Synchrony Financial (NYSE:SYF) has been assigned an average recommendation of “Buy” from the twenty-six brokerages that are presently covering the firm, Marketbeat reports. Twelve equities research analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $36.63.

A number of analysts have recently weighed in on the stock. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Synchrony Financial in a research note on Tuesday. Barclays PLC set a $40.00 price objective on shares of Synchrony Financial and gave the stock a “buy” rating in a research note on Monday, October 23rd. Wells Fargo & Company increased their price objective on shares of Synchrony Financial from $33.00 to $35.00 and gave the stock a “market perform” rating in a research note on Monday, October 23rd. Zacks Investment Research upgraded shares of Synchrony Financial from a “strong sell” rating to a “hold” rating in a research note on Monday, October 23rd. Finally, Morgan Stanley increased their price objective on shares of Synchrony Financial from $32.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Monday, October 23rd.

In other Synchrony Financial news, insider Jonathan S. Mothner sold 1,500 shares of the stock in a transaction on Monday, October 30th. The shares were sold at an average price of $32.82, for a total transaction of $49,230.00. Following the transaction, the insider now directly owns 113,934 shares of the company’s stock, valued at $3,739,313.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Jonathan S. Mothner sold 1,000 shares of the stock in a transaction on Friday, October 20th. The shares were sold at an average price of $33.50, for a total transaction of $33,500.00. Following the transaction, the insider now directly owns 113,578 shares in the company, valued at $3,804,863. The disclosure for this sale can be found here. Company insiders own 0.03% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of SYF. KCG Holdings Inc. lifted its holdings in Synchrony Financial by 169.4% during the first quarter. KCG Holdings Inc. now owns 15,938 shares of the financial services provider’s stock valued at $547,000 after purchasing an additional 10,021 shares in the last quarter. United Capital Financial Advisers LLC lifted its holdings in Synchrony Financial by 8.6% during the first quarter. United Capital Financial Advisers LLC now owns 6,821 shares of the financial services provider’s stock valued at $234,000 after purchasing an additional 538 shares in the last quarter. Gotham Asset Management LLC lifted its stake in shares of Synchrony Financial by 209.0% in the first quarter. Gotham Asset Management LLC now owns 31,339 shares of the financial services provider’s stock worth $1,075,000 after buying an additional 21,197 shares in the last quarter. Harbour Capital Advisors LLC purchased a new position in shares of Synchrony Financial in the first quarter worth about $1,112,000. Finally, Horizon Investment Services LLC purchased a new position in shares of Synchrony Financial in the first quarter worth about $3,823,000. 88.46% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: This report was originally reported by Watch List News and is the property of of Watch List News. If you are viewing this report on another publication, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this report can be viewed at https://www.watchlistnews.com/brokerages-set-synchrony-financial-syf-target-price-at-36-63/1678980.html.

Shares of Synchrony Financial (NYSE:SYF) traded up $0.28 during trading on Wednesday, reaching $33.11. 4,239,900 shares of the company’s stock were exchanged, compared to its average volume of 6,135,237. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.47 and a quick ratio of 1.47. Synchrony Financial has a twelve month low of $26.01 and a twelve month high of $38.06. The firm has a market cap of $25.91 billion, a price-to-earnings ratio of 12.68, a price-to-earnings-growth ratio of 1.37 and a beta of 1.02.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings data on Friday, October 20th. The financial services provider reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.06. The firm had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.78 billion. Synchrony Financial had a net margin of 13.17% and a return on equity of 14.84%. During the same quarter in the prior year, the business earned $0.73 earnings per share. equities research analysts anticipate that Synchrony Financial will post 2.6 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 16th. Shareholders of record on Monday, November 6th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.81%. The ex-dividend date is Friday, November 3rd. Synchrony Financial’s payout ratio is 22.81%.

Synchrony Financial Company Profile

Synchrony Financial is a consumer financial services company. The Company provides a range of credit products through programs it has established with a group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers. The Company’s revenue activities are managed through three sales platforms: Retail Card, Payment Solutions and CareCredit.

Analyst Recommendations for Synchrony Financial (NYSE:SYF)

Receive News & Ratings for Synchrony Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synchrony Financial and related companies with Analyst Ratings Network's FREE daily email newsletter.