Synchrony Financial (NYSE:SYF) Stock Moved Up to Hold by BMO Capital Markets

by · The Markets Daily

Synchrony Financial (NYSE:SYF – Get Free Report) was upgraded by analysts at BMO Capital Markets to a “hold” rating in a research note issued to investors on Thursday, Zacks reports.

Other equities research analysts have also issued reports about the company. Wells Fargo & Company reduced their price objective on Synchrony Financial from $95.00 to $88.00 and set an “overweight” rating for the company in a research note on Wednesday, July 22nd. Robert W. Baird boosted their target price on shares of Synchrony Financial from $86.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. UBS Group cut their price target on Synchrony Financial from $87.00 to $81.00 and set a “neutral” rating for the company in a report on Monday, October 5th. TD Cowen dropped their price objective on shares of Synchrony Financial from $90.00 to $86.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, HSBC boosted their target price on Synchrony Financial from $93.00 to $97.00 and gave the company a “buy” rating in a research report on Monday, July 13th. Nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Synchrony Financial presently has an average rating of “Moderate Buy” and an average price target of $87.80.

Get Our Latest Analysis on SYF

Synchrony Financial Stock Performance

Shares of SYF stock opened at $72.78 on Thursday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.08. Synchrony Financial has a 52 week low of $63.08 and a 52 week high of $88.77. The firm has a market capitalization of $23.68 billion, a PE ratio of 7.46, a P/E/G ratio of 0.63 and a beta of 1.35. The company has a 50 day moving average price of $76.50 and a 200-day moving average price of $74.26.

Synchrony Financial (NYSE:SYF – Get Free Report) last announced its earnings results on Tuesday, July 21st. The financial services provider reported $2.59 earnings per share for the quarter, beating analysts’ consensus estimates of $2.14 by $0.45. The business had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.72 billion. Synchrony Financial had a net margin of 15.44% and a return on equity of 23.09%. During the same period in the previous year, the business earned $2.50 EPS. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. As a group, equities research analysts expect that Synchrony Financial will post 9.40 earnings per share for the current year.

Institutional Investors Weigh In On Synchrony Financial

A number of institutional investors and hedge funds have recently modified their holdings of SYF. World Investment Advisors grew its stake in Synchrony Financial by 0.6% during the 1st quarter. World Investment Advisors now owns 22,874 shares of the financial services provider’s stock worth $1,556,000 after buying an additional 134 shares during the last quarter. WealthTrust Asset Management LLC increased its position in Synchrony Financial by 0.9% during the 1st quarter. WealthTrust Asset Management LLC now owns 17,452 shares of the financial services provider’s stock valued at $1,187,000 after buying an additional 156 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in Synchrony Financial by 13.7% in the second quarter. Parkside Financial Bank & Trust now owns 1,526 shares of the financial services provider’s stock valued at $116,000 after buying an additional 184 shares during the last quarter. Riversedge Advisors LLC raised its stake in Synchrony Financial by 3.8% in the third quarter. Riversedge Advisors LLC now owns 5,022 shares of the financial services provider’s stock valued at $356,000 after buying an additional 184 shares during the last quarter. Finally, CoreFirst Bank & Trust boosted its holdings in Synchrony Financial by 57.8% in the first quarter. CoreFirst Bank & Trust now owns 505 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 185 shares in the last quarter. 96.48% of the stock is owned by institutional investors.

About Synchrony Financial

(Get Free Report)

Synchrony Financial (NYSE: SYF) is a consumer financial services company that provides credit products and related services through partnerships with retailers, manufacturers, healthcare providers and other businesses. The company is best known for private-label credit cards and dual-use credit cards that allow consumers to finance purchases with participating brands.

Synchrony’s offerings also include promotional financing, installment loans and other consumer payment solutions. Its products support spending across areas such as retail, home improvement, consumer electronics, healthcare, automotive and lifestyle purchases.

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