Synchrony Financial (NYSE:SYF) Stock Price Target Cut by JPMorgan Chase & Co.

Synchrony Financial (NYSE:SYF) had its target price dropped by investment analysts at JPMorgan Chase & Co. from $78.00 to $74.00 in a note issued to investors on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 0.52% from the company’s previous close.

Several other research analysts have also commented on the company. BMO Capital Markets initiated coverage on Synchrony Financial in a research report on Friday, October 9th. They issued a “market perform” rating and a $81.00 price objective on the stock. Wolfe Research increased their price objective on shares of Synchrony Financial from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Tuesday, August 25th. Wells Fargo & Company dropped their price objective on shares of Synchrony Financial from $95.00 to $88.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. HSBC lifted their price objective on shares of Synchrony Financial from $93.00 to $97.00 and gave the company a “buy” rating in a research note on Monday, July 13th. Finally, UBS Group reduced their target price on shares of Synchrony Financial from $87.00 to $81.00 and set a “neutral” rating on the stock in a research report on Monday, October 5th. Nine research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $87.25.

Synchrony Financial Stock Performance

Synchrony Financial stock opened at $73.62 on Monday. The stock has a 50-day moving average price of $76.30 and a 200 day moving average price of $74.40. Synchrony Financial has a 52 week low of $63.08 and a 52 week high of $88.77. The stock has a market cap of $23.95 billion, a PE ratio of 7.44, a P/E/G ratio of 0.63 and a beta of 1.35. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.08.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $2.59 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.45. The company had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.72 billion. Synchrony Financial had a return on equity of 23.09% and a net margin of 15.44%. During the same period in the previous year, the firm posted $2.50 EPS. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. Equities research analysts predict that Synchrony Financial will post 9.40 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Synchrony Financial

Several hedge funds and other institutional investors have recently modified their holdings of the company. Signal Advisors Wealth LLC grew its position in Synchrony Financial by 26.9% in the 3rd quarter. Signal Advisors Wealth LLC now owns 36,326 shares of the financial services provider’s stock worth $2,578,000 after purchasing an additional 7,697 shares during the last quarter. NorthCrest Asset Manangement LLC raised its holdings in shares of Synchrony Financial by 71.3% during the third quarter. NorthCrest Asset Manangement LLC now owns 10,500 shares of the financial services provider’s stock valued at $774,000 after buying an additional 4,372 shares during the last quarter. GK Wealth Management LLC bought a new stake in shares of Synchrony Financial during the third quarter valued at approximately $31,000. Riversedge Advisors LLC raised its holdings in shares of Synchrony Financial by 3.8% during the third quarter. Riversedge Advisors LLC now owns 5,022 shares of the financial services provider’s stock valued at $356,000 after buying an additional 184 shares during the last quarter. Finally, Wedmont Private Capital boosted its position in shares of Synchrony Financial by 4.6% during the third quarter. Wedmont Private Capital now owns 10,689 shares of the financial services provider’s stock worth $788,000 after buying an additional 467 shares during the period. Institutional investors and hedge funds own 96.48% of the company’s stock.

About Synchrony Financial

Synchrony Financial (NYSE: SYF) is a consumer financial services company that provides credit products and related services through partnerships with retailers, manufacturers, healthcare providers and other businesses. The company is best known for private-label credit cards and dual-use credit cards that allow consumers to finance purchases with participating brands.

Synchrony’s offerings also include promotional financing, installment loans and other consumer payment solutions. Its products support spending across areas such as retail, home improvement, consumer electronics, healthcare, automotive and lifestyle purchases.