Synchrony Financial (SYF) Earns Coverage Optimism Score of 0.20

Media coverage about Synchrony Financial (NYSE:SYF) has been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public 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 0.20 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 47.0192954573016 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the news articles that may have effected Accern’s analysis:

Shares of Synchrony Financial (NYSE SYF) opened at $36.01 on Wednesday. The firm has a market cap of $27,922.92, a P/E ratio of 13.83, a price-to-earnings-growth ratio of 1.40 and a beta of 1.01. Synchrony Financial has a 1-year low of $26.01 and a 1-year high of $40.59. The company has a current ratio of 1.45, a quick ratio of 1.47 and a debt-to-equity ratio of 1.46.

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

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Monday, February 5th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.67%. Synchrony Financial’s payout ratio is presently 24.90%.

A number of research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Synchrony Financial from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research report on Wednesday, January 31st. Oppenheimer reissued a “hold” rating on shares of Synchrony Financial in a research report on Tuesday, October 31st. Morgan Stanley raised their target price on shares of Synchrony Financial from $32.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Monday, October 23rd. Jefferies Group raised their target price on shares of Synchrony Financial to $44.00 and gave the stock a “top pick” rating in a research note on Friday, December 1st. Finally, Barclays set a $40.00 target price on shares of Synchrony Financial and gave the stock a “buy” rating in a research note on Monday, October 23rd. 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. The company currently has a consensus rating of “Buy” and a consensus target price of $38.30.

In other Synchrony Financial news, insider David P. Melito sold 2,000 shares of the company’s stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $40.00, for a total transaction of $80,000.00. Following the transaction, the insider now owns 39,259 shares in the company, valued at $1,570,360. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Olympia J. Snowe acquired 3,000 shares of the stock in a transaction on Friday, November 17th. The shares were acquired at an average price of $33.40 per share, for a total transaction of $100,200.00. Following the acquisition, the director now owns 10,608 shares of the company’s stock, valued at approximately $354,307.20. The disclosure for this purchase can be found here. Insiders have sold a total of 6,461 shares of company stock worth $241,778 in the last quarter. 0.03% of the stock is owned by corporate insiders.

COPYRIGHT VIOLATION WARNING: “Synchrony Financial (SYF) Earns Coverage Optimism Score of 0.20” was first published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this report on another domain, it was copied illegally and reposted in violation of US and international copyright laws. The correct version of this report can be accessed at https://www.dispatchtribunal.com/2018/02/14/somewhat-positive-media-coverage-somewhat-unlikely-to-affect-synchrony-financial-syf-share-price.html.

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)

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.

Leave a Reply