HSBC Increases Synchrony Financial (NYSE:SYF) Price Target to $97.00

Synchrony Financial (NYSE:SYF) had its target price boosted by research analysts at HSBC from $93.00 to $97.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the financial services provider’s stock. HSBC’s price objective would indicate a potential upside of 32.60% from the company’s current price.

SYF has been the topic of several other research reports. Truist Financial boosted their price target on shares of Synchrony Financial from $71.00 to $82.00 and gave the stock a “hold” rating in a research report on Thursday, April 23rd. UBS Group lifted their price objective on shares of Synchrony Financial from $77.00 to $84.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 7th. TD Cowen boosted their target price on shares of Synchrony Financial from $89.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Loop Capital began coverage on shares of Synchrony Financial in a research report on Friday, May 22nd. They set a “hold” rating and a $81.00 target price on the stock. Finally, JPMorgan Chase & Co. lowered their price target on shares of Synchrony Financial from $81.00 to $78.00 and set a “neutral” rating for the company in a report on Monday. Twelve analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $87.32.

Synchrony Financial Price Performance

Synchrony Financial stock traded up $0.71 during midday trading on Monday, reaching $73.15. 1,308,352 shares of the stock traded hands, compared to its average volume of 4,208,274. The stock has a market cap of $24.61 billion, a P/E ratio of 7.57, a PEG ratio of 0.68 and a beta of 1.32. The stock’s fifty day moving average is $73.17 and its 200-day moving average is $73.78. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.08. Synchrony Financial has a 12 month low of $63.08 and a 12 month high of $88.77.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $2.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.14 by $0.13. The business had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.81 billion. Synchrony Financial had a return on equity of 23.41% and a net margin of 15.80%.The company’s revenue was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.89 EPS. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. As a group, equities research analysts anticipate that Synchrony Financial will post 9.33 EPS for the current year.

Synchrony Financial announced that its board has initiated a stock buyback program on Tuesday, April 21st that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the financial services provider to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In related news, insider Jonathan S. Mothner sold 51,258 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $71.23, for a total transaction of $3,651,107.34. Following the transaction, the insider directly owned 132,664 shares in the company, valued at approximately $9,449,656.72. This represents a 27.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.36% of the company’s stock.

Institutional Investors Weigh In On Synchrony Financial

Hedge funds and other institutional investors have recently modified their holdings of the business. FWL Investment Management LLC purchased a new stake in shares of Synchrony Financial during the 3rd quarter worth $26,000. Fideuram Asset Management Ireland dac purchased a new position in Synchrony Financial in the fourth quarter valued at about $29,000. Advisors Asset Management Inc. bought a new position in Synchrony Financial in the fourth quarter worth about $29,000. Palisade Asset Management LLC bought a new position in Synchrony Financial in the third quarter worth about $29,000. Finally, Reflection Asset Management purchased a new stake in shares of Synchrony Financial during the fourth quarter valued at about $31,000. 96.48% of the stock is currently owned by hedge funds and other institutional investors.

Synchrony Financial Company Profile

Synchrony Financial (NYSE: SYF) is a consumer financial services company that specializes in providing point-of-sale financing and private-label, co-branded and branded credit card programs. The company serves as a payments and lending partner to retailers, digital merchants and service providers, offering consumer financing solutions designed to drive customer engagement and sales. Synchrony also operates a direct bank that offers deposit products, including savings accounts and certificates of deposit, which support its funding and customer-facing product suite.

Its core product set includes private-label and co-branded credit cards, general-purpose credit cards, installment loan programs and promotional financing options that are integrated into merchants’ checkout experiences.