Synchrony Financial (NYSE:SYF) Stock Rating Lowered by StockNews.com

Synchrony Financial (NYSE:SYF) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Monday.

Other equities research analysts have also recently issued research reports about the company. HSBC began coverage on Synchrony Financial in a research note on Friday, October 13th. They issued a “hold” rating and a $32.00 price objective for the company. Barclays began coverage on Synchrony Financial in a research note on Wednesday, November 15th. They issued an “equal weight” rating and a $31.00 price objective for the company. TD Cowen began coverage on Synchrony Financial in a research note on Wednesday, November 1st. They issued an “outperform” rating and a $34.00 price objective for the company. The Goldman Sachs Group reduced their price objective on Synchrony Financial from $40.00 to $37.00 in a research note on Monday, October 2nd. Finally, JMP Securities reduced their price objective on Synchrony Financial from $38.00 to $35.00 and set a “market outperform” rating for the company in a research note on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Synchrony Financial presently has an average rating of “Hold” and an average price target of $35.76.

Synchrony Financial Trading Down 0.2 %

Shares of SYF traded down $0.06 during mid-day trading on Monday, reaching $29.82. 3,285,004 shares of the company were exchanged, compared to its average volume of 5,027,375. Synchrony Financial has a 52 week low of $26.59 and a 52 week high of $37.99. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.23 and a current ratio of 1.23. The stock has a market capitalization of $12.34 billion, a PE ratio of 5.51, a PEG ratio of 1.27 and a beta of 1.61. The business has a 50 day simple moving average of $29.88 and a two-hundred day simple moving average of $31.66.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.05. The company had revenue of $5.45 billion during the quarter, compared to the consensus estimate of $4.29 billion. Synchrony Financial had a return on equity of 18.82% and a net margin of 11.79%. During the same period last year, the company earned $1.47 earnings per share. On average, analysts predict that Synchrony Financial will post 5.14 earnings per share for the current fiscal year.

Institutional Trading of Synchrony Financial

A number of hedge funds have recently bought and sold shares of SYF. Kistler Tiffany Companies LLC bought a new stake in shares of Synchrony Financial in the second quarter valued at $27,000. Salem Investment Counselors Inc. raised its stake in shares of Synchrony Financial by 181.2% in the second quarter. Salem Investment Counselors Inc. now owns 824 shares of the financial services provider’s stock valued at $28,000 after buying an additional 531 shares during the period. Live Oak Investment Partners bought a new stake in shares of Synchrony Financial in the fourth quarter valued at $27,000. Allworth Financial LP raised its stake in shares of Synchrony Financial by 158.9% in the second quarter. Allworth Financial LP now owns 945 shares of the financial services provider’s stock valued at $32,000 after buying an additional 580 shares during the period. Finally, Covestor Ltd raised its stake in shares of Synchrony Financial by 138.8% in the first quarter. Covestor Ltd now owns 1,108 shares of the financial services provider’s stock valued at $39,000 after buying an additional 644 shares during the period. 94.72% of the stock is currently owned by institutional investors.

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 cards, 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 to retail and commercial customers, as well as accepts deposits through third-party securities brokerage firms.