2 weeks Ago By ABMN Staff
Synchrony Financial ( NYSE:SYF – Get Free Report ) had its price target dropped by investment analysts at Wells Fargo & Company from $70.00 to $65.00 in a report issued on Wednesday, Benzinga reports.
The firm presently has an “overweight” rating on the financial services provider’s stock. Wells Fargo & Company ‘s price target would suggest a potential upside of 25.17% from the stock’s current price.
Several other analysts have also commented on SYF. Morgan Stanley reissued an “equal weight” rating and issued a $44.00 price objective (down from $82.
00) on shares of Synchrony Financial in a report on Monday, April 7th. Royal Bank of Canada boosted their price target on shares of Synchrony Financial from $70.00 to $73.
00 and gave the stock a “sector perform” rating in a report on Wednesday, January 29th. Evercore ISI decreased their price objective on shares of Synchrony Financial from $64.00 to $56.
00 and set an “outperform” rating on the stock in a report on Wednesday. UBS Group boosted their target price on shares of Synchrony Financial from $58.00 to $66.
00 and gave the stock a “neutral” rating in a research note on Monday, January 13th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Synchrony Financial from $76.
00 to $50.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Eight equities research 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 company’s stock.
According to data from MarketBeat.com, Synchrony Financial has a consensus rating of “Moderate Buy” and a consensus target price of $64.37.
Check Out Our Latest Report on Synchrony Financial Synchrony Financial Price Performance Synchrony Financial ( NYSE:SYF – Get Free Report ) last released its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.
63 by $0.26. Synchrony Financial had a net margin of 15.
36% and a return on equity of 18.30%. The company had revenue of $3.
72 billion during the quarter, compared to analysts’ expectations of $3.80 billion. Equities research analysts forecast that Synchrony Financial will post 7.
67 EPS for the current year. Institutional Inflows and Outflows Several hedge funds have recently added to or reduced their stakes in SYF. Apollon Wealth Management LLC grew its holdings in shares of Synchrony Financial by 2.
3% during the 4th quarter. Apollon Wealth Management LLC now owns 7,094 shares of the financial services provider’s stock worth $461,000 after purchasing an additional 160 shares during the period. Covestor Ltd boosted its stake in Synchrony Financial by 6.
0% during the fourth quarter. Covestor Ltd now owns 3,085 shares of the financial services provider’s stock worth $200,000 after buying an additional 174 shares during the period. Gladstone Institutional Advisory LLC increased its position in shares of Synchrony Financial by 1.
9% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 9,290 shares of the financial services provider’s stock valued at $604,000 after acquiring an additional 176 shares during the last quarter. Smithfield Trust Co raised its stake in shares of Synchrony Financial by 19.
7% in the 4th quarter. Smithfield Trust Co now owns 1,099 shares of the financial services provider’s stock valued at $69,000 after acquiring an additional 181 shares during the period. Finally, Wedmont Private Capital lifted its holdings in shares of Synchrony Financial by 2.
6% in the 4th quarter. Wedmont Private Capital now owns 7,700 shares of the financial services provider’s stock worth $491,000 after acquiring an additional 192 shares during the last quarter. 96.
48% of the stock is currently owned by hedge funds and other institutional investors. Synchrony Financial Company Profile ( 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. Read More 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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