Synchrony Financial (NYSE:SYF) Stock Price Target Cut by UBS Group

Synchrony Financial (NYSE:SYF) had its price target decreased by equities research analysts at UBS Group from $81.00 to $80.00 in a report issued on Monday, Benzinga reports. The firm currently has a “neutral” rating on the financial services provider’s stock. UBS Group‘s price objective indicates a potential upside of 4.19% from the company’s current price.

Other analysts also recently issued research reports about the company. TD Cowen decreased their price target on Synchrony Financial from $90.00 to $86.00 and set a “buy” rating for the company in a research note on Tuesday, October 6th. Evercore lowered Synchrony Financial from an “outperform” rating to a “hold” rating and set a $78.00 target price for the company. in a report on Wednesday, October 21st. JPMorgan Chase & Co. upped their target price on Synchrony Financial from $74.00 to $77.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 21st. Weiss Ratings upgraded Synchrony Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Finally, Morgan Stanley lowered their price target on Synchrony Financial from $84.00 to $83.00 and set an “equal weight” rating on the stock in a report on Monday, October 12th. Ten investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $87.78.

Synchrony Financial Stock Up 1.9%

Shares of Synchrony Financial stock traded up $1.44 during midday trading on Monday, reaching $76.78. 5,659,309 shares of the company’s stock traded hands, compared to its average volume of 3,896,219. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.23 and a current ratio of 1.23. Synchrony Financial has a 52 week low of $63.08 and a 52 week high of $88.77. The company’s 50 day simple moving average is $75.03 and its 200 day simple moving average is $73.64. The company has a market cap of $23.91 billion, a price-to-earnings ratio of 8.02, a price-to-earnings-growth ratio of 0.93 and a beta of 1.35.

Synchrony Financial (NYSE:SYF) last posted its earnings results on Tuesday, October 20th. The financial services provider reported $2.68 EPS for the quarter, topping the consensus estimate of $2.42 by $0.26. Synchrony Financial had a net margin of 14.59% and a return on equity of 22.26%. The firm had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.81 billion. During the same period in the prior year, the business posted $2.86 earnings per share. Equities analysts expect that Synchrony Financial will post 9.60 earnings per share for the current fiscal year.

Institutional Trading of Synchrony Financial

Several hedge funds have recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC grew its holdings in Synchrony Financial by 0.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 21,881 shares of the financial services provider’s stock valued at $1,553,000 after buying an additional 147 shares during the last quarter. TFB Advisors LLC lifted its holdings in shares of Synchrony Financial by 11.0% during the third quarter. TFB Advisors LLC now owns 14,619 shares of the financial services provider’s stock worth $1,038,000 after buying an additional 1,451 shares during the last quarter. Chicago Partners Investment Group LLC boosted its position in shares of Synchrony Financial by 29.6% in the third quarter. Chicago Partners Investment Group LLC now owns 22,863 shares of the financial services provider’s stock valued at $1,684,000 after acquiring an additional 5,221 shares during the period. Covestor Ltd boosted its position in shares of Synchrony Financial by 15.0% in the third quarter. Covestor Ltd now owns 1,651 shares of the financial services provider’s stock valued at $117,000 after acquiring an additional 215 shares during the period. Finally, Rakuten Investment Management Inc. grew its stake in shares of Synchrony Financial by 6.2% in the third quarter. Rakuten Investment Management Inc. now owns 59,116 shares of the financial services provider’s stock worth $4,240,000 after acquiring an additional 3,453 shares during the last quarter. Institutional investors own 96.48% of the company’s stock.

Synchrony Financial Company Profile

Synchrony Financial (NYSE: SYF) is a consumer financial services company that provides private-label credit cards, co-branded credit cards and promotional financing programs. Its financing products are offered through retailers, manufacturers, healthcare providers and other businesses, helping consumers pay for purchases over time.

The company serves a range of industries, including digital commerce, home improvement, furniture, automotive, healthcare, jewelry, apparel, electronics and specialty retail.