Synchrony Financial (NYSE:SYF – Get Free Report) had its price objective decreased by stock analysts at The Goldman Sachs Group from $82.00 to $70.00 in a report released on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the financial services provider’s stock. The Goldman Sachs Group’s target price suggests a potential upside of 32.14% from the stock’s current price.
Other analysts have also issued research reports about the company. Barclays raised Synchrony Financial from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $59.00 to $79.00 in a research note on Monday, January 6th. Morgan Stanley raised shares of Synchrony Financial from an “underweight” rating to an “overweight” rating and raised their price target for the stock from $40.00 to $82.00 in a research note on Thursday, December 19th. Keefe, Bruyette & Woods boosted their price objective on shares of Synchrony Financial from $62.00 to $82.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Wells Fargo & Company upgraded shares of Synchrony Financial from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $60.00 to $85.00 in a research report on Tuesday, December 3rd. Finally, Compass Point downgraded Synchrony Financial from a “buy” rating to a “neutral” rating and set a $70.00 price target for the company. in a report on Tuesday, January 28th. Six equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Synchrony Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.70.
View Our Latest Stock Analysis on SYF
Synchrony Financial Price Performance
Synchrony Financial (NYSE:SYF – Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.91 EPS for the quarter, beating the consensus estimate of $1.89 by $0.02. Synchrony Financial had a net margin of 15.36% and a return on equity of 18.30%. On average, equities research analysts expect that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the company. 111 Capital purchased a new stake in Synchrony Financial during the 4th quarter worth $1,271,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of Synchrony Financial by 220.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 64,145 shares of the financial services provider’s stock valued at $4,169,000 after acquiring an additional 44,150 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ purchased a new stake in shares of Synchrony Financial during the fourth quarter worth about $371,000. Centaurus Financial Inc. lifted its stake in shares of Synchrony Financial by 3.4% in the fourth quarter. Centaurus Financial Inc. now owns 10,420 shares of the financial services provider’s stock worth $677,000 after acquiring an additional 342 shares in the last quarter. Finally, Park Square Financial Group LLC purchased a new position in Synchrony Financial in the fourth quarter valued at about $90,000. 96.48% of the stock is owned by institutional investors and hedge funds.
About Synchrony Financial
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.
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