Synchrony Financial (SYF) Trading 0.7% Higher
Synchrony Financial (NYSE:SYF) shares traded up 0.7% during mid-day trading on Wednesday . The stock traded as high as $27.54 and last traded at $27.49, with a volume of 2,409,807 shares traded. The stock had previously closed at $27.30.
Several analysts have weighed in on the stock. Jefferies Group reissued a “buy” rating on shares of Synchrony Financial in a research note on Sunday, May 29th. Deutsche Bank AG reissued a “buy” rating on shares of Synchrony Financial in a research note on Sunday, June 26th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Synchrony Financial in a research note on Saturday, July 9th. JMP Securities reissued a “buy” rating on shares of Synchrony Financial in a research note on Saturday, July 9th. Finally, Nomura reissued a “buy” rating on shares of Synchrony Financial in a research note on Saturday, July 9th. Three equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $40.42.
The stock’s 50-day moving average is $27.74 and its 200 day moving average is $28.35. The company has a market cap of $23.13 billion and a P/E ratio of 10.586.
Synchrony Financial (NYSE:SYF) last posted its earnings results on Friday, July 22nd. The company reported $0.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.04. During the same quarter in the previous year, the firm earned $0.65 EPS. On average, equities analysts forecast that Synchrony Financial will post $2.64 EPS for the current fiscal year.
The business also recently announced a special dividend, which was paid on Thursday, August 25th. Investors of record on Friday, August 12th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend 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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