Synchrony Financial (NYSE:SYF) Stock Rating Lowered by StockNews.com

Synchrony Financial (NYSE:SYF) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.

Several other equities analysts have also commented on SYF. Piper Sandler upped their price target on shares of Synchrony Financial from $43.00 to $44.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 25th. Bank of America lowered their price target on shares of Synchrony Financial from $38.00 to $35.00 in a research report on Thursday, October 5th. JPMorgan Chase & Co. lowered their price target on shares of Synchrony Financial from $38.00 to $33.00 and set a “neutral” rating for the company in a research report on Tuesday, October 17th. Citigroup lowered their price target on shares of Synchrony Financial from $43.00 to $40.00 and set a “buy” rating for the company in a research report on Friday, October 6th. Finally, Barclays initiated coverage on shares of Synchrony Financial in a report on Wednesday, November 15th. They issued an “equal weight” rating and a $31.00 price objective for the company. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $35.76.

Synchrony Financial Stock Performance

SYF stock traded down $0.06 during trading on Monday, hitting $29.82. 3,285,004 shares of the company’s stock traded hands, compared to its average volume of 5,027,375. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.17. Synchrony Financial has a 52 week low of $26.59 and a 52 week high of $37.99. The stock has a fifty day moving average price of $29.88 and a two-hundred day moving average price of $31.66. The stock has a market capitalization of $12.34 billion, a price-to-earnings ratio of 5.51, a price-to-earnings-growth ratio of 1.27 and a beta of 1.61.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $1.48 EPS for the quarter, topping the consensus estimate of $1.43 by $0.05. The business had revenue of $5.45 billion during the quarter, compared to analyst estimates of $4.29 billion. Synchrony Financial had a net margin of 11.79% and a return on equity of 18.82%. During the same quarter in the prior year, the firm earned $1.47 earnings per share. As a group, equities analysts anticipate that Synchrony Financial will post 5.14 EPS for the current fiscal year.

Institutional Trading of Synchrony Financial

A number of hedge funds have recently bought and sold shares of the company. BlackRock Inc. lifted its stake in Synchrony Financial by 0.5% during the second quarter. BlackRock Inc. now owns 41,325,067 shares of the financial services provider’s stock valued at $1,401,746,000 after buying an additional 209,520 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Synchrony Financial by 6.3% during the first quarter. Goldman Sachs Group Inc. now owns 8,123,671 shares of the financial services provider’s stock valued at $282,786,000 after buying an additional 484,220 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of Synchrony Financial by 14.9% in the 1st quarter. First Trust Advisors LP now owns 6,791,030 shares of the financial services provider’s stock valued at $197,483,000 after purchasing an additional 879,797 shares during the period. Invesco Ltd. lifted its position in shares of Synchrony Financial by 16.0% in the third quarter. Invesco Ltd. now owns 5,468,996 shares of the financial services provider’s stock worth $167,187,000 after purchasing an additional 755,856 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Synchrony Financial by 3.7% in the third quarter. Northern Trust Corp now owns 4,973,509 shares of the financial services provider’s stock worth $152,040,000 after purchasing an additional 178,344 shares in the last quarter. 94.72% of the stock is owned by hedge funds and other 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 cards, 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 to retail and commercial customers, as well as accepts deposits through third-party securities brokerage firms.