Synchrony Financial (NYSE:SYF) Rating Lowered to “Hold” at StockNews.com

Synchrony Financial (NYSE:SYF) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Monday.

Several other analysts have also issued reports on the stock. JPMorgan Chase & Co. raised shares of 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 report on Monday, December 9th. UBS Group upped their target price on shares of Synchrony Financial from $58.00 to $66.00 and gave the company a “neutral” rating in a report on Monday, January 13th. Barclays upgraded shares of Synchrony Financial from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $59.00 to $79.00 in a research note on Monday, January 6th. Bank of America boosted their price target on Synchrony Financial from $82.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. Finally, Keefe, Bruyette & Woods raised their price objective on Synchrony Financial from $62.00 to $82.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Seven investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $68.10.

Synchrony Financial Trading Up 0.1 %

Synchrony Financial stock opened at $55.85 on Monday. The company has a market cap of $21.71 billion, a price-to-earnings ratio of 6.54, a P/E/G ratio of 0.71 and a beta of 1.67. The firm has a 50-day moving average of $62.03 and a 200-day moving average of $60.47. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.24 and a quick ratio of 1.24. Synchrony Financial has a one year low of $39.67 and a one year 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 EPS 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%. On average, equities analysts expect that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Synchrony Financial

A number of hedge funds have recently made changes to their positions in SYF. New Wave Wealth Advisors LLC bought a new position in Synchrony Financial during the 4th quarter worth approximately $452,000. National Bank of Canada FI raised its stake in Synchrony Financial by 119.0% during the third quarter. National Bank of Canada FI now owns 243,040 shares of the financial services provider’s stock worth $12,123,000 after buying an additional 132,047 shares during the last quarter. Asset Management One Co. Ltd. raised its stake in Synchrony Financial by 7.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 178,811 shares of the financial services provider’s stock worth $11,787,000 after buying an additional 12,492 shares during the last quarter. Brophy Wealth Management LLC acquired a new position in Synchrony Financial in the third quarter valued at $544,000. Finally, Summit Trail Advisors LLC bought a new stake in Synchrony Financial during the fourth quarter valued at $423,000. 96.48% of the stock is currently owned by institutional investors.

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.