buy” rating on the financial services provider’s stock. Barclays’ price target suggests a potential upside of 42.19% from the stock’s current price.

A number of other analysts also recently issued reports on the stock. Wells Fargo & Co raised shares of Synchrony Financial from a “market perform” rating to an “outperform” rating and set a $35.00 price target on the stock in a report on Tuesday, January 9th. Jefferies Group restated a “buy” rating and set a $44.00 price objective on shares of Synchrony Financial in a research report on Tuesday, December 26th. Bank of America upgraded shares of Synchrony Financial from a “neutral” rating to a “buy” rating in a research report on Monday, December 18th. BTIG Research restated a “buy” rating and set a $44.00 price objective on shares of Synchrony Financial in a research report on Sunday, December 17th. Finally, Wedbush set a $41.00 target price on shares of Synchrony Financial and gave the company a “hold” rating in a research report on Monday, December 11th. Nine research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $38.30.

Synchrony Financial (NYSE SYF) opened at $38.68 on Thursday. The stock has a market cap of $30,270.00, a P/E ratio of 15.98, a price-to-earnings-growth ratio of 1.53 and a beta of 1.01. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.47 and a current ratio of 1.45. Synchrony Financial has a 52 week low of $26.01 and a 52 week high of $40.59.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings data on Friday, January 19th. The financial services provider reported $0.70 EPS for the quarter, beating the consensus estimate of $0.63 by $0.07. Synchrony Financial had a net margin of 11.75% and a return on equity of 14.62%. The business had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.96 billion. During the same period in the prior year, the firm earned $0.70 EPS. equities research analysts expect that Synchrony Financial will post 3.38 earnings per share for the current fiscal year.

In other news, insider David P. Melito sold 2,580 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $35.00, for a total value of $90,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Olympia J. Snowe purchased 3,000 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The stock was purchased at an average price of $33.40 per share, with a total value of $100,200.00. Following the purchase, the director now directly owns 10,608 shares of the company’s stock, valued at $354,307.20. The disclosure for this purchase can be found here. In the last three months, insiders sold 6,461 shares of company stock valued at $241,778. Insiders own 0.03% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Berkshire Hathaway Inc. purchased a new position in Synchrony Financial in the second quarter worth approximately $520,747,000. Raymond James Financial Services Advisors Inc. raised its holdings in Synchrony Financial by 13.9% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 466,387 shares of the financial services provider’s stock worth $14,481,000 after purchasing an additional 56,959 shares in the last quarter. Janus Henderson Group PLC raised its holdings in Synchrony Financial by 1,820.5% during the second quarter. Janus Henderson Group PLC now owns 10,934,573 shares of the financial services provider’s stock worth $326,070,000 after purchasing an additional 10,365,219 shares in the last quarter. Great West Life Assurance Co. Can raised its holdings in Synchrony Financial by 1.6% during the third quarter. Great West Life Assurance Co. Can now owns 610,025 shares of the financial services provider’s stock worth $18,999,000 after purchasing an additional 9,518 shares in the last quarter. Finally, Stifel Financial Corp raised its holdings in Synchrony Financial by 531.9% during the third quarter. Stifel Financial Corp now owns 577,096 shares of the financial services provider’s stock worth $17,910,000 after purchasing an additional 485,775 shares in the last quarter. Institutional investors own 87.04% 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.

Analyst Recommendations for Synchrony Financial (NYSE:SYF)

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