Synchrony Financial (NYSE:SYF) Receives $65.11 Consensus Price Target from Brokerages

Shares of Synchrony Financial (NYSE:SYF) have been given an average rating of “Moderate Buy” by the twenty ratings firms that are covering the company, Marketbeat reports. Seven analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $65.11.

A number of equities research analysts have weighed in on the stock. Morgan Stanley reissued an “equal weight” rating and issued a $44.00 price target (down from $82.00) on shares of Synchrony Financial in a report on Monday, April 7th. The Goldman Sachs Group reduced their target price on shares of Synchrony Financial from $82.00 to $70.00 and set a “buy” rating for the company in a report on Tuesday, March 18th. UBS Group lifted their price target on shares of Synchrony Financial from $58.00 to $66.00 and gave the stock a “neutral” rating in a research report on Monday, January 13th. Royal Bank of Canada boosted their target price on Synchrony Financial from $70.00 to $73.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 29th. Finally, Wells Fargo & Company reduced their target price on Synchrony Financial from $85.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, April 3rd.

Synchrony Financial Price Performance

NYSE SYF opened at $47.86 on Friday. The firm has a market capitalization of $18.61 billion, a PE ratio of 5.60, a P/E/G ratio of 0.71 and a beta of 1.45. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.24 and a quick ratio of 1.24. Synchrony Financial has a 12 month low of $40.55 and a 12 month high of $70.93. The company’s 50 day simple moving average is $54.25 and its 200 day simple moving average is $60.41.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.02. Synchrony Financial had a return on equity of 18.30% and a net margin of 15.36%. As a group, equities research analysts forecast that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend was Monday, February 3rd. Synchrony Financial’s dividend payout ratio is currently 11.71%.

Hedge Funds Weigh In On Synchrony Financial

Several large investors have recently bought and sold shares of SYF. Bogart Wealth LLC acquired a new stake in Synchrony Financial during the fourth quarter worth about $26,000. TCTC Holdings LLC acquired a new stake in shares of Synchrony Financial during the 4th quarter worth approximately $27,000. Y.D. More Investments Ltd raised its stake in shares of Synchrony Financial by 111.5% in the fourth quarter. Y.D. More Investments Ltd now owns 480 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 253 shares in the last quarter. CVA Family Office LLC raised its stake in shares of Synchrony Financial by 355.9% in the first quarter. CVA Family Office LLC now owns 693 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 541 shares in the last quarter. Finally, Accredited Wealth Management LLC bought a new position in Synchrony Financial in the fourth quarter worth $38,000. 96.48% of the stock is currently 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.