Synchrony Financial (SYF) Receives Buy Rating from Jefferies Group
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.
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.
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