Analysts Set Synchrony Financial (NYSE:SYF) Price Target at $69.30

Shares of Synchrony Financial (NYSE:SYF) have been assigned a consensus rating of “Moderate Buy” from the twenty-two analysts that are covering the company, Marketbeat reports. Seven research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $69.30.

A number of equities analysts have recently commented on SYF shares. Compass Point downgraded shares of Synchrony Financial from a “buy” rating to a “neutral” rating and set a $70.00 target price on the stock. in a research note on Tuesday, January 28th. Royal Bank of Canada increased their price target on Synchrony Financial from $70.00 to $73.00 and gave the company a “sector perform” rating in a report on Wednesday, January 29th. Bank of America boosted their price objective on Synchrony Financial from $82.00 to $85.00 and gave the stock a “buy” rating in a research note on Tuesday, January 28th. The Goldman Sachs Group upped their target price on Synchrony Financial from $72.50 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company upgraded Synchrony Financial from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $60.00 to $85.00 in a report on Tuesday, December 3rd.

Institutional Trading of Synchrony Financial

Several institutional investors and hedge funds have recently bought and sold shares of SYF. Creative Planning raised its position in shares of Synchrony Financial by 1.0% during the 3rd quarter. Creative Planning now owns 30,064 shares of the financial services provider’s stock valued at $1,500,000 after acquiring an additional 308 shares in the last quarter. Private Advisor Group LLC bought a new position in shares of Synchrony Financial in the 3rd quarter worth about $276,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Synchrony Financial by 34.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 46,120 shares of the financial services provider’s stock valued at $2,175,000 after buying an additional 11,723 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of Synchrony Financial by 1.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 19,995 shares of the financial services provider’s stock valued at $997,000 after buying an additional 227 shares during the last quarter. Finally, Integrated Advisors Network LLC raised its stake in Synchrony Financial by 5.4% during the third quarter. Integrated Advisors Network LLC now owns 10,476 shares of the financial services provider’s stock worth $523,000 after acquiring an additional 534 shares during the period. Institutional investors and hedge funds own 96.48% of the company’s stock.

Synchrony Financial Stock Performance

Synchrony Financial stock opened at $57.98 on Thursday. The company has a market cap of $22.54 billion, a price-to-earnings ratio of 6.79, a price-to-earnings-growth ratio of 0.71 and a beta of 1.63. Synchrony Financial has a 12 month low of $39.67 and a 12 month high of $70.93. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.24 and a quick ratio of 1.24. The stock’s 50-day moving average is $65.81 and its 200-day moving average is $59.85.

Synchrony Financial (NYSE:SYF) last posted 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%. Equities analysts anticipate that Synchrony Financial will post 7.67 earnings per share for the current year.

Synchrony Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were paid a $0.25 dividend. The ex-dividend date was Monday, February 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 1.72%. Synchrony Financial’s dividend payout ratio (DPR) is 11.71%.

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.