Synchrony Financial (NYSE:SYF) Price Target Raised to $77.00 at Truist Financial

Synchrony Financial (NYSE:SYF) had its price objective upped by equities researchers at Truist Financial from $72.00 to $77.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “hold” rating on the financial services provider’s stock. Truist Financial’s price target would indicate a potential upside of 11.76% from the stock’s current price.

A number of other research analysts also recently issued reports on SYF. Keefe, Bruyette & Woods boosted their price objective on Synchrony Financial from $62.00 to $82.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. JPMorgan Chase & Co. upgraded Synchrony Financial from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $59.00 to $72.00 in a research note on Monday, December 9th. Morgan Stanley upgraded Synchrony Financial from an “underweight” rating to an “overweight” rating and increased their target price for the company from $40.00 to $82.00 in a research report on Thursday, December 19th. JMP Securities restated a “market outperform” rating and set a $60.00 price target on shares of Synchrony Financial in a report on Monday, October 14th. Finally, Robert W. Baird set a $62.00 target price on Synchrony Financial in a research note on Thursday, October 17th. Seven investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Synchrony Financial presently has an average rating of “Moderate Buy” and a consensus price target of $69.30.

Synchrony Financial Trading Down 0.8 %

Shares of NYSE:SYF opened at $68.90 on Thursday. The stock has a 50 day moving average of $67.10 and a 200 day moving average of $57.30. The company has a market cap of $26.82 billion, a PE ratio of 8.07, a price-to-earnings-growth ratio of 0.80 and a beta of 1.64. The company has a current ratio of 1.24, a quick ratio of 1.25 and a debt-to-equity ratio of 1.01. Synchrony Financial has a 12-month low of $37.91 and a 12-month high of $70.93.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, equities research analysts expect that Synchrony Financial will post 6.73 EPS for the current year.

Insiders Place Their Bets

In other Synchrony Financial news, insider Jonathan S. Mothner sold 34,163 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $64.99, for a total value of $2,220,253.37. Following the completion of the sale, the insider now owns 127,587 shares of the company’s stock, valued at approximately $8,291,879.13. This trade represents a 21.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.33% of the company’s stock.

Institutional Investors Weigh In On Synchrony Financial

Several institutional investors have recently added to or reduced their stakes in the business. Apollon Wealth Management LLC boosted its holdings in Synchrony Financial by 2.3% in the fourth quarter. Apollon Wealth Management LLC now owns 7,094 shares of the financial services provider’s stock worth $461,000 after acquiring an additional 160 shares in the last quarter. Gladstone Institutional Advisory LLC raised its stake in shares of Synchrony Financial by 1.9% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 9,290 shares of the financial services provider’s stock worth $604,000 after purchasing an additional 176 shares during the last quarter. Graypoint LLC raised its stake in shares of Synchrony Financial by 4.0% in the third quarter. Graypoint LLC now owns 4,668 shares of the financial services provider’s stock worth $233,000 after purchasing an additional 181 shares during the last quarter. Wedmont Private Capital raised its stake in shares of Synchrony Financial by 2.6% in the fourth quarter. Wedmont Private Capital now owns 7,700 shares of the financial services provider’s stock worth $491,000 after purchasing an additional 192 shares during the last quarter. Finally, Empirical Finance LLC raised its stake in shares of Synchrony Financial by 1.3% in the third quarter. Empirical Finance LLC now owns 15,499 shares of the financial services provider’s stock worth $773,000 after purchasing an additional 204 shares during the last quarter. Institutional investors and hedge funds 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.