Synchrony Financial (SYF) Given Coverage Optimism Score of 0.17
News coverage about Synchrony Financial (NYSE:SYF) has trended somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Synchrony Financial earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 45.0676364840123 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- Synchrony Financial Awards Program Helps Small Businesses Improve Customer Experiences and Strengthen … – Business Wire (press release) (businesswire.com)
- Synchrony Financial Awards Program Helps Small Businesses Improve Customer Experiences and Strengthen Communities (finance.yahoo.com)
- Strong Earnings Are in the Cards: Synchrony Back on the Buy List (finance.yahoo.com)
- What to Expect From General Electric Company in 2018 (fool.com)
- Synchrony Financial (NYSE:SYF) – Investor’s Alert (PEG in Focus) – Nasdaq Journal (press release) (nasdaqjournal.com)
Shares of Synchrony Financial (NYSE SYF) traded up $0.22 during trading hours on Wednesday, reaching $39.66. The company’s stock had a trading volume of 7,533,105 shares, compared to its average volume of 5,023,915. The company has a market capitalization of $31,040.00, a price-to-earnings ratio of 15.08, a P/E/G ratio of 1.62 and a beta of 1.06. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.38. Synchrony Financial has a 1-year low of $26.01 and a 1-year high of $40.03.
Synchrony Financial (NYSE:SYF) last announced its quarterly earnings results on Friday, October 20th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.06. The business had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.78 billion. Synchrony Financial had a return on equity of 14.84% and a net margin of 13.17%. During the same quarter in the prior year, the company earned $0.73 earnings per share. equities research analysts expect that Synchrony Financial will post 2.57 earnings per share for the current year.
SYF has been the subject of several recent research reports. Bank of America raised Synchrony Financial from a “neutral” rating to a “buy” rating in a research note on Monday, December 18th. BTIG Research restated a “buy” rating and set a $44.00 target price on shares of Synchrony Financial in a research report on Sunday, December 17th. JMP Securities upped their target price on Synchrony Financial from $35.00 to $37.00 and gave the company a “market outperform” rating in a research report on Monday, October 23rd. Wells Fargo & Co upped their target price on Synchrony Financial from $33.00 to $35.00 and gave the company a “market perform” rating in a research report on Monday, October 23rd. Finally, Barclays set a $53.00 target price on Synchrony Financial and gave the company a “buy” rating in a research report on Tuesday, December 12th. Ten research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $38.30.
In other Synchrony Financial news, insider Jonathan S. Mothner sold 1,000 shares of the stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $33.50, for a total value of $33,500.00. Following the transaction, the insider now owns 113,578 shares in the company, valued at $3,804,863. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Jonathan S. Mothner sold 1,500 shares of the stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $32.82, for a total value of $49,230.00. Following the completion of the transaction, the insider now owns 113,934 shares in the company, valued at approximately $3,739,313.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,961 shares of company stock worth $244,508. Corporate insiders own 0.03% of the company’s stock.
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About Synchrony Financial
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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