Somewhat Positive News Coverage Somewhat Unlikely to Impact Synchrony Financial (SYF) Share Price
Media stories about Synchrony Financial (NYSE:SYF) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Synchrony Financial earned a news sentiment score of 0.17 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 46.5389701213774 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news headlines that may have effected Accern Sentiment’s scoring:
- Synchrony Financial (SYF) Earns “Buy” Rating from Jefferies Group LLC (americanbankingnews.com)
- [$$] A Surprise Bump in Bad Card Loans (finance.yahoo.com)
- Commit To Buy Synchrony Financial At $18, Earn 2.8% Using Options – Nasdaq (nasdaq.com)
- Analyzing Synchrony Financial (SYF) and The Competition (americanbankingnews.com)
- Head-To-Head Comparison: Synchrony Financial (SYF) versus PHH Corp (PHH) (americanbankingnews.com)
A number of equities analysts have recently weighed in on the stock. Jefferies Group LLC reaffirmed a “buy” rating and issued a $40.00 price target on shares of Synchrony Financial in a research note on Thursday. Morgan Stanley downgraded shares of Synchrony Financial from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $35.00 to $32.00 in a research note on Friday, September 8th. BidaskClub raised shares of Synchrony Financial from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. BMO Capital Markets reaffirmed a “buy” rating and issued a $40.00 price target on shares of Synchrony Financial in a research note on Friday, August 25th. Finally, TheStreet raised shares of Synchrony Financial from a “c” rating to a “b” rating in a research note on Monday, July 31st. Ten equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $37.42.
Synchrony Financial (NYSE SYF) traded down 0.38% during midday trading on Thursday, reaching $28.89. 5,281,836 shares of the company’s stock were exchanged. The company has a market cap of $22.98 billion, a price-to-earnings ratio of 10.85 and a beta of 1.01. Synchrony Financial has a 52 week low of $26.01 and a 52 week high of $38.06. The firm has a 50-day moving average price of $29.92 and a 200 day moving average price of $30.47.
Synchrony Financial (NYSE:SYF) last announced its quarterly earnings data on Friday, July 21st. The financial services provider reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. Synchrony Financial had a net margin of 13.84% and a return on equity of 15.30%. The company had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter last year, the firm posted $0.58 EPS. Analysts anticipate that Synchrony Financial will post $2.60 EPS for the current year.
In other news, Director Paget Leonard Alves acquired 2,000 shares of the firm’s stock in a transaction dated Monday, July 24th. The stock was bought at an average price of $30.85 per share, with a total value of $61,700.00. Following the transaction, the director now directly owns 8,521 shares in the company, valued at approximately $262,872.85. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.03% of the company’s stock.
About Synchrony Financial
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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