Jefferies Group reaffirmed their buy rating on shares of Synchrony Financial (NYSE:SYF) in a research report released on Tuesday morning. Jefferies Group currently has a $44.00 target price on the financial services provider’s stock.

A number of other analysts have also recently weighed in on the company. Bank of America raised Synchrony Financial from a neutral rating to a buy rating in a research report on Monday, December 18th. BTIG Research reissued a buy rating and issued a $44.00 price objective on shares of Synchrony Financial in a research report on Sunday, December 17th. Barclays set a $53.00 price objective on Synchrony Financial and gave the stock a buy rating in a research report on Tuesday, December 12th. Wedbush set a $41.00 price objective on Synchrony Financial and gave the stock a hold rating in a research report on Monday, December 11th. Finally, Oppenheimer reissued a hold rating on shares of Synchrony Financial in a research report on Tuesday, October 31st. Eleven equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of Buy and an average price target of $38.30.

Shares of Synchrony Financial (NYSE:SYF) opened at $38.71 on Tuesday. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.47 and a quick ratio of 1.47. The firm has a market capitalization of $30,220.00, a price-to-earnings ratio of 14.72, a PEG ratio of 1.96 and a beta of 1.06. Synchrony Financial has a 52-week low of $26.01 and a 52-week high of $38.97.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings data on Friday, October 20th. The financial services provider reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.06. The firm had revenue of $3.88 billion during the quarter, compared to analysts’ expectations of $3.78 billion. Synchrony Financial had a return on equity of 14.84% and a net margin of 13.17%. During the same quarter last year, the firm earned $0.73 EPS. research analysts expect that Synchrony Financial will post 2.58 earnings per share for the current fiscal year.

In other Synchrony Financial news, insider Jonathan S. Mothner sold 1,500 shares of Synchrony Financial stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $32.82, for a total transaction of $49,230.00. Following the completion of the transaction, the insider now owns 113,934 shares in the company, valued at approximately $3,739,313.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider David P. Melito sold 1,881 shares of Synchrony Financial stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $38.00, for a total value of $71,478.00. Following the transaction, the insider now owns 43,140 shares of the company’s stock, valued at approximately $1,639,320. The disclosure for this sale can be found here. Insiders sold a total of 6,961 shares of company stock valued at $244,508 in the last 90 days. 0.03% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SYF. Berkshire Hathaway Inc. purchased a new position in shares of Synchrony Financial during the 2nd quarter valued at about $520,747,000. Janus Henderson Group PLC raised its stake in shares of Synchrony Financial by 1,820.5% during the 2nd quarter. Janus Henderson Group PLC now owns 10,934,573 shares of the financial services provider’s stock valued at $326,070,000 after buying an additional 10,365,219 shares during the last quarter. FMR LLC raised its stake in shares of Synchrony Financial by 27.1% during the 2nd quarter. FMR LLC now owns 36,964,054 shares of the financial services provider’s stock valued at $1,102,267,000 after buying an additional 7,874,689 shares during the last quarter. Capital World Investors purchased a new position in shares of Synchrony Financial during the 2nd quarter valued at about $202,269,000. Finally, Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Synchrony Financial by 2,777.1% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,109,742 shares of the financial services provider’s stock valued at $128,144,000 after buying an additional 3,966,900 shares during the last quarter. Institutional investors and hedge funds own 85.46% of the company’s stock.

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About Synchrony Financial

Synchrony Financial is a consumer financial services company. The Company provides a range of credit products through programs it has established with a group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers. The Company’s revenue activities are managed through three sales platforms: Retail Card, Payment Solutions and CareCredit.

Analyst Recommendations for Synchrony Financial (NYSE:SYF)

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