UBS Group Issues Positive Forecast for Synchrony Financial (NYSE:SYF) Stock Price

Synchrony Financial (NYSE:SYF) had its price target raised by research analysts at UBS Group from $58.00 to $66.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. UBS Group’s price target would suggest a potential upside of 3.30% from the stock’s previous close.

Several other research analysts have also recently weighed in on SYF. JMP Securities reiterated a “market outperform” rating and set a $60.00 price target on shares of Synchrony Financial in a research report on Monday, October 14th. JPMorgan Chase & Co. upgraded Synchrony Financial from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $59.00 to $72.00 in a research report on Monday, December 9th. Robert W. Baird set a $62.00 price objective on Synchrony Financial in a research report on Thursday, October 17th. BTIG Research cut Synchrony Financial from a “buy” rating to a “neutral” rating in a research report on Monday, September 16th. Finally, Jefferies Financial Group boosted their price objective on Synchrony Financial from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Seven equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $65.45.

Synchrony Financial Stock Performance

Shares of Synchrony Financial stock traded up $0.12 on Monday, reaching $63.89. 542,032 shares of the stock were exchanged, compared to its average volume of 2,282,474. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.06. Synchrony Financial has a twelve month low of $35.29 and a twelve month high of $69.39. The firm has a market capitalization of $24.88 billion, a price-to-earnings ratio of 8.34, a PEG ratio of 0.82 and a beta of 1.64. The business has a 50 day moving average price of $65.72 and a two-hundred day moving average price of $55.38.

Synchrony Financial (NYSE:SYF) last released its earnings results on Wednesday, October 16th. The financial services provider reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.17. Synchrony Financial had a return on equity of 16.64% and a net margin of 13.98%. The firm had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter in the previous year, the company posted $1.48 earnings per share. The company’s revenue was up 9.8% compared to the same quarter last year. Analysts anticipate that Synchrony Financial will post 6.51 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Synchrony Financial news, insider Jonathan S. Mothner sold 34,163 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $64.99, for a total transaction of $2,220,253.37. Following the sale, the insider now owns 127,587 shares in the company, valued at $8,291,879.13. This represents a 21.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Curtis Howse sold 21,934 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $55.13, for a total value of $1,209,221.42. Following the sale, the insider now owns 99,743 shares in the company, valued at approximately $5,498,831.59. This trade represents a 18.03 % decrease in their position. The disclosure for this sale can be found here. 0.33% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Synchrony Financial

Large investors have recently bought and sold shares of the stock. Larson Financial Group LLC increased its holdings in Synchrony Financial by 92.7% during the 3rd quarter. Larson Financial Group LLC now owns 607 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 292 shares during the period. Altshuler Shaham Ltd purchased a new position in shares of Synchrony Financial in the 2nd quarter valued at about $31,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Synchrony Financial in the 2nd quarter valued at about $39,000. Quarry LP increased its holdings in shares of Synchrony Financial by 301.3% in the 3rd quarter. Quarry LP now owns 899 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 675 shares during the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in shares of Synchrony Financial in the 3rd quarter valued at about $50,000. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Synchrony Financial Company Profile

Synchrony Financial, together with its subsidiaries, operates as a consumer financial services company in the United States. It provides credit products, such as credit cards, commercial credit products, and consumer installment loans. The company also offers private label credit cards, dual co-brand and general purpose credit cards, short- and long-term installment loans, and consumer banking products; and deposit products, including certificates of deposit, individual retirement accounts, money market accounts, and savings accounts, and sweep and affinity deposits, as well as accepts deposits through third-party securities brokerage firms.