TD Cowen Cuts Synchrony Financial (NYSE:SYF) Price Target to $86.00

by · The Markets Daily

Synchrony Financial (NYSE:SYF – Free Report) had its price objective cut by TD Cowen from $90.00 to $86.00 in a report released on Tuesday morning,Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

Several other analysts have also recently issued reports on SYF. Wells Fargo & Company decreased their price objective on Synchrony Financial from $95.00 to $88.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. Wolfe Research raised their target price on shares of Synchrony Financial from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Tuesday, August 25th. HSBC boosted their price target on shares of Synchrony Financial from $93.00 to $97.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. Robert W. Baird increased their price objective on shares of Synchrony Financial from $86.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. Finally, Royal Bank Of Canada dropped their price objective on shares of Synchrony Financial from $85.00 to $80.00 and set a “sector perform” rating for the company in a research note on Wednesday, July 22nd. Nine equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Synchrony Financial has a consensus rating of “Moderate Buy” and a consensus price target of $88.29.

Read Our Latest Research Report on Synchrony Financial

Synchrony Financial Stock Performance

NYSE:SYF opened at $73.70 on Tuesday. The stock has a 50-day moving average price of $76.56 and a 200 day moving average price of $74.27. The stock has a market capitalization of $23.98 billion, a P/E ratio of 7.55, a P/E/G ratio of 0.62 and a beta of 1.35. Synchrony Financial has a 12-month low of $63.08 and a 12-month high of $88.77. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.08.

Synchrony Financial (NYSE:SYF – Get Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $2.59 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.45. Synchrony Financial had a return on equity of 23.09% and a net margin of 15.44%.The company had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.72 billion. During the same period in the previous year, the firm earned $2.50 EPS. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. Equities research analysts forecast that Synchrony Financial will post 9.4 EPS for the current fiscal year.

Synchrony Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Wednesday, August 5th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Wednesday, August 5th. This is a positive change from Synchrony Financial’s previous quarterly dividend of $0.30. This represents a $1.36 annualized dividend and a yield of 1.8%. Synchrony Financial’s payout ratio is presently 13.93%.

Institutional Investors Weigh In On Synchrony Financial

Several hedge funds and other institutional investors have recently made changes to their positions in the company. World Investment Advisors raised its stake in shares of Synchrony Financial by 0.6% in the first quarter. World Investment Advisors now owns 22,874 shares of the financial services provider’s stock worth $1,556,000 after purchasing an additional 134 shares during the last quarter. WealthTrust Asset Management LLC boosted its position in Synchrony Financial by 0.9% in the first 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 during the last quarter. Parkside Financial Bank & Trust increased its holdings in Synchrony Financial by 13.7% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,526 shares of the financial services provider’s stock worth $116,000 after buying an additional 184 shares during the period. CoreFirst Bank & Trust increased its holdings in Synchrony Financial by 57.8% in the 1st quarter. CoreFirst Bank & Trust now owns 505 shares of the financial services provider’s stock worth $34,000 after buying an additional 185 shares during the period. Finally, Resonant Capital Advisors LLC raised its position in Synchrony Financial by 4.0% during the 1st quarter. Resonant Capital Advisors LLC now owns 6,363 shares of the financial services provider’s stock worth $433,000 after buying an additional 245 shares during the last quarter. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Synchrony Financial Company Profile

(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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