Synchrony Financial (NYSE:SYF) Given New $70.00 Price Target at The Goldman Sachs Group

Synchrony Financial (NYSE:SYF) had its price target decreased by research analysts at The Goldman Sachs Group from $82.00 to $70.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the financial services provider’s stock. The Goldman Sachs Group’s price objective suggests a potential upside of 28.53% from the company’s current price.

SYF has been the subject of several other reports. JPMorgan Chase & Co. upgraded Synchrony Financial from a “neutral” rating to an “overweight” rating and upped their target price for the company from $59.00 to $72.00 in a report on Monday, December 9th. Wells Fargo & Company raised shares of Synchrony Financial from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $60.00 to $85.00 in a report on Tuesday, December 3rd. Royal Bank of Canada lifted their target price on shares of Synchrony Financial from $70.00 to $73.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 29th. Compass Point lowered shares of Synchrony Financial from a “buy” rating to a “neutral” rating and set a $70.00 target price on the stock. in a report on Tuesday, January 28th. Finally, Truist Financial increased their price target on shares of Synchrony Financial from $72.00 to $77.00 and gave the company a “hold” rating in a research note on Thursday, January 30th. Six analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $68.70.

Synchrony Financial Stock Up 2.7 %

Shares of NYSE SYF opened at $54.46 on Tuesday. The stock has a market cap of $21.17 billion, a PE ratio of 6.38, a P/E/G ratio of 0.71 and a beta of 1.67. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.01. Synchrony Financial has a 12-month low of $39.67 and a 12-month high of $70.93. The company has a 50-day moving average of $62.85 and a 200 day moving average of $60.22.

Synchrony Financial (NYSE:SYF) last issued its earnings results on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.02. Synchrony Financial had a return on equity of 18.30% and a net margin of 15.36%. As a group, sell-side 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 and other institutional investors have recently bought and sold shares of SYF. Bogart Wealth LLC acquired a new stake in shares of Synchrony Financial during the fourth quarter worth about $26,000. TCTC Holdings LLC acquired a new stake in Synchrony Financial during the 4th quarter worth approximately $27,000. Y.D. More Investments Ltd lifted its holdings in Synchrony Financial by 111.5% during the 4th quarter. Y.D. More Investments Ltd now owns 480 shares of the financial services provider’s stock worth $31,000 after buying an additional 253 shares in the last quarter. Accredited Wealth Management LLC purchased a new position in Synchrony Financial in the 4th quarter valued at approximately $38,000. Finally, Larson Financial Group LLC grew its stake in shares of Synchrony Financial by 92.7% in the third quarter. Larson Financial Group LLC now owns 607 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 292 shares in the last quarter. 96.48% of the stock is currently owned by hedge funds and other 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 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.