Synchrony Financial (SYF) Stock Rating Reaffirmed by Jefferies Group LLC

Synchrony Financial (NYSE:SYF)‘s stock had its “buy” rating reissued by Jefferies Group LLC in a report issued on Thursday. They currently have a $40.00 price target on the financial services provider’s stock. Jefferies Group LLC’s price target would indicate a potential upside of 37.93% from the stock’s current price.

SYF has been the subject of a number of other reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $35.00 target price (up from $33.00) on shares of Synchrony Financial in a report on Tuesday, July 25th. TheStreet raised shares of Synchrony Financial from a “c” rating to a “b” rating in a report on Monday, July 31st. BTIG Research reaffirmed a “buy” rating and issued a $36.00 target price on shares of Synchrony Financial in a report on Wednesday, May 24th. ValuEngine raised shares of Synchrony Financial from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. Finally, Zacks Investment Research raised shares of Synchrony Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 28th. Ten equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $37.42.

Shares of Synchrony Financial (NYSE SYF) opened at 29.00 on Thursday. Synchrony Financial has a 1-year low of $26.01 and a 1-year high of $38.06. The stock has a market capitalization of $23.06 billion, a price-to-earnings ratio of 10.89 and a beta of 1.01. The firm’s 50-day moving average price is $29.92 and its 200 day moving average price is $30.47.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings data on Friday, July 21st. The financial services provider reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.03. Synchrony Financial had a net margin of 13.84% and a return on equity of 15.30%. The firm had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter last year, the firm earned $0.58 earnings per share. Equities research analysts expect that Synchrony Financial will post $2.60 earnings per share for the current fiscal year.

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In other news, Director Paget Leonard Alves bought 2,000 shares of the firm’s stock in a transaction that occurred on Monday, July 24th. The shares were purchased at an average price of $30.85 per share, for a total transaction of $61,700.00. Following the completion of the transaction, the director now owns 8,521 shares in the company, valued at $262,872.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.03% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bbva Compass Bancshares Inc. boosted its position in Synchrony Financial by 0.3% during the second quarter. Bbva Compass Bancshares Inc. now owns 32,000 shares of the financial services provider’s stock worth $954,000 after acquiring an additional 94 shares during the last quarter. ING Groep NV boosted its position in Synchrony Financial by 0.4% during the second quarter. ING Groep NV now owns 39,434 shares of the financial services provider’s stock worth $1,176,000 after acquiring an additional 140 shares during the last quarter. Patten Group Inc. boosted its position in Synchrony Financial by 2.0% during the first quarter. Patten Group Inc. now owns 8,435 shares of the financial services provider’s stock worth $280,000 after acquiring an additional 165 shares during the last quarter. Federated Investors Inc. PA boosted its position in Synchrony Financial by 0.6% during the second quarter. Federated Investors Inc. PA now owns 26,333 shares of the financial services provider’s stock worth $786,000 after acquiring an additional 166 shares during the last quarter. Finally, Argent Trust Co boosted its position in Synchrony Financial by 2.5% during the first quarter. Argent Trust Co now owns 11,902 shares of the financial services provider’s stock worth $408,000 after acquiring an additional 285 shares during the last quarter. Hedge funds and other institutional investors own 87.05% of the company’s stock.

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)

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