Synchrony Financial (NYSE:SYF) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Synchrony Financial (NYSE:SYF) had its price objective raised by research analysts at Royal Bank of Canada from $70.00 to $73.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “sector perform” rating on the financial services provider’s stock. Royal Bank of Canada’s price objective indicates a potential upside of 5.19% from the stock’s previous close.

Several other equities research analysts have also commented on the company. StockNews.com raised Synchrony Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, October 9th. TD Cowen boosted their price target on Synchrony Financial from $60.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Evercore ISI boosted their price target on Synchrony Financial from $58.00 to $65.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods boosted their price target on Synchrony Financial from $62.00 to $82.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Synchrony Financial from $58.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Seven analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $69.30.

Synchrony Financial Price Performance

Shares of SYF opened at $69.40 on Wednesday. Synchrony Financial has a twelve month low of $37.91 and a twelve month high of $70.93. The stock’s 50 day moving average is $67.01 and its two-hundred day moving average is $57.22. The firm has a market capitalization of $27.02 billion, a PE ratio of 9.06, a P/E/G ratio of 0.83 and a beta of 1.64. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.06.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.02. Synchrony Financial had a return on equity of 16.64% and a net margin of 13.98%. Research analysts anticipate that Synchrony Financial will post 6.54 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Jonathan S. Mothner sold 34,163 shares of the 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 transaction, the insider now directly owns 127,587 shares of the company’s stock, valued at approximately $8,291,879.13. This trade represents a 21.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.33% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Apollon Wealth Management LLC raised its position in shares of Synchrony Financial by 2.3% in the 4th quarter. Apollon Wealth Management LLC now owns 7,094 shares of the financial services provider’s stock worth $461,000 after buying an additional 160 shares during the period. Gladstone Institutional Advisory LLC increased its holdings in Synchrony Financial by 1.9% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 9,290 shares of the financial services provider’s stock valued at $604,000 after purchasing an additional 176 shares in the last quarter. Graypoint LLC increased its holdings in Synchrony Financial by 4.0% in the 3rd quarter. Graypoint LLC now owns 4,668 shares of the financial services provider’s stock valued at $233,000 after purchasing an additional 181 shares in the last quarter. Wedmont Private Capital increased its holdings in Synchrony Financial by 2.6% in the 4th quarter. Wedmont Private Capital now owns 7,700 shares of the financial services provider’s stock valued at $491,000 after purchasing an additional 192 shares in the last quarter. Finally, Empirical Finance LLC increased its holdings in Synchrony Financial by 1.3% in the 3rd quarter. Empirical Finance LLC now owns 15,499 shares of the financial services provider’s stock valued at $773,000 after purchasing an additional 204 shares in the last quarter. 96.48% of the stock is owned by hedge funds and other 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.