Synchrony Financial (SYF) Upgraded by ValuEngine to Sell

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ValuEngine upgraded shares of Synchrony Financial (NYSE:SYF) from a strong sell rating to a sell rating in a research note issued to investors on Friday morning.

Other equities research analysts have also recently issued reports about the company. Zacks Investment Research raised Synchrony Financial from a hold rating to a buy rating and set a $35.00 price objective on the stock in a research report on Monday, October 8th. TheStreet cut Synchrony Financial from a b- rating to a c+ rating in a research report on Monday, November 19th. Morgan Stanley dropped their price objective on Synchrony Financial from $35.00 to $32.00 and set an equal weight rating on the stock in a research report on Monday, November 5th. Oppenheimer reaffirmed a hold rating on shares of Synchrony Financial in a research report on Thursday, November 1st. Finally, Citigroup dropped their price objective on Synchrony Financial from $37.00 to $32.00 and set a neutral rating on the stock in a research report on Thursday, November 1st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $37.06.

Shares of NYSE SYF traded up $0.22 during trading on Friday, reaching $25.36. The company had a trading volume of 9,078,490 shares, compared to its average volume of 5,369,971. Synchrony Financial has a 12-month low of $24.51 and a 12-month high of $40.59. The stock has a market cap of $18.07 billion, a P/E ratio of 9.68, a P/E/G ratio of 0.68 and a beta of 1.02. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.70.

Synchrony Financial (NYSE:SYF) last released its earnings results on Friday, October 19th. The financial services provider reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. Synchrony Financial had a return on equity of 17.90% and a net margin of 13.70%. The firm had revenue of $4.21 billion for the quarter, compared to analysts’ expectations of $4.18 billion. During the same period in the prior year, the firm posted $0.70 earnings per share. As a group, analysts forecast that Synchrony Financial will post 3.54 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Monday, November 5th were given a $0.21 dividend. The ex-dividend date of this dividend was Friday, November 2nd. This represents a $0.84 annualized dividend and a yield of 3.31%. Synchrony Financial’s payout ratio is 32.06%.

A number of large investors have recently made changes to their positions in SYF. Eqis Capital Management Inc. purchased a new position in Synchrony Financial in the second quarter worth about $306,000. Dupont Capital Management Corp boosted its position in Synchrony Financial by 39.0% in the second quarter. Dupont Capital Management Corp now owns 7,140 shares of the financial services provider’s stock worth $238,000 after purchasing an additional 2,005 shares during the last quarter. Aperio Group LLC boosted its position in Synchrony Financial by 10.2% in the second quarter. Aperio Group LLC now owns 250,608 shares of the financial services provider’s stock worth $8,365,000 after purchasing an additional 23,253 shares during the last quarter. TD Asset Management Inc. boosted its position in Synchrony Financial by 0.9% in the second quarter. TD Asset Management Inc. now owns 237,869 shares of the financial services provider’s stock worth $7,940,000 after purchasing an additional 2,095 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in Synchrony Financial by 13.1% in the second quarter. Commonwealth Equity Services LLC now owns 85,343 shares of the financial services provider’s stock worth $2,849,000 after purchasing an additional 9,881 shares during the last quarter. 84.31% of the stock is currently owned by institutional investors and hedge funds.

Synchrony Financial Company Profile

Synchrony Financial operates as a consumer financial services company in the United States. The company offers private label credit cards, dual cards, general purpose co-branded credit cards, and small and medium-sized business credit products; and promotional financing for consumer purchases, such as private label credit cards and installment loans.

Read More: Cost of Debt

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Synchrony Financial (NYSE:SYF)

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