Analysts Set Synchrony Financial (NYSE:SYF) Price Target at $65.11

Synchrony Financial (NYSE:SYF) has received a consensus rating of “Moderate Buy” from the twenty research firms that are currently covering the firm, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $65.11.

Several equities analysts recently weighed in on SYF shares. UBS Group increased their target price on Synchrony Financial from $58.00 to $66.00 and gave the stock a “neutral” rating in a research report on Monday, January 13th. Bank of America increased their price objective on shares of Synchrony Financial from $82.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Truist Financial lowered their target price on shares of Synchrony Financial from $77.00 to $65.00 and set a “hold” rating for the company in a report on Friday, March 21st. Barclays raised shares of Synchrony Financial from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $59.00 to $79.00 in a research note on Monday, January 6th. Finally, Wells Fargo & Company lowered their price objective on shares of Synchrony Financial from $85.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, April 3rd.

Hedge Funds Weigh In On Synchrony Financial

Several institutional investors have recently made changes to their positions in the stock. Wolf Group Capital Advisors acquired a new stake in Synchrony Financial in the first quarter worth $1,176,000. Clarius Group LLC acquired a new stake in shares of Synchrony Financial in the 1st quarter worth about $242,000. QRG Capital Management Inc. lifted its position in Synchrony Financial by 37.7% in the 1st quarter. QRG Capital Management Inc. now owns 427,757 shares of the financial services provider’s stock valued at $22,645,000 after purchasing an additional 117,093 shares during the last quarter. Sagespring Wealth Partners LLC lifted its position in Synchrony Financial by 13.1% in the 1st quarter. Sagespring Wealth Partners LLC now owns 4,379 shares of the financial services provider’s stock valued at $232,000 after purchasing an additional 507 shares during the last quarter. Finally, Sowell Financial Services LLC acquired a new position in Synchrony Financial during the 1st quarter valued at about $636,000. 96.48% of the stock is owned by institutional investors.

Synchrony Financial Price Performance

Synchrony Financial stock opened at $47.86 on Friday. The firm’s 50-day moving average is $54.25 and its two-hundred day moving average is $60.41. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.24 and a quick ratio of 1.24. The stock has a market capitalization of $18.61 billion, a P/E ratio of 5.60, a P/E/G ratio of 0.71 and a beta of 1.45. Synchrony Financial has a 12-month low of $40.55 and a 12-month high of $70.93.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share for the quarter, beating 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%. Equities analysts predict that Synchrony Financial will post 7.67 earnings per share for the current year.

Synchrony Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 2.09%. Synchrony Financial’s dividend payout ratio is currently 11.71%.

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.