Synchrony Financial (NYSE:SYF) Given New $47.00 Price Target at Evercore ISI

Synchrony Financial (NYSE:SYF) had its price objective lifted by stock analysts at Evercore ISI from $45.00 to $47.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Evercore ISI’s price target would indicate a potential upside of 9.58% from the company’s current price.

A number of other brokerages have also recently commented on SYF. Stephens lifted their price target on Synchrony Financial from $40.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. JMP Securities boosted their target price on Synchrony Financial from $35.00 to $42.00 and gave the company a “market outperform” rating in a research note on Friday, January 12th. Piper Sandler boosted their target price on Synchrony Financial from $46.00 to $48.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. StockNews.com upgraded Synchrony Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, January 24th. Finally, Bank of America lifted their price target on Synchrony Financial from $41.00 to $43.00 and gave the company a “neutral” rating in a research report on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $39.24.

Synchrony Financial Price Performance

Shares of NYSE SYF traded up $0.61 during trading hours on Thursday, reaching $42.89. 593,916 shares of the stock traded hands, compared to its average volume of 4,457,111. The company has a market capitalization of $17.45 billion, a P/E ratio of 8.29, a price-to-earnings-growth ratio of 1.00 and a beta of 1.61. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.21. Synchrony Financial has a 52-week low of $26.59 and a 52-week high of $43.83. The company’s 50-day simple moving average is $40.10 and its two-hundred day simple moving average is $35.17.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.10. The company had revenue of $5.55 billion for the quarter, compared to analysts’ expectations of $4.45 billion. Synchrony Financial had a return on equity of 17.37% and a net margin of 10.68%. During the same period last year, the firm posted $1.26 EPS. Equities research analysts forecast that Synchrony Financial will post 5.7 EPS for the current year.

Insider Activity at Synchrony Financial

In related news, insider David P. Melito sold 7,283 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $38.99, for a total transaction of $283,964.17. Following the completion of the transaction, the insider now directly owns 14,183 shares of the company’s stock, valued at $552,995.17. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, insider Curtis Howse sold 6,179 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $42.82, for a total value of $264,584.78. Following the completion of the sale, the insider now directly owns 152,604 shares of the company’s stock, valued at approximately $6,534,503.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David P. Melito sold 7,283 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $38.99, for a total value of $283,964.17. Following the completion of the sale, the insider now directly owns 14,183 shares of the company’s stock, valued at $552,995.17. The disclosure for this sale can be found here. Over the last three months, insiders sold 148,158 shares of company stock valued at $6,106,106. Insiders own 0.65% of the company’s stock.

Institutional Investors Weigh In On Synchrony Financial

Several institutional investors have recently modified their holdings of SYF. Live Oak Investment Partners purchased a new stake in shares of Synchrony Financial in the fourth quarter worth approximately $27,000. Exchange Traded Concepts LLC purchased a new position in Synchrony Financial during the 3rd quarter worth $35,000. Covestor Ltd increased its holdings in Synchrony Financial by 138.8% during the 1st quarter. Covestor Ltd now owns 1,108 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 644 shares during the period. Zions Bancorporation N.A. increased its holdings in Synchrony Financial by 230.5% during the 1st quarter. Zions Bancorporation N.A. now owns 1,226 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 855 shares during the period. Finally, Parkside Financial Bank & Trust increased its holdings in Synchrony Financial by 76.2% during the 1st quarter. Parkside Financial Bank & Trust now owns 1,325 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 573 shares during the period. 96.48% of the stock is owned by institutional investors.

Synchrony Financial Company Profile

Synchrony Financial, together with its subsidiaries, operates as a consumer financial services company in the United States. It provides credit products, such as credit cards, commercial credit products, and consumer installment loans. The company also offers private label credit cards, dual co-brand and general purpose credit cards, short- and long-term installment loans, and consumer banking products; and deposit products, including certificates of deposit, individual retirement accounts, money market accounts, and savings accounts, and sweep and affinity deposits, as well as accepts deposits through third-party securities brokerage firms.