Synchrony Financial (NYSE:SYF) Stock Rated “Market Perform” in New Coverage at BMO Capital Markets

Equities researchers at BMO Capital Markets assumed coverage on shares of Synchrony Financial (NYSE:SYF) in a report issued on Friday, Benzinga reports. The brokerage set a “market perform” rating and a $81.00 price target on the financial services provider’s stock. BMO Capital Markets’ price objective points to a potential upside of 9.91% from the stock’s previous close.

SYF has been the subject of a number of other reports. Wolfe Research raised their price target on shares of Synchrony Financial from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 25th. UBS Group decreased their target price on shares of Synchrony Financial from $87.00 to $81.00 and set a “neutral” rating for the company in a research note on Monday. Weiss Ratings restated a “buy (b-)” rating on shares of Synchrony Financial in a research report on Friday, July 17th. TD Cowen lowered their target price on shares of Synchrony Financial from $90.00 to $86.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, JPMorgan Chase & Co. cut their price target on Synchrony Financial from $81.00 to $78.00 and set a “neutral” rating for the company in a research note on Monday, July 13th. Nine investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, Synchrony Financial presently has an average rating of “Moderate Buy” and a consensus target price of $87.80.

Synchrony Financial Stock Up 2.5%

Shares of SYF stock opened at $73.70 on Friday. The stock’s 50-day simple moving average is $76.56 and its 200-day simple moving average is $74.27. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a market capitalization of $23.98 billion, a PE ratio of 7.55, a P/E/G ratio of 0.62 and a beta of 1.35. Synchrony Financial has a fifty-two week low of $63.08 and a fifty-two week high of $88.77.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $2.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $0.45. Synchrony Financial had a return on equity of 23.09% and a net margin of 15.44%.The firm had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.72 billion. During the same period last year, the business posted $2.50 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. Equities analysts expect that Synchrony Financial will post 9.4 earnings per share for the current year.

Institutional Trading of Synchrony Financial

Several large investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its holdings in shares of Synchrony Financial by 7.0% in the third quarter. GAMMA Investing LLC now owns 20,306 shares of the financial services provider’s stock valued at $1,441,000 after purchasing an additional 1,325 shares during the period. CoreCap Advisors LLC raised its position in Synchrony Financial by 54.8% in the third quarter. CoreCap Advisors LLC now owns 780 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 276 shares during the period. Artemis Investment Management LLP raised its holdings in shares of Synchrony Financial by 27.1% in the 3rd quarter. Artemis Investment Management LLP now owns 512,567 shares of the financial services provider’s stock valued at $36,377,000 after buying an additional 109,331 shares during the period. Elevation Wealth Partners LLC increased its stake in Synchrony Financial by 58.4% during the third quarter. Elevation Wealth Partners LLC now owns 1,098 shares of the financial services provider’s stock worth $78,000 after purchasing an additional 405 shares during the period. Finally, Greenfield Savings Bank lifted its holdings in Synchrony Financial by 3.3% during the 3rd quarter. Greenfield Savings Bank now owns 8,203 shares of the financial services provider’s stock worth $582,000 after buying an additional 261 shares in the last quarter. 96.48% of the stock is currently owned by hedge funds and other institutional investors.

Synchrony Financial Company Profile

Synchrony Financial (NYSE: SYF) is a consumer financial services company that provides credit products and related services through partnerships with retailers, manufacturers, healthcare providers and other businesses. The company is best known for private-label credit cards and dual-use credit cards that allow consumers to finance purchases with participating brands.

Synchrony’s offerings also include promotional financing, installment loans and other consumer payment solutions. Its products support spending across areas such as retail, home improvement, consumer electronics, healthcare, automotive and lifestyle purchases.