Synchrony Financial (NYSE:SYF) Stock Rating Upgraded by BTIG Research

Synchrony Financial (NYSE:SYF) was upgraded by analysts at BTIG Research from a “neutral” rating to a “buy” rating in a report issued on Monday, MarketBeat reports. The brokerage presently has a $100.00 target price on the financial services provider’s stock. BTIG Research’s target price indicates a potential upside of 45.77% from the company’s previous close.

Several other equities analysts also recently issued reports on the company. Barclays upped their target price on Synchrony Financial from $62.00 to $81.00 and gave the company an “overweight” rating in a research report on Tuesday, July 8th. Cfra Research upgraded Synchrony Financial to a “hold” rating in a research note on Tuesday, April 22nd. The Goldman Sachs Group lifted their target price on Synchrony Financial from $70.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Morgan Stanley increased their price target on shares of Synchrony Financial from $48.00 to $70.00 and gave the stock an “equal weight” rating in a report on Thursday, July 10th. Finally, Wall Street Zen raised shares of Synchrony Financial from a “hold” rating to a “buy” rating in a research report on Tuesday, May 20th. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Synchrony Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.63.

Synchrony Financial Stock Performance

Synchrony Financial stock opened at $68.60 on Monday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market capitalization of $26.11 billion, a PE ratio of 9.41, a P/E/G ratio of 0.73 and a beta of 1.46. The company has a 50 day moving average price of $62.29 and a 200-day moving average price of $59.72. Synchrony Financial has a fifty-two week low of $40.55 and a fifty-two week high of $71.88.

Synchrony Financial (NYSE:SYF) last issued its earnings results 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 return on equity of 19.68% and a net margin of 13.00%. The business had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.80 billion. As a group, equities analysts forecast that Synchrony Financial will post 7.67 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Curtis Howse sold 11,380 shares of the stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $65.00, for a total transaction of $739,700.00. Following the transaction, the insider owned 108,062 shares in the company, valued at $7,024,030. This trade represents a 9.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jonathan S. Mothner sold 40,639 shares of Synchrony Financial stock in a transaction on Monday, May 19th. The shares were sold at an average price of $60.07, for a total transaction of $2,441,184.73. Following the completion of the sale, the insider directly owned 146,628 shares in the company, valued at $8,807,943.96. This represents a 21.70% decrease in their position. The disclosure for this sale can be found here. 0.33% of the stock is owned by insiders.

Institutional Trading of Synchrony Financial

A number of institutional investors and hedge funds have recently modified their holdings of SYF. TCTC Holdings LLC acquired a new stake in Synchrony Financial in the 4th quarter worth about $27,000. Zions Bancorporation National Association UT acquired a new stake in shares of Synchrony Financial in the first quarter worth approximately $30,000. Geneos Wealth Management Inc. increased its position in shares of Synchrony Financial by 337.0% during the first quarter. Geneos Wealth Management Inc. now owns 590 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 455 shares in the last quarter. Accredited Wealth Management LLC acquired a new position in Synchrony Financial in the 4th quarter valued at $38,000. Finally, MAI Capital Management raised its stake in Synchrony Financial by 36.3% in the 1st quarter. MAI Capital Management now owns 627 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 167 shares during the last quarter. Hedge funds and other institutional investors own 96.48% of the company’s stock.

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.