2 weeks Ago By ABMN Staff
Synchrony Financial ( NYSE:SYF – Get Free Report ) had its target price lowered by equities research analysts at Evercore ISI from $64.00 to $56.00 in a research report issued on Wednesday, Benzinga reports.
The brokerage currently has an “outperform” rating on the financial services provider’s stock. Evercore ISI’s price objective indicates a potential upside of 7.84% from the stock’s previous close.
Several other equities analysts have also recently issued reports on SYF. Barclays raised shares of Synchrony Financial from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $59.00 to $79.
00 in a research note on Monday, January 6th. StockNews.com cut Synchrony Financial from a “buy” rating to a “hold” rating in a report on Monday, March 24th.
Compass Point lowered Synchrony Financial from a “buy” rating to a “neutral” rating and set a $70.00 price objective for the company. in a research note on Tuesday, January 28th.
JPMorgan Chase & Co. cut their target price on Synchrony Financial from $76.00 to $50.
00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Finally, Truist Financial dropped their price target on Synchrony Financial from $77.00 to $65.
00 and set a “hold” rating on the stock in a research note on Friday, March 21st. Eight investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.
com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $64.37. Get Our Latest Report on Synchrony Financial Synchrony Financial Stock Performance Synchrony Financial ( NYSE:SYF – Get Free Report ) last announced its quarterly earnings data on Tuesday, April 22nd.
The financial services provider reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.
26. The business had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.
80 billion. Synchrony Financial had a return on equity of 18.30% and a net margin of 15.
36%. Research analysts predict that Synchrony Financial will post 7.67 EPS for the current fiscal year.
Hedge Funds Weigh In On Synchrony Financial A number of hedge funds have recently added to or reduced their stakes in SYF. Geode Capital Management LLC grew its position in Synchrony Financial by 2.1% in the fourth quarter.
Geode Capital Management LLC now owns 9,963,573 shares of the financial services provider’s stock worth $650,678,000 after acquiring an additional 205,641 shares in the last quarter. Allianz Asset Management GmbH boosted its holdings in Synchrony Financial by 7.4% in the fourth quarter.
Allianz Asset Management GmbH now owns 5,509,314 shares of the financial services provider’s stock worth $358,105,000 after purchasing an additional 380,870 shares in the last quarter. Norges Bank acquired a new position in Synchrony Financial during the fourth quarter worth $347,903,000. Northern Trust Corp raised its holdings in Synchrony Financial by 26.
7% during the fourth quarter. Northern Trust Corp now owns 5,183,717 shares of the financial services provider’s stock valued at $336,942,000 after buying an additional 1,093,922 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Synchrony Financial by 9.
1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,576,854 shares of the financial services provider’s stock worth $297,496,000 after buying an additional 382,194 shares during the last quarter. Institutional investors and hedge funds own 96.
48% of the company’s stock. About Synchrony Financial ( Get Free Report ) 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. Featured Stories Receive News & Ratings for Synchrony Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synchrony Financial and related companies with MarketBeat.com's FREE daily email newsletter .
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