Compass Point Issues Positive Forecast for Synchrony Financial (NYSE:SYF) Stock Price

Synchrony Financial (NYSE:SYF) had its price target raised by stock analysts at Compass Point from $60.00 to $77.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the financial services provider’s stock. Compass Point’s price objective indicates a potential upside of 14.18% from the company’s current price.

SYF has been the topic of a number of other research reports. TD Cowen upped their price objective on Synchrony Financial from $60.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Keefe, Bruyette & Woods boosted their target price on Synchrony Financial from $62.00 to $82.00 and gave the stock an “outperform” rating in a report on Monday. Robert W. Baird set a $62.00 target price on Synchrony Financial in a report on Thursday, October 17th. Royal Bank of Canada boosted their target price on Synchrony Financial from $55.00 to $62.00 and gave the stock a “sector perform” rating in a report on Thursday, October 17th. Finally, Evercore ISI boosted their target price on Synchrony Financial from $58.00 to $65.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $61.53.

Synchrony Financial Stock Down 0.7 %

Shares of NYSE:SYF traded down $0.49 during trading on Tuesday, hitting $67.44. 438,534 shares of the company’s stock traded hands, compared to its average volume of 3,925,217. Synchrony Financial has a 52 week low of $35.12 and a 52 week high of $69.39. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.06. The company has a market cap of $26.26 billion, a price-to-earnings ratio of 8.80, a price-to-earnings-growth ratio of 0.94 and a beta of 1.63. The company has a 50-day moving average price of $59.78 and a 200-day moving average price of $51.55.

Synchrony Financial (NYSE:SYF) last released its earnings results on Wednesday, October 16th. The financial services provider reported $1.94 EPS for the quarter, beating the consensus estimate of $1.77 by $0.17. The firm had revenue of $3.81 billion for the quarter, compared to analysts’ expectations of $3.76 billion. Synchrony Financial had a return on equity of 16.64% and a net margin of 13.98%. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.48 EPS. As a group, research analysts forecast that Synchrony Financial will post 6.53 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Jonathan S. Mothner sold 34,163 shares of Synchrony Financial stock in a transaction on Friday, November 15th. The stock was sold at an average price of $64.99, for a total value of $2,220,253.37. Following the completion of the transaction, the insider now directly owns 127,587 shares in the company, valued at approximately $8,291,879.13. The trade was a 21.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Curtis Howse sold 21,934 shares of Synchrony Financial stock in a transaction on Friday, November 1st. The shares were sold at an average price of $55.13, for a total value of $1,209,221.42. Following the completion of the transaction, the insider now owns 99,743 shares of the company’s stock, valued at approximately $5,498,831.59. This trade represents a 18.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Synchrony Financial

A number of institutional investors have recently added to or reduced their stakes in SYF. Franklin Resources Inc. boosted its position in shares of Synchrony Financial by 23.3% during the 3rd quarter. Franklin Resources Inc. now owns 1,078,596 shares of the financial services provider’s stock valued at $57,910,000 after acquiring an additional 203,663 shares during the last quarter. Synovus Financial Corp boosted its position in shares of Synchrony Financial by 18.6% during the 3rd quarter. Synovus Financial Corp now owns 9,459 shares of the financial services provider’s stock valued at $472,000 after acquiring an additional 1,482 shares during the last quarter. Tidal Investments LLC boosted its position in shares of Synchrony Financial by 88.3% during the 3rd quarter. Tidal Investments LLC now owns 66,361 shares of the financial services provider’s stock valued at $3,310,000 after acquiring an additional 31,124 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Synchrony Financial during the 3rd quarter valued at about $217,000. Finally, World Investment Advisors LLC bought a new stake in shares of Synchrony Financial during the 3rd quarter valued at about $205,000. 96.48% of the stock is currently owned by institutional investors.

Synchrony Financial Company Profile

Synchrony Financial, together with its subsidiaries, operates as a consumer financial services company in the United States. It provides credit products, such as credit cards, commercial credit products, and consumer installment loans. The company also offers private label credit cards, dual co-brand and general purpose credit cards, short- and long-term installment loans, and consumer banking products; and deposit products, including certificates of deposit, individual retirement accounts, money market accounts, and savings accounts, and sweep and affinity deposits, as well as accepts deposits through third-party securities brokerage firms.