Synchrony Financial (SYF) Reaches New 1-Year Low on Analyst Downgrade

Synchrony Financial (NYSE:SYF)’s share price reached a new 52-week low on Friday after ValuEngine downgraded the stock from a sell rating to a strong sell rating. The company traded as low as $26.13 and last traded at $26.23, with a volume of 13213814 shares. The stock had previously closed at $29.44.

Other equities analysts have also recently issued reports about the company. Zacks Investment Research upgraded Synchrony Financial from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a report on Monday, October 8th. Compass Point restated a “buy” rating and set a $39.00 target price on shares of Synchrony Financial in a report on Monday, July 30th. Barclays cut Synchrony Financial from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $53.00 to $32.00 in a report on Monday, July 30th. Oppenheimer restated a “hold” rating on shares of Synchrony Financial in a report on Monday, October 22nd. Finally, Stephens restated a “hold” rating and set a $32.00 target price on shares of Synchrony Financial in a report on Friday, July 27th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $37.44.

A number of institutional investors have recently made changes to their positions in the stock. Virginia Retirement Systems ET AL acquired a new stake in Synchrony Financial in the 3rd quarter valued at about $4,581,000. Oldfield Partners LLP acquired a new stake in Synchrony Financial in the 3rd quarter valued at about $4,326,000. WINTON GROUP Ltd acquired a new stake in Synchrony Financial in the 3rd quarter valued at about $4,423,000. American Century Companies Inc. raised its position in Synchrony Financial by 20.7% in the 3rd quarter. American Century Companies Inc. now owns 3,005,939 shares of the financial services provider’s stock valued at $93,425,000 after purchasing an additional 515,094 shares in the last quarter. Finally, Bank of The West raised its position in Synchrony Financial by 5.9% in the 3rd quarter. Bank of The West now owns 245,657 shares of the financial services provider’s stock valued at $7,635,000 after purchasing an additional 13,662 shares in the last quarter. Institutional investors own 84.96% of the company’s stock.

The company has a debt-to-equity ratio of 1.70, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a market cap of $20.66 billion, a PE ratio of 10.09, a PEG ratio of 0.80 and a beta of 1.06.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings results on Friday, October 19th. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. The company had revenue of $4.21 billion for the quarter, compared to analyst estimates of $4.18 billion. Synchrony Financial had a return on equity of 17.90% and a net margin of 13.70%. During the same quarter last year, the company earned $0.70 EPS. On average, research analysts predict that Synchrony Financial will post 3.48 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Monday, November 5th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date of this dividend is Friday, November 2nd. Synchrony Financial’s dividend payout ratio is currently 32.06%.

Synchrony Financial Company Profile (NYSE:SYF)

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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