Synchrony Financial (SYF) Downgraded by TheStreet to C+

TheStreet cut shares of Synchrony Financial (NYSE:SYF) from a b- rating to a c+ rating in a research note issued to investors on Monday.

SYF has been the subject of a number of other research reports. Oppenheimer reissued a hold rating on shares of Synchrony Financial in a research report on Thursday, November 1st. Stephens reaffirmed a hold rating and set a $32.00 price objective on shares of Synchrony Financial in a research report on Friday, July 27th. BMO Capital Markets upped their price objective on shares of Synchrony Financial from $37.00 to $40.00 and gave the stock an outperform rating in a research report on Monday, October 22nd. JPMorgan Chase & Co. cut their price objective on shares of Synchrony Financial from $41.00 to $39.00 and set an overweight rating for the company in a research report on Friday, July 27th. Finally, Bank of America cut shares of Synchrony Financial from a buy rating to a neutral rating and set a $34.00 price objective for the company. in a research report on Wednesday, September 26th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company’s stock. Synchrony Financial presently has a consensus rating of Hold and a consensus target price of $37.06.

Shares of Synchrony Financial stock opened at $25.66 on Monday. The stock has a market capitalization of $18.20 billion, a PE ratio of 9.79, a price-to-earnings-growth ratio of 0.68 and a beta of 1.05. Synchrony Financial has a 52-week low of $25.06 and a 52-week high of $40.59. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.40 and a quick ratio of 1.40.

Synchrony Financial (NYSE:SYF) last announced its earnings results on Friday, October 19th. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.11. The company had revenue of $4.21 billion during the quarter, compared to analysts’ expectations of $4.18 billion. Synchrony Financial had a net margin of 13.70% and a return on equity of 17.90%. During the same quarter in the previous year, the business posted $0.70 earnings per share. As a group, analysts anticipate that Synchrony Financial will post 3.54 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Monday, November 5th were issued a $0.21 dividend. The ex-dividend date was Friday, November 2nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.27%. Synchrony Financial’s dividend payout ratio (DPR) is currently 32.06%.

Several hedge funds have recently bought and sold shares of the company. Legal & General Group Plc increased its stake in shares of Synchrony Financial by 7.9% in the third quarter. Legal & General Group Plc now owns 4,307,491 shares of the financial services provider’s stock valued at $134,202,000 after buying an additional 313,937 shares during the period. Rehmann Capital Advisory Group increased its stake in shares of Synchrony Financial by 2,911.7% in the third quarter. Rehmann Capital Advisory Group now owns 162,423 shares of the financial services provider’s stock valued at $5,225,000 after buying an additional 157,030 shares during the period. Nordea Investment Management AB increased its stake in shares of Synchrony Financial by 3.1% in the third quarter. Nordea Investment Management AB now owns 946,380 shares of the financial services provider’s stock valued at $29,414,000 after buying an additional 28,083 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its stake in shares of Synchrony Financial by 177.8% in the third quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 579,500 shares of the financial services provider’s stock valued at $18,011,000 after buying an additional 370,900 shares during the period. Finally, Bridges Investment Management Inc. increased its stake in shares of Synchrony Financial by 48.8% in the third quarter. Bridges Investment Management Inc. now owns 134,940 shares of the financial services provider’s stock valued at $4,194,000 after buying an additional 44,243 shares during the period. 85.21% of the stock is owned by hedge funds and other institutional investors.

Synchrony Financial Company Profile

Synchrony Financial operates as a consumer financial services company in the United States. The company offers private label credit cards, dual cards, general purpose co-branded credit cards, and small and medium-sized business credit products; and promotional financing for consumer purchases, such as private label credit cards and installment loans.

Further Reading: Market Capitalization and Individual Investors

Analyst Recommendations for Synchrony Financial (NYSE:SYF)

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