Synchrony Financial (SYF) Upgraded to Buy at Bank of America
Several other research analysts also recently weighed in on SYF. BMO Capital Markets restated a buy rating and issued a $40.00 target price on shares of Synchrony Financial in a research note on Friday, August 25th. BidaskClub upgraded shares of Synchrony Financial from a sell rating to a hold rating in a research note on Saturday, August 26th. Morgan Stanley downgraded shares of Synchrony Financial from an overweight rating to an equal weight rating and decreased their target price for the company from $35.00 to $32.00 in a research note on Friday, September 8th. Jefferies Group restated a buy rating and issued a $40.00 target price on shares of Synchrony Financial in a research note on Thursday, September 21st. Finally, Zacks Investment Research downgraded shares of Synchrony Financial from a hold rating to a sell rating in a research note on Monday, September 25th. Eleven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $38.30.
Shares of Synchrony Financial (NYSE SYF) opened at $38.51 on Monday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.47 and a current ratio of 1.47. Synchrony Financial has a 52 week low of $26.01 and a 52 week high of $38.97. The stock has a market cap of $29,104.58, a P/E ratio of 14.19, a price-to-earnings-growth ratio of 1.88 and a beta of 1.06.
In other Synchrony Financial news, 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 sale, the insider now directly owns 113,578 shares of the company’s stock, valued at $3,804,863. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Olympia J. Snowe bought 3,000 shares of the company’s stock in a transaction on Friday, November 17th. The shares were acquired at an average cost of $33.40 per share, for a total transaction of $100,200.00. Following the completion of the acquisition, the director now directly owns 10,608 shares of the company’s stock, valued at approximately $354,307.20. The disclosure for this purchase can be found here. Insiders have sold 6,961 shares of company stock worth $244,508 over the last three months. 0.03% of the stock is owned by corporate insiders.
Large investors have recently modified their holdings of the business. Westside Investment Management Inc. raised its holdings in shares of Synchrony Financial by 32.1% during the second quarter. Westside Investment Management Inc. now owns 3,567 shares of the financial services provider’s stock worth $104,000 after purchasing an additional 867 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Synchrony Financial by 9.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,387 shares of the financial services provider’s stock worth $160,000 after acquiring an additional 486 shares during the period. Highlander Capital Management LLC increased its holdings in shares of Synchrony Financial by 83.6% in the 2nd quarter. Highlander Capital Management LLC now owns 5,492 shares of the financial services provider’s stock worth $165,000 after acquiring an additional 2,500 shares during the period. SpiderRock Advisors LLC acquired a new stake in shares of Synchrony Financial in the 3rd quarter worth about $176,000. Finally, Sun Life Financial INC increased its holdings in shares of Synchrony Financial by 40,207.1% in the 2nd quarter. Sun Life Financial INC now owns 5,643 shares of the financial services provider’s stock worth $168,000 after acquiring an additional 5,629 shares during the period. 85.47% of the stock is currently owned by institutional investors.
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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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