Synchrony Financial (NYSE:SYF) Price Target Cut to $58.00 by Analysts at Evercore ISI

Synchrony Financial (NYSE:SYF) had its price objective decreased by equities research analysts at Evercore ISI from $59.00 to $58.00 in a report released on Monday, Benzinga reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Evercore ISI’s price objective would suggest a potential upside of 13.30% from the company’s current price.

Several other research analysts have also issued reports on SYF. Bank of America raised shares of Synchrony Financial from a “neutral” rating to a “buy” rating and set a $54.00 target price on the stock in a research note on Friday, August 9th. Wells Fargo & Company increased their price objective on shares of Synchrony Financial from $49.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 18th. Compass Point assumed coverage on Synchrony Financial in a research note on Tuesday, July 16th. They issued a “buy” rating and a $56.00 target price for the company. The Goldman Sachs Group upped their price target on Synchrony Financial from $49.00 to $56.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Finally, JMP Securities increased their price target on Synchrony Financial from $49.00 to $60.00 and gave the stock a “market outperform” rating in a report on Tuesday, July 16th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Synchrony Financial presently has a consensus rating of “Moderate Buy” and an average target price of $51.43.

Synchrony Financial Stock Down 0.7 %

Shares of NYSE:SYF opened at $51.19 on Monday. Synchrony Financial has a 1 year low of $27.30 and a 1 year high of $52.67. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.23 and a quick ratio of 1.23. The business’s 50-day moving average is $48.14 and its 200-day moving average is $45.92. The company has a market capitalization of $20.56 billion, a price-to-earnings ratio of 7.34, a P/E/G ratio of 1.16 and a beta of 1.61.

Synchrony Financial (NYSE:SYF) last issued its earnings results on Wednesday, July 17th. The financial services provider reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.20. The business had revenue of $5.58 billion during the quarter, compared to the consensus estimate of $4.44 billion. Synchrony Financial had a return on equity of 16.06% and a net margin of 13.52%. During the same period in the previous year, the company posted $1.32 earnings per share. Equities research analysts predict that Synchrony Financial will post 5.79 earnings per share for the current year.

Insider Buying and Selling at Synchrony Financial

In related news, insider Brian J. Sr. Wenzel sold 74,698 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $46.73, for a total transaction of $3,490,637.54. Following the sale, the insider now directly owns 76,251 shares in the company, valued at approximately $3,563,209.23. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Synchrony Financial news, insider Bart Schaller sold 930 shares of Synchrony Financial stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $50.84, for a total transaction of $47,281.20. Following the completion of the transaction, the insider now owns 49,390 shares of the company’s stock, valued at $2,510,987.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Brian J. Sr. Wenzel sold 74,698 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $46.73, for a total value of $3,490,637.54. Following the sale, the insider now owns 76,251 shares in the company, valued at approximately $3,563,209.23. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.33% of the stock is owned by corporate insiders.

Institutional Trading of Synchrony Financial

Several institutional investors and hedge funds have recently bought and sold shares of the company. Quent Capital LLC increased its stake in shares of Synchrony Financial by 15.4% in the first quarter. Quent Capital LLC now owns 1,604 shares of the financial services provider’s stock worth $69,000 after buying an additional 214 shares during the period. Wedmont Private Capital grew its holdings in Synchrony Financial by 3.3% in the 3rd quarter. Wedmont Private Capital now owns 7,508 shares of the financial services provider’s stock worth $387,000 after acquiring an additional 242 shares during the last quarter. 1832 Asset Management L.P. increased its position in shares of Synchrony Financial by 0.5% in the second quarter. 1832 Asset Management L.P. now owns 52,242 shares of the financial services provider’s stock valued at $2,465,000 after acquiring an additional 251 shares during the period. Gulf International Bank UK Ltd raised its stake in shares of Synchrony Financial by 0.7% during the first quarter. Gulf International Bank UK Ltd now owns 35,223 shares of the financial services provider’s stock valued at $1,518,000 after acquiring an additional 262 shares during the last quarter. Finally, Certuity LLC raised its stake in shares of Synchrony Financial by 0.8% during the second quarter. Certuity LLC now owns 31,326 shares of the financial services provider’s stock valued at $1,478,000 after acquiring an additional 264 shares during the last quarter. 96.48% of the stock is currently owned by hedge funds and other institutional investors.

Synchrony Financial Company Profile

Synchrony Financial, together with its subsidiaries, operates as a consumer financial services company in the United States. It provides credit products, such as credit cards, commercial credit products, and consumer installment loans. The company also offers private label credit cards, dual co-brand and general purpose credit cards, short- and long-term installment loans, and consumer banking products; and deposit products, including certificates of deposit, individual retirement accounts, money market accounts, and savings accounts, and sweep and affinity deposits, as well as accepts deposits through third-party securities brokerage firms.