Synchrony Financial (NYSE:SYF) Stock Has Consensus Target Price of $87.25

Synchrony Financial (NYSE:SYF) has been given a consensus recommendation of “Moderate Buy” by the nineteen brokerages that are covering the stock, MarketBeat.com reports. Nine research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $87.83.

A number of research analysts recently commented on the company. JPMorgan Chase & Co. upped their target price 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 reduced their target price on Synchrony Financial from $87.00 to $81.00 and set a “neutral” rating for the company in a research report on Monday, October 5th. Morgan Stanley decreased their price target on shares of Synchrony Financial from $84.00 to $83.00 and set an “equal weight” rating on the stock in a research note on Monday, October 12th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Synchrony Financial in a report on Tuesday, October 20th. Finally, HSBC boosted their price target on shares of Synchrony Financial from $93.00 to $97.00 and gave the company a “buy” rating in a report on Monday, July 13th.

Synchrony Financial Trading Up 1.7%

Shares of SYF opened at $74.86 on Tuesday. 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 $24.36 billion, a price-to-earnings ratio of 7.81, a P/E/G ratio of 0.84 and a beta of 1.35. The stock’s 50-day moving average price is $75.45 and its 200 day moving average price is $73.90.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings data 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 company had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.81 billion. Synchrony Financial had a return on equity of 22.26% and a net margin of 14.59%. During the same quarter last year, the company earned $2.86 EPS. As a group, research analysts predict that Synchrony Financial will post 9.62 earnings per share for the current year.

Synchrony Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Thursday, November 5th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Thursday, November 5th. Synchrony Financial’s payout ratio is 14.20%.

Institutional Trading of Synchrony Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE bought a new stake in shares of Synchrony Financial in the 2nd quarter valued at approximately $1,122,961,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Synchrony Financial in the 2nd quarter worth approximately $22,798,000. Raiffeisen Bank International AG raised its holdings in shares of Synchrony Financial by 7,984.0% in the 2nd quarter. Raiffeisen Bank International AG now owns 23,282 shares of the financial services provider’s stock worth $1,825,000 after buying an additional 22,994 shares in the last quarter. Basswood Capital Management L.L.C. acquired a new position in shares of Synchrony Financial in the 2nd quarter worth approximately $45,734,000. Finally, Assenagon Asset Management S.A. lifted its position in shares of Synchrony Financial by 959.4% during the 1st quarter. Assenagon Asset Management S.A. now owns 545,880 shares of the financial services provider’s stock worth $37,131,000 after buying an additional 494,354 shares during the period. Institutional investors own 96.48% of the company’s stock.

About Synchrony Financial

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.