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

Synchrony Financial (NYSE:SYF – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-two analysts that are covering the firm, Marketbeat reports. Seven analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $69.30.

Several analysts have issued reports on SYF shares. UBS Group increased their price objective on shares of Synchrony Financial from $58.00 to $66.00 and gave the company a “neutral” rating in a research report on Monday, January 13th. Keefe, Bruyette & Woods increased 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. JPMorgan Chase & Co. raised shares of Synchrony Financial from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $59.00 to $72.00 in a research report on Monday, December 9th. Barclays raised shares of Synchrony Financial from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $59.00 to $79.00 in a research report on Monday, January 6th. Finally, 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 report on Thursday, December 19th.

View Our Latest Stock Analysis on Synchrony Financial

Institutional Investors Weigh In On Synchrony Financial

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A number of hedge funds have recently added to or reduced their stakes in the stock. Park Square Financial Group LLC bought a new stake in Synchrony Financial in the fourth quarter valued at $90,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Synchrony Financial during the fourth quarter valued at about $25,643,000. B. Riley Wealth Advisors Inc. raised its stake in shares of Synchrony Financial by 3.2% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 15,194 shares of the financial services provider’s stock valued at $988,000 after purchasing an additional 475 shares in the last quarter. Integrated Advisors Network LLC raised its stake in shares of Synchrony Financial by 3.3% during the fourth quarter. Integrated Advisors Network LLC now owns 10,823 shares of the financial services provider’s stock valued at $704,000 after purchasing an additional 347 shares in the last quarter. Finally, Ascent Group LLC raised its stake in shares of Synchrony Financial by 12.5% during the fourth quarter. Ascent Group LLC now owns 12,606 shares of the financial services provider’s stock valued at $819,000 after purchasing an additional 1,396 shares in the last quarter. 96.48% of the stock is currently owned by institutional investors.

Synchrony Financial Trading Up 2.3 %

NYSE SYF opened at $60.64 on Thursday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.24 and a current ratio of 1.24. Synchrony Financial has a one year low of $39.67 and a one year high of $70.93. The company’s 50 day moving average price is $65.96 and its 200 day moving average price is $59.67. The firm has a market capitalization of $23.57 billion, a price-to-earnings ratio of 7.10, a PEG ratio of 0.71 and a beta of 1.63.

Synchrony Financial (NYSE:SYF – Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share (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, sell-side analysts predict that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend was Monday, February 3rd. Synchrony Financial’s payout ratio is 11.71%.

About Synchrony Financial

(Get Free Report

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.