Keefe, Bruyette & Woods Raises Synchrony Financial (NYSE:SYF) Price Target to $82.00

Synchrony Financial (NYSE:SYF) had its price target raised by research analysts at Keefe, Bruyette & Woods from $62.00 to $82.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 22.57% from the stock’s previous close.

A number of other analysts also recently weighed in on SYF. StockNews.com upgraded Synchrony Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, October 9th. Evercore ISI boosted their price target on shares of Synchrony Financial from $58.00 to $65.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft increased their target price on Synchrony Financial from $58.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, October 17th. JMP Securities reaffirmed a “market outperform” rating and set a $60.00 price objective on shares of Synchrony Financial in a research note on Monday, October 14th. Finally, Robert W. Baird set a $62.00 price target on Synchrony Financial in a report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $61.53.

Synchrony Financial Trading Down 1.5 %

Shares of SYF opened at $66.90 on Monday. The business’s 50-day moving average price is $59.78 and its 200-day moving average price is $51.55. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.06. The stock has a market cap of $26.05 billion, a PE ratio of 8.73, a P/E/G ratio of 0.94 and a beta of 1.63. Synchrony Financial has a twelve month low of $35.12 and a twelve month high of $69.39.

Synchrony Financial (NYSE:SYF) last announced its earnings results on Wednesday, October 16th. The financial services provider reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.17. Synchrony Financial had a return on equity of 16.64% and a net margin of 13.98%. The business had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same period in the prior year, the company earned $1.48 EPS. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. On average, equities analysts forecast that Synchrony Financial will post 6.53 EPS for the current fiscal year.

Insider Transactions at Synchrony Financial

In other Synchrony Financial news, insider Curtis Howse sold 21,934 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $55.13, for a total transaction of $1,209,221.42. Following the sale, the insider now directly owns 99,743 shares in the company, valued at approximately $5,498,831.59. This trade represents a 18.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jonathan S. Mothner sold 34,163 shares of the business’s stock in a transaction on 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 transaction, the insider now owns 127,587 shares of the company’s stock, valued at $8,291,879.13. This represents a 21.12 % decrease in their position. The disclosure for this sale can be found here. 0.33% of the stock is owned by insiders.

Institutional Investors Weigh In On Synchrony Financial

Several institutional investors have recently modified their holdings of the business. Larson Financial Group LLC lifted its holdings in shares of Synchrony Financial by 92.7% during the 3rd quarter. Larson Financial Group LLC now owns 607 shares of the financial services provider’s stock valued at $30,000 after buying an additional 292 shares during the period. Altshuler Shaham Ltd purchased a new position in shares of Synchrony Financial in the second quarter worth approximately $31,000. International Assets Investment Management LLC bought a new stake in Synchrony Financial during the second quarter valued at approximately $33,000. WR Wealth Planners LLC increased its holdings in Synchrony Financial by 83.6% during the second quarter. WR Wealth Planners LLC now owns 716 shares of the financial services provider’s stock valued at $34,000 after buying an additional 326 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new position in Synchrony Financial in the second quarter worth approximately $39,000. 96.48% of the stock is owned by hedge funds and other institutional investors.

About Synchrony Financial

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.