Synchrony Financial (SYF) Trading 0.7% Higher
Shares of Synchrony Financial (NYSE:SYF) traded up 0.7% during mid-day trading on Wednesday . The company traded as high as $27.54 and last traded at $27.49, with a volume of 2,409,807 shares trading hands. The stock had previously closed at $27.30.
A number of analysts have issued reports on the stock. Jefferies Group reiterated a “buy” rating on shares of Synchrony Financial in a research note on Sunday, May 29th. Deutsche Bank AG restated a “buy” rating on shares of Synchrony Financial in a research note on Sunday, June 26th. JPMorgan Chase & Co. restated a “buy” rating on shares of Synchrony Financial in a research note on Saturday, July 9th. JMP Securities restated a “buy” rating on shares of Synchrony Financial in a research note on Saturday, July 9th. Finally, Nomura restated a “buy” rating on shares of Synchrony Financial in a research note on Saturday, July 9th. Three investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $40.42.
The stock has a market cap of $23.21 billion and a P/E ratio of 10.62. The company’s 50 day moving average is $27.75 and its 200 day moving average is $28.35.
Synchrony Financial (NYSE:SYF) last released its quarterly earnings data on Friday, July 22nd. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.54 by $0.04. During the same period last year, the company posted $0.65 earnings per share. Analysts expect that Synchrony Financial will post $2.64 earnings per share for the current fiscal year.
The business also recently disclosed a special dividend, which was paid on Thursday, August 25th. Stockholders of record on Friday, August 12th were issued a $0.13 dividend. The ex-dividend date was Wednesday, August 10th.
Synchrony Financial is a consumer financial services company. The Company provides a range of credit products through programs it has established with a group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers. The Company’s revenue activities are managed through three sales platforms: Retail Card, Payment Solutions and CareCredit.
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