Somewhat Positive News Coverage Somewhat Unlikely to Affect Synchrony Financial (SYF) Stock Price
Media stories about Synchrony Financial (NYSE:SYF) have been trending somewhat positive on Sunday, Accern Sentiment Analysis reports. Accern scores the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Synchrony Financial earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 45.9887327802376 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media stories that may have effected Accern Sentiment’s analysis:
- Synchrony Financial (SYF) versus Stonegate Mortgage Corp (SGM) Critical Comparison (americanbankingnews.com)
- PayPal (PYPL) to Sell $6.8B in Receivables to Synchrony Financial (SYF) – StreetInsider.com (streetinsider.com)
- Here’s What Buffett’s Berkshire, Other Funds Bought And Sold In Q3 (investors.com)
- SYNCHRONY FINANCIAL : Regulation FD Disclosure, Other Events, Financial Statements and Exhibits (form 8-K) (4-traders.com)
- PayPal and Synchrony Financial on the rise after new deal (seekingalpha.com)
Shares of Synchrony Financial (NYSE:SYF) opened at $33.86 on Friday. The stock has a market cap of $26,498.56, a PE ratio of 12.92, a PEG ratio of 1.40 and a beta of 1.02. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.47 and a quick ratio of 1.47. Synchrony Financial has a 12 month low of $26.01 and a 12 month high of $38.06.
Synchrony Financial (NYSE:SYF) last issued its earnings results on Friday, October 20th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.06. The business had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.78 billion. Synchrony Financial had a net margin of 13.17% and a return on equity of 14.84%. During the same quarter in the prior year, the business posted $0.73 EPS. sell-side analysts forecast that Synchrony Financial will post 2.59 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Stockholders of record on Monday, November 6th were paid a $0.15 dividend. The ex-dividend date was Friday, November 3rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.77%. Synchrony Financial’s dividend payout ratio (DPR) is presently 22.90%.
A number of analysts recently weighed in on the stock. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Synchrony Financial in a research report on Saturday, July 22nd. BidaskClub cut shares of Synchrony Financial from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Barclays PLC set a $40.00 price target on shares of Synchrony Financial and gave the stock a “buy” rating in a research report on Monday, October 23rd. JMP Securities upped their price target on shares of Synchrony Financial from $35.00 to $37.00 and gave the stock a “market outperform” rating in a research report on Monday, October 23rd. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $35.00 price target (up from $33.00) on shares of Synchrony Financial in a research report on Tuesday, July 25th. Twelve research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $36.77.
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In other news, insider Jonathan S. Mothner sold 1,000 shares of the company’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $33.50, for a total value of $33,500.00. Following the sale, the insider now owns 113,578 shares in the company, valued at approximately $3,804,863. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jonathan S. Mothner sold 1,500 shares of the company’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $32.82, for a total transaction of $49,230.00. Following the completion of the sale, the insider now owns 113,934 shares in the company, valued at approximately $3,739,313.88. The disclosure for this sale can be found here. Corporate 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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