Synchrony Financial (SYF) Receives New Coverage from Analysts at Citigroup

Citigroup started coverage on shares of Synchrony Financial (NYSE:SYF) in a report published on Thursday morning, MarketBeat Ratings reports. The firm issued a neutral rating and a $37.00 target price on the financial services provider’s stock.

A number of other equities analysts have also commented on the stock. 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 issued a $44.00 price target on shares of Synchrony Financial in a research report on Sunday, December 17th. Barclays set a $53.00 price target on shares of Synchrony Financial and gave the company a buy rating in a research report on Monday, January 22nd. Wells Fargo upgraded 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 research report on Tuesday, January 9th. Finally, Oppenheimer reaffirmed a hold rating on shares of Synchrony Financial in a research note on Monday, January 22nd. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $38.10.

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NYSE:SYF opened at $33.81 on Thursday. The stock has a market capitalization of $26,455.55, a price-to-earnings ratio of 12.90, a PEG ratio of 1.34 and a beta of 1.12. Synchrony Financial has a 12 month low of $26.01 and a 12 month high of $40.59. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 1.46.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings results on Friday, January 19th. The financial services provider reported $0.70 EPS for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.07. The firm had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.96 billion. Synchrony Financial had a net margin of 11.75% and a return on equity of 14.62%. During the same period in the previous year, the business earned $0.70 earnings per share. research analysts predict that Synchrony Financial will post 3.39 earnings per share for the current fiscal year.

In related news, insider Margaret M. Keane sold 13,138 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $36.70, for a total transaction of $482,164.60. Following the completion of the sale, the insider now directly owns 440,169 shares of the company’s stock, valued at $16,154,202.30. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Thomas M. Quindlen sold 10,712 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $36.73, for a total transaction of $393,451.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,149 shares of company stock valued at $1,030,771. 0.03% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of SYF. WINTON GROUP Ltd raised its stake in shares of Synchrony Financial by 14.2% during the third quarter. WINTON GROUP Ltd now owns 16,898 shares of the financial services provider’s stock worth $525,000 after buying an additional 2,099 shares during the last quarter. BB&T Securities LLC raised its stake in shares of Synchrony Financial by 150.6% during the third quarter. BB&T Securities LLC now owns 45,346 shares of the financial services provider’s stock worth $1,407,000 after buying an additional 27,253 shares during the last quarter. Stifel Financial Corp raised its stake in shares of 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 buying an additional 485,775 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its stake in shares of Synchrony Financial by 7.0% during the third quarter. Nomura Asset Management Co. Ltd. now owns 113,691 shares of the financial services provider’s stock worth $3,530,000 after buying an additional 7,460 shares during the last quarter. Finally, AMP Capital Investors Ltd raised its stake in shares of Synchrony Financial by 15.1% during the third quarter. AMP Capital Investors Ltd now owns 498,247 shares of the financial services provider’s stock worth $15,470,000 after buying an additional 65,312 shares during the last quarter. 88.66% of the stock is owned by institutional investors and hedge funds.

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Synchrony Financial Company Profile

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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