Truist Financial Lowers Synchrony Financial (NYSE:SYF) Price Target to $65.00

Synchrony Financial (NYSE:SYF) had its target price lowered by analysts at Truist Financial from $77.00 to $65.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “hold” rating on the financial services provider’s stock. Truist Financial’s price objective indicates a potential upside of 20.72% from the company’s current price.

SYF has been the subject of several other research reports. Keefe, Bruyette & Woods raised their price objective on shares of Synchrony Financial from $62.00 to $82.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Barclays raised Synchrony Financial from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $59.00 to $79.00 in a research note on Monday, January 6th. JPMorgan Chase & Co. raised Synchrony Financial from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $59.00 to $72.00 in a research report on Monday, December 9th. Compass Point downgraded Synchrony Financial from a “buy” rating to a “neutral” rating and set a $70.00 target price for the company. in a research report on Tuesday, January 28th. Finally, Morgan Stanley upgraded shares of Synchrony Financial from an “underweight” rating to an “overweight” rating and upped their price target for the stock from $40.00 to $82.00 in a report on Thursday, December 19th. Six 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. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $68.10.

Synchrony Financial Price Performance

Shares of Synchrony Financial stock opened at $53.85 on Friday. The stock has a market cap of $20.93 billion, a price-to-earnings ratio of 6.31, a price-to-earnings-growth ratio of 0.71 and a beta of 1.67. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a 50 day moving average price of $62.61 and a 200-day moving average price of $60.17. Synchrony Financial has a one year low of $39.67 and a one year high of $70.93.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings data 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 net margin of 15.36% and a return on equity of 18.30%. Equities analysts expect that Synchrony Financial will post 7.67 EPS for the current year.

Hedge Funds Weigh In On Synchrony Financial

Institutional investors and hedge funds have recently bought and sold shares of the company. Bogart Wealth LLC purchased a new stake in Synchrony Financial in the fourth quarter valued at about $26,000. TCTC Holdings LLC acquired a new position in shares of Synchrony Financial during the fourth quarter valued at about $27,000. Larson Financial Group LLC raised its position in shares of Synchrony Financial by 92.7% in the 3rd quarter. Larson Financial Group LLC now owns 607 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 292 shares during the last quarter. Y.D. More Investments Ltd boosted its stake in Synchrony Financial by 111.5% in the 4th quarter. Y.D. More Investments Ltd now owns 480 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 253 shares in the last quarter. Finally, Accredited Wealth Management LLC purchased a new stake in Synchrony Financial during the 4th quarter worth approximately $38,000. 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.