Synchrony Financial (NYSE:SYF) Stock Has Consensus Price Target of $87.78 According to Analysts

Synchrony Financial (NYSE:SYF) has received an average recommendation of “Moderate Buy” from the nineteen brokerages that are currently covering the company, MarketBeat Ratings reports. Nine research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $87.78.

A number of equities analysts have recently issued reports on SYF shares. TD Cowen dropped their target price on Synchrony Financial from $90.00 to $86.00 and set a “buy” rating for the company in a report on Tuesday, October 6th. Evercore lowered Synchrony Financial from an “outperform” rating to a “hold” rating and set a $78.00 price target on the stock. in a research note on Wednesday, October 21st. JPMorgan Chase & Co. boosted their price target on Synchrony Financial from $74.00 to $77.00 and gave the company a “neutral” rating in a research note on Wednesday, October 21st. UBS Group lowered their price target on Synchrony Financial from $81.00 to $80.00 and set a “neutral” rating on the stock in a research report on Monday, November 2nd. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Synchrony Financial in a research note on Tuesday, October 20th.

Synchrony Financial Stock Performance

NYSE:SYF opened at $72.26 on Friday. Synchrony Financial has a 12-month low of $63.08 and a 12-month high of $88.77. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $22.50 billion, a PE ratio of 7.54, a price-to-earnings-growth ratio of 0.88 and a beta of 1.40. The firm has a 50-day moving average price of $73.93 and a 200 day moving average price of $73.46.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $2.68 EPS for the quarter, topping analysts’ consensus estimates of $2.42 by $0.26. The firm had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.81 billion. Synchrony Financial had a net margin of 14.59% and a return on equity of 22.26%. During the same quarter last year, the company earned $2.86 earnings per share. Research analysts anticipate that Synchrony Financial will post 9.61 earnings per share for the current fiscal year.

Synchrony Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Thursday, November 5th will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Thursday, November 5th. Synchrony Financial’s payout ratio is currently 14.20%.

Institutional Investors Weigh In On Synchrony Financial

Several large investors have recently made changes to their positions in SYF. Empowered Funds LLC increased its position in shares of Synchrony Financial by 122.7% during the 3rd quarter. Empowered Funds LLC now owns 194,599 shares of the financial services provider’s stock worth $13,811,000 after purchasing an additional 107,200 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its position in Synchrony Financial by 14.4% in the third quarter. Steward Partners Investment Advisory LLC now owns 11,053 shares of the financial services provider’s stock valued at $784,000 after buying an additional 1,391 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its position in Synchrony Financial by 6.8% in the third quarter. State Board of Administration of Florida Retirement System now owns 352,370 shares of the financial services provider’s stock valued at $25,008,000 after buying an additional 22,443 shares in the last quarter. Mosaic Family Wealth Partners LLC boosted its position in Synchrony Financial by 12.8% in the third quarter. Mosaic Family Wealth Partners LLC now owns 3,340 shares of the financial services provider’s stock valued at $237,000 after buying an additional 378 shares in the last quarter. Finally, Bleakley Financial Group LLC grew its stake in Synchrony Financial by 14.5% during the third quarter. Bleakley Financial Group LLC now owns 13,091 shares of the financial services provider’s stock worth $929,000 after buying an additional 1,657 shares during the last quarter. Institutional investors own 96.48% of the company’s stock.

Synchrony Financial Company Profile

Synchrony Financial is a consumer financial services company that provides credit products and related services through partnerships with retailers, healthcare providers and other businesses. Its offerings include private-label and co-branded credit cards, installment loans and promotional financing options. The company also provides consumer banking products, including savings accounts and certificates of deposit. Its financing solutions serve customers in areas such as retail, home improvement, automotive, health and wellness, and digital commerce, primarily in the United States.