Synchrony Financial (NYSE:SYF) Price Target Raised to $90.00

Synchrony Financial (NYSE:SYF) had its target price hoisted by stock analysts at TD Cowen from $89.00 to $90.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. TD Cowen’s price target indicates a potential upside of 17.13% from the stock’s previous close.

SYF has been the subject of several other research reports. Wells Fargo & Company cut their price objective on shares of Synchrony Financial from $100.00 to $95.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Barclays boosted their price objective on Synchrony Financial from $82.00 to $93.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of Synchrony Financial in a research report on Monday, April 20th. BTIG Research lowered Synchrony Financial from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 22nd. Finally, UBS Group lifted their target price on Synchrony Financial from $77.00 to $84.00 and gave the stock a “neutral” rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, Synchrony Financial has a consensus rating of “Moderate Buy” and an average price target of $86.21.

Synchrony Financial Stock Performance

Shares of Synchrony Financial stock traded down $0.21 on Tuesday, hitting $76.83. The stock had a trading volume of 122,018 shares, compared to its average volume of 4,173,500. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.08. The business’s 50 day moving average is $73.51 and its two-hundred day moving average is $74.17. Synchrony Financial has a twelve month low of $63.08 and a twelve month high of $88.77. The stock has a market cap of $25.84 billion, a price-to-earnings ratio of 7.94, a price-to-earnings-growth ratio of 0.67 and a beta of 1.32.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.14 by $0.13. Synchrony Financial had a return on equity of 23.41% and a net margin of 15.80%.The firm had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.81 billion. During the same quarter last year, the business earned $1.89 EPS. The company’s quarterly revenue was down 7.4% compared to the same quarter last year. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. Analysts forecast that Synchrony Financial will post 9.34 EPS for the current year.

Synchrony Financial announced that its Board of Directors has approved a share buyback plan on Tuesday, April 21st that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the financial services provider to buy shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling at Synchrony Financial

In other news, insider Jonathan S. Mothner sold 51,258 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $71.23, for a total value of $3,651,107.34. Following the transaction, the insider directly owned 132,664 shares of the company’s stock, valued at $9,449,656.72. The trade was a 27.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.36% of the company’s stock.

Institutional Investors Weigh In On Synchrony Financial

A number of hedge funds have recently added to or reduced their stakes in SYF. FWL Investment Management LLC bought a new position in shares of Synchrony Financial during the 3rd quarter worth approximately $26,000. Fideuram Asset Management Ireland dac bought a new stake in shares of Synchrony Financial in the 4th quarter valued at $29,000. Advisors Asset Management Inc. bought a new stake in shares of Synchrony Financial in the 4th quarter valued at $29,000. Palisade Asset Management LLC acquired a new position in shares of Synchrony Financial during the 3rd quarter valued at $29,000. Finally, Reflection Asset Management acquired a new position in shares of Synchrony Financial during the 4th quarter valued at $31,000. 96.48% of the stock is currently owned by institutional investors.

About Synchrony Financial

Synchrony Financial (NYSE: SYF) is a consumer financial services company that specializes in providing point-of-sale financing and private-label, co-branded and branded credit card programs. The company serves as a payments and lending partner to retailers, digital merchants and service providers, offering consumer financing solutions designed to drive customer engagement and sales. Synchrony also operates a direct bank that offers deposit products, including savings accounts and certificates of deposit, which support its funding and customer-facing product suite.

Its core product set includes private-label and co-branded credit cards, general-purpose credit cards, installment loan programs and promotional financing options that are integrated into merchants’ checkout experiences.