Synchrony Financial (NYSE:SYF) has been assigned a $53.00 target price by Barclays in a research note issued on Tuesday. The firm currently has a “buy” rating on the financial services provider’s stock. Barclays’ price objective indicates a potential upside of 44.65% from the company’s current price.

Several other equities research analysts have also recently issued reports on the stock. JMP Securities lifted their target price on shares of Synchrony Financial from $35.00 to $37.00 and gave the stock a “market outperform” rating in a research note on Monday, October 23rd. Wells Fargo & Company lifted their target price on shares of Synchrony Financial from $33.00 to $35.00 and gave the stock a “market perform” rating in a research note on Monday, October 23rd. Bank of America cut shares of Synchrony Financial from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $35.00 to $33.00 in a research note on Friday, October 6th. Morgan Stanley cut shares of Synchrony Financial from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $35.00 to $32.00 in a research note on Friday, September 8th. Finally, Zacks Investment Research cut shares of Synchrony Financial from a “hold” rating to a “sell” rating in a research note on Monday, September 25th. Twelve research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. Synchrony Financial presently has a consensus rating of “Buy” and a consensus price target of $37.88.

Shares of Synchrony Financial (NYSE SYF) opened at $36.64 on Tuesday. Synchrony Financial has a one year low of $26.01 and a one year high of $38.06. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.38. The stock has a market cap of $29,417.62, a price-to-earnings ratio of 14.35, a price-to-earnings-growth ratio of 1.89 and a beta of 1.06.

Synchrony Financial (NYSE:SYF) last announced its earnings results on Friday, October 20th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.06. Synchrony Financial had a net margin of 13.17% and a return on equity of 14.84%. The company had revenue of $3.88 billion for the quarter, compared to analysts’ expectations of $3.78 billion. During the same quarter in the previous year, the company posted $0.73 EPS. sell-side analysts forecast that Synchrony Financial will post 2.59 earnings per share for the current year.

In other Synchrony Financial news, 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 value of $49,230.00. Following the transaction, the insider now owns 113,934 shares of the company’s stock, valued at $3,739,313.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $33,500.00. Following the completion of the transaction, the insider now directly owns 113,578 shares in the company, valued at approximately $3,804,863. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,961 shares of company stock worth $244,508. Corporate insiders own 0.03% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of SYF. Global X Management Co. LLC lifted its position in Synchrony Financial by 19.8% in the second quarter. Global X Management Co. LLC now owns 7,460 shares of the financial services provider’s stock valued at $222,000 after buying an additional 1,234 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in Synchrony Financial by 8.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 2,717,021 shares of the financial services provider’s stock valued at $81,022,000 after buying an additional 212,342 shares during the last quarter. Wedbush Securities Inc. lifted its position in Synchrony Financial by 8.4% in the second quarter. Wedbush Securities Inc. now owns 8,978 shares of the financial services provider’s stock valued at $268,000 after buying an additional 695 shares during the last quarter. Advisors Asset Management Inc. lifted its position in Synchrony Financial by 9.0% in the second quarter. Advisors Asset Management Inc. now owns 78,041 shares of the financial services provider’s stock valued at $2,327,000 after buying an additional 6,457 shares during the last quarter. Finally, Conning Inc. lifted its position in Synchrony Financial by 4.2% in the second quarter. Conning Inc. now owns 17,613 shares of the financial services provider’s stock valued at $525,000 after buying an additional 710 shares during the last quarter. 85.77% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION WARNING: “Synchrony Financial (SYF) PT Set at $53.00 by Barclays” was reported by Daily Political and is the sole property of of Daily Political. If you are viewing this news story on another website, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this news story can be viewed at https://www.dailypolitical.com/2017/12/14/synchrony-financial-syf-pt-set-at-53-00-by-barclays.html.

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.

Analyst Recommendations for Synchrony Financial (NYSE:SYF)

Receive News & Ratings for Synchrony Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synchrony Financial and related companies with MarketBeat.com's FREE daily email newsletter.