TheStreet downgraded shares of Synchrony Financial (NYSE:SYF) from a b- rating to a c+ rating in a research report report published on Monday.

Several other research firms have also issued reports on SYF. Bank of America lowered shares of Synchrony Financial from a buy rating to a neutral rating and set a $34.00 price target on the stock. in a research report on Wednesday, September 26th. ValuEngine raised shares of Synchrony Financial from a sell rating to a hold rating in a research report on Friday, September 14th. Zacks Investment Research raised shares of Synchrony Financial from a hold rating to a buy rating and set a $35.00 price target on the stock in a research report on Monday, October 8th. BMO Capital Markets dropped their price target on shares of Synchrony Financial from $51.00 to $37.00 and set an outperform rating on the stock in a research report on Monday, July 30th. Finally, Barclays lowered shares of Synchrony Financial from an overweight rating to an equal weight rating and dropped their price target for the stock from $53.00 to $32.00 in a research report on Monday, July 30th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $37.06.

Shares of SYF opened at $25.32 on Monday. Synchrony Financial has a 12 month low of $25.06 and a 12 month high of $40.59. The firm has a market cap of $18.35 billion, a P/E ratio of 9.66, a price-to-earnings-growth ratio of 0.69 and a beta of 1.05. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.70.

Synchrony Financial (NYSE:SYF) last announced its earnings results on Friday, October 19th. The financial services provider reported $0.91 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.11. Synchrony Financial had a net margin of 13.70% and a return on equity of 17.90%. The business had revenue of $4.21 billion during the quarter, compared to analysts’ expectations of $4.18 billion. During the same quarter in the prior year, the company posted $0.70 earnings per share. As a group, equities research analysts predict that Synchrony Financial will post 3.54 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Monday, November 5th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.32%. The ex-dividend date was Friday, November 2nd. Synchrony Financial’s payout ratio is presently 32.06%.

Several institutional investors and hedge funds have recently modified their holdings of the company. Bank Hapoalim BM raised its position in shares of Synchrony Financial by 4.9% in the second quarter. Bank Hapoalim BM now owns 34,618 shares of the financial services provider’s stock valued at $1,156,000 after purchasing an additional 1,605 shares during the period. Alps Advisors Inc. raised its position in shares of Synchrony Financial by 4.2% in the second quarter. Alps Advisors Inc. now owns 42,942 shares of the financial services provider’s stock valued at $1,433,000 after purchasing an additional 1,741 shares during the period. United Asset Strategies Inc. raised its position in shares of Synchrony Financial by 17.6% in the second quarter. United Asset Strategies Inc. now owns 12,912 shares of the financial services provider’s stock valued at $431,000 after purchasing an additional 1,937 shares during the period. Dupont Capital Management Corp raised its position in shares of Synchrony Financial by 39.0% in the second quarter. Dupont Capital Management Corp now owns 7,140 shares of the financial services provider’s stock valued at $238,000 after purchasing an additional 2,005 shares during the period. Finally, Mackenzie Financial Corp raised its position in shares of Synchrony Financial by 15.9% in the third quarter. Mackenzie Financial Corp now owns 15,022 shares of the financial services provider’s stock valued at $467,000 after purchasing an additional 2,056 shares during the period. 85.21% of the stock is currently owned by institutional investors.

About Synchrony Financial

Synchrony Financial operates as a consumer financial services company in the United States. The company offers private label credit cards, dual cards, general purpose co-branded credit cards, and small and medium-sized business credit products; and promotional financing for consumer purchases, such as private label credit cards and installment loans.

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Analyst Recommendations for Synchrony Financial (NYSE:SYF)

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