Synchrony Financial (NYSE:SYF) Stock Rating Lowered by Compass Point

Synchrony Financial (NYSE:SYF) was downgraded by equities research analysts at Compass Point from a “buy” rating to a “neutral” rating in a note issued to investors on Tuesday, MarketBeat.com reports. They currently have a $70.00 price objective on the financial services provider’s stock. Compass Point’s price target indicates a potential upside of 1.80% from the company’s current price.

Other analysts also recently issued reports about the stock. Robert W. Baird set a $62.00 price objective on shares of Synchrony Financial in a report on Thursday, October 17th. Truist Financial initiated coverage on Synchrony Financial in a research note on Tuesday, January 7th. They set a “hold” rating and a $72.00 price target for the company. Royal Bank of Canada raised their price objective on Synchrony Financial from $55.00 to $62.00 and gave the company a “sector perform” rating in a report on Thursday, October 17th. Evercore ISI upped their target price on Synchrony Financial from $58.00 to $65.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. raised shares of Synchrony Financial from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $59.00 to $72.00 in a research note on Monday, December 9th. Seven analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Synchrony Financial presently has an average rating of “Moderate Buy” and a consensus target price of $69.05.

Synchrony Financial Stock Performance

NYSE SYF opened at $68.76 on Tuesday. The company’s 50 day simple moving average is $66.93 and its two-hundred day simple moving average is $57.14. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.25 and a quick ratio of 1.25. Synchrony Financial has a 1 year low of $37.91 and a 1 year high of $70.93. The stock has a market capitalization of $26.77 billion, a PE ratio of 8.98, a P/E/G ratio of 0.83 and a beta of 1.64.

Synchrony Financial (NYSE:SYF) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $1.91 EPS for the quarter, topping the consensus estimate of $1.89 by $0.02. Synchrony Financial had a return on equity of 16.64% and a net margin of 13.98%. Analysts predict that Synchrony Financial will post 6.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Curtis Howse sold 21,934 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $55.13, for a total transaction of $1,209,221.42. Following the completion of the transaction, the insider now owns 99,743 shares of the company’s stock, valued at $5,498,831.59. This trade represents a 18.03 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jonathan S. Mothner sold 34,163 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $64.99, for a total value of $2,220,253.37. Following the completion of the sale, the insider now directly owns 127,587 shares in the company, valued at $8,291,879.13. This trade represents a 21.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.33% of the company’s stock.

Hedge Funds Weigh In On Synchrony Financial

Large investors have recently modified their holdings of the stock. Larson Financial Group LLC raised its holdings in Synchrony Financial by 92.7% in the third quarter. Larson Financial Group LLC now owns 607 shares of the financial services provider’s stock worth $30,000 after buying an additional 292 shares during the last quarter. Y.D. More Investments Ltd increased its position in shares of Synchrony Financial by 111.5% during the fourth quarter. Y.D. More Investments Ltd now owns 480 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 253 shares in the last quarter. Quarry LP lifted its position in Synchrony Financial by 301.3% in the 3rd quarter. Quarry LP now owns 899 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 675 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in Synchrony Financial during the 3rd quarter valued at $50,000. Finally, Raleigh Capital Management Inc. increased its holdings in shares of Synchrony Financial by 151.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 807 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 486 shares in the last quarter. Hedge funds and other institutional investors own 96.48% of the company’s stock.

About Synchrony Financial

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.