ValuEngine Downgrades Synchrony Financial (SYF) to Strong Sell

Synchrony Financial (NYSE:SYF) was downgraded by ValuEngine from a “sell” rating to a “strong sell” rating in a report issued on Friday.

Several other equities analysts have also commented on SYF. BMO Capital Markets decreased their price objective on shares of Synchrony Financial from $51.00 to $37.00 and set an “outperform” rating on the stock in a report on Monday, July 30th. Oppenheimer restated a “hold” rating on shares of Synchrony Financial in a report on Monday, August 6th. Stephens lowered shares of Synchrony Financial from an “equal weight” rating to a “sell” rating and set a $26.00 price objective on the stock. in a report on Friday. Compass Point restated a “buy” rating and issued a $39.00 price objective on shares of Synchrony Financial in a report on Monday, July 30th. Finally, Edward Jones lowered shares of Synchrony Financial from a “buy” rating to a “hold” rating in a report on Friday, July 27th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $37.44.

Shares of SYF stock traded down $3.01 during trading hours on Friday, hitting $26.43. The company had a trading volume of 18,848,317 shares, compared to its average volume of 5,920,391. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.40 and a current ratio of 1.40. Synchrony Financial has a fifty-two week low of $26.13 and a fifty-two week high of $40.59. The firm has a market cap of $20.66 billion, a P/E ratio of 10.09, a P/E/G ratio of 0.80 and a beta of 1.06.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings data on Friday, October 19th. The financial services provider reported $0.91 EPS for the quarter, topping the consensus estimate of $0.80 by $0.11. Synchrony Financial had a net margin of 13.70% and a return on equity of 17.90%. The firm had revenue of $4.21 billion for the quarter, compared to analyst estimates of $4.18 billion. During the same period in the prior year, the business posted $0.70 EPS. As a group, research analysts predict that Synchrony Financial will post 3.48 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in SYF. Brown Advisory Inc. lifted its holdings in Synchrony Financial by 152.1% during the 1st quarter. Brown Advisory Inc. now owns 22,761 shares of the financial services provider’s stock worth $764,000 after buying an additional 13,734 shares in the last quarter. IFM Investors Pty Ltd lifted its holdings in Synchrony Financial by 38.7% during the 2nd quarter. IFM Investors Pty Ltd now owns 33,817 shares of the financial services provider’s stock worth $1,129,000 after buying an additional 9,439 shares in the last quarter. Moon Capital Management LLC lifted its holdings in Synchrony Financial by 8.0% during the 2nd quarter. Moon Capital Management LLC now owns 121,773 shares of the financial services provider’s stock worth $4,065,000 after buying an additional 9,035 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in Synchrony Financial by 15.2% during the 2nd quarter. State of Alaska Department of Revenue now owns 102,756 shares of the financial services provider’s stock worth $3,429,000 after buying an additional 13,575 shares in the last quarter. Finally, Trust Co lifted its holdings in Synchrony Financial by 13.1% during the 1st quarter. Trust Co now owns 17,631 shares of the financial services provider’s stock worth $591,000 after buying an additional 2,038 shares in the last quarter. Institutional investors own 84.96% of the company’s stock.

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.

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

Analyst Recommendations for Synchrony Financial (NYSE:SYF)

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