Synchrony Financial (NYSE:SYF) had its target price hoisted by research analysts at Morgan Stanley from $31.00 to $34.00 in a note issued to investors on Monday, BenzingaRatingsTable reports. The firm presently has an “equal weight” rating on the financial services provider’s stock. Morgan Stanley’s target price suggests a potential upside of 1.61% from the stock’s current price.

SYF has been the topic of a number of other reports. Zacks Investment Research reiterated a “hold” rating and issued a $25.00 price objective on shares of Synchrony Financial in a research report on Monday, December 31st. Stephens upgraded Synchrony Financial from an “underweight” rating to an “equal weight” rating in a research report on Thursday, January 3rd. Barclays lifted their price objective on Synchrony Financial to $35.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 24th. Oppenheimer upgraded Synchrony Financial from a “market perform” rating to an “outperform” rating and set a $43.00 price objective on the stock in a research report on Thursday, January 24th. Finally, CIBC upgraded Synchrony Financial from a “market perform” rating to an “outperform” rating and set a $43.00 price objective on the stock in a research report on Thursday, January 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $37.23.

SYF opened at $33.46 on Monday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.41 and a current ratio of 1.39. Synchrony Financial has a 1 year low of $21.77 and a 1 year high of $36.32. The company has a market cap of $23.20 billion, a P/E ratio of 8.95, a P/E/G ratio of 1.03 and a beta of 1.28.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings results on Thursday, April 18th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.12. Synchrony Financial had a return on equity of 19.79% and a net margin of 17.52%. The business had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.29 billion. During the same period last year, the company earned $0.83 EPS. Research analysts forecast that Synchrony Financial will post 4.22 earnings per share for the current fiscal year.

In related news, insider Henry F. Greig sold 50,000 shares of Synchrony Financial stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $33.00, for a total transaction of $1,650,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider David P. Melito sold 3,204 shares of Synchrony Financial stock in a transaction that occurred on Thursday, January 24th. The shares were sold at an average price of $30.00, for a total value of $96,120.00. Following the sale, the insider now owns 40,313 shares in the company, valued at $1,209,390. The disclosure for this sale can be found here. Over the last quarter, insiders sold 60,342 shares of company stock worth $1,966,668. Corporate insiders own 0.32% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SYF. Norges Bank bought a new stake in shares of Synchrony Financial during the fourth quarter valued at approximately $168,722,000. Southpoint Capital Advisors LP bought a new stake in shares of Synchrony Financial during the third quarter valued at approximately $71,484,000. Millennium Management LLC boosted its position in shares of Synchrony Financial by 163.6% during the fourth quarter. Millennium Management LLC now owns 3,032,475 shares of the financial services provider’s stock valued at $71,142,000 after purchasing an additional 1,881,871 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of Synchrony Financial by 2,218.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,810,995 shares of the financial services provider’s stock valued at $77,000 after purchasing an additional 1,732,885 shares in the last quarter. Finally, BlackRock Inc. boosted its position in shares of Synchrony Financial by 3.3% during the fourth quarter. BlackRock Inc. now owns 46,496,604 shares of the financial services provider’s stock valued at $1,090,810,000 after purchasing an additional 1,503,876 shares in the last quarter. Institutional investors own 88.81% of the company’s stock.

Synchrony Financial Company Profile

Synchrony Financial operates as a consumer financial services company in the United States. The company offers private label credit cards, dual cards, general purpose co-branded credit cards, and small and medium-sized business credit products; and promotional financing for consumer purchases, such as private label credit cards and installment loans.

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Analyst Recommendations for Synchrony Financial (NYSE:SYF)

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