Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Synchrony Financial (SYF) Share Price
News headlines about Synchrony Financial (NYSE:SYF) have trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. Accern rates the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Synchrony Financial earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 45.5802214245687 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news stories that may have effected Accern’s rankings:
- Here's Why Your Bank Account Interest Rate Won't Go Up Even If the Fed Raises Rates (finance.yahoo.com)
- Synchrony Financial Expected to Post FY2017 Earnings of $2.57 Per Share (SYF) (americanbankingnews.com)
- Dom & Tom Welcomes Howard Rissin as the New Director of Project Management (prweb.com)
- Wedbush Analysts Give Synchrony Financial (SYF) a $41.00 Price Target (americanbankingnews.com)
- Lending startup Affirm valued at $1.8 billion in latest financing round (in.reuters.com)
SYF has been the topic of a number of research reports. JMP Securities increased their target price on shares of Synchrony Financial from $35.00 to $37.00 and gave the stock a “market outperform” rating in a report 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 report on Monday, October 23rd. Bank of America cut shares of Synchrony Financial from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $35.00 to $33.00 in a report on Friday, October 6th. Morgan Stanley cut shares of Synchrony Financial from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $35.00 to $32.00 in a report on Friday, September 8th. Finally, Zacks Investment Research cut shares of Synchrony Financial from a “hold” rating to a “sell” rating in a report on Monday, September 25th. Twelve research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $37.88.
Shares of Synchrony Financial (NYSE SYF) traded down $0.23 on Wednesday, reaching $37.36. 7,197,800 shares of the company were exchanged, compared to its average volume of 7,058,747. The company has a market cap of $29,417.62, a price-to-earnings ratio of 14.35, a PEG ratio of 1.89 and a beta of 1.06. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 1.38. Synchrony Financial has a 12-month low of $26.01 and a 12-month high of $38.06.
Synchrony Financial (NYSE:SYF) last announced its earnings results on Friday, October 20th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.06. The firm had revenue of $3.88 billion during 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 firm posted $0.73 EPS. research analysts anticipate that Synchrony Financial will post 2.59 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Monday, November 6th were given a $0.15 dividend. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $0.60 dividend on an annualized basis and a yield of 1.61%. Synchrony Financial’s dividend payout ratio is presently 22.90%.
In other news, insider David P. Melito sold 1,881 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $38.00, for a total transaction of $71,478.00. Following the completion of the transaction, the insider now owns 43,140 shares in the company, valued at approximately $1,639,320. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Jonathan S. Mothner sold 1,500 shares of the firm’s stock in a transaction dated 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 owns 113,934 shares of the company’s stock, valued at approximately $3,739,313.88. The disclosure for this sale can be found here. Insiders sold a total of 6,961 shares of company stock valued at $244,508 in the last quarter. 0.03% of the stock is currently owned by insiders.
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.
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