Zacks Investment Research upgraded shares of Synchrony Financial (NYSE:SYF) from a hold rating to a buy rating in a research report released on Monday. Zacks Investment Research currently has $27.00 price target on the financial services provider’s stock.

According to Zacks, “Synchrony Financial is well-positioned for long-term growth on the back of increasing revenues, aided by a rapidly rising interest income as well as inorganic growth strategies. Its concerted efforts in forging alliances and effecting acquisitions are likely to drive the shares going forward. Moreover, its Retail Card platform consistently performed well over the past several quarters. Shares of Synchrony Financial’s have lost in a year’s time, wider than its industry’s decline. However, it has witnessed 2018 and 2019 earnings estimates move north over the last 30 days. The company has been witnessing a steep rise in expenses since 2013, which has been weighing on its bottom line. Its high allowance for loss remains another concern.”

A number of other research firms have also commented on SYF. ValuEngine lowered shares of Synchrony Financial from a hold rating to a sell rating in a research report on Friday, September 28th. Morgan Stanley cut their price objective on shares of Synchrony Financial from $35.00 to $32.00 and set an equal weight rating for the company in a research report on Monday, November 5th. Stephens lowered shares of Synchrony Financial from an equal weight rating to a sell rating and set a $26.00 price objective for the company. in a research report on Friday, November 2nd. Citigroup cut their price objective on shares of Synchrony Financial from $37.00 to $32.00 and set a neutral rating for the company in a research report on Thursday, November 1st. Finally, TheStreet lowered shares of Synchrony Financial from a b- rating to a c+ rating in a research report on Monday, November 19th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $35.71.

SYF stock opened at $23.49 on Monday. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.40 and a quick ratio of 1.40. Synchrony Financial has a 12 month low of $23.36 and a 12 month high of $40.59. The company has a market capitalization of $17.32 billion, a PE ratio of 8.97, a PEG ratio of 0.65 and a beta of 1.03.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings data on Friday, October 19th. The financial services provider reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. Synchrony Financial had a net margin of 13.70% and a return on equity of 17.90%. The company had revenue of $4.21 billion during the quarter, compared to analyst estimates of $4.18 billion. During the same period last year, the business earned $0.70 earnings per share. Equities research analysts predict that Synchrony Financial will post 3.54 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Alps Advisors Inc. raised its stake in 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 in the last quarter. Mackenzie Financial Corp raised its stake in shares of Synchrony Financial by 15.9% during the third quarter. Mackenzie Financial Corp now owns 15,022 shares of the financial services provider’s stock worth $467,000 after acquiring an additional 2,056 shares in the last quarter. Tdam USA Inc. raised its stake in shares of Synchrony Financial by 8.0% during the third quarter. Tdam USA Inc. now owns 32,249 shares of the financial services provider’s stock worth $963,000 after acquiring an additional 2,380 shares in the last quarter. Chartwell Investment Partners LLC raised its stake in shares of Synchrony Financial by 4.9% during the third quarter. Chartwell Investment Partners LLC now owns 51,778 shares of the financial services provider’s stock worth $1,609,000 after acquiring an additional 2,403 shares in the last quarter. Finally, Advisors Capital Management LLC raised its stake in shares of Synchrony Financial by 2.5% during the second quarter. Advisors Capital Management LLC now owns 103,925 shares of the financial services provider’s stock worth $3,469,000 after acquiring an additional 2,500 shares in the last quarter. 84.28% of the stock is currently owned by institutional investors and hedge funds.

Synchrony Financial Company Profile

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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