Deutsche Bank Aktiengesellschaft Increases Synchrony Financial (NYSE:SYF) Price Target to $68.00

Synchrony Financial (NYSE:SYF) had its target price increased by Deutsche Bank Aktiengesellschaft from $58.00 to $68.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 20.52% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. Baird R W upgraded shares of Synchrony Financial to a “strong-buy” rating in a report on Friday, June 28th. Barclays raised their price objective on Synchrony Financial from $46.00 to $49.00 and gave the company an “equal weight” rating in a research report on Thursday, July 18th. BTIG Research downgraded Synchrony Financial from a “buy” rating to a “neutral” rating in a report on Monday, September 16th. Wells Fargo & Company raised their price target on Synchrony Financial from $49.00 to $53.00 and gave the company an “equal weight” rating in a report on Thursday, July 18th. Finally, Compass Point upped their price target on shares of Synchrony Financial from $56.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $56.25.

Synchrony Financial Trading Down 0.5 %

SYF opened at $56.42 on Thursday. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.09. Synchrony Financial has a 52 week low of $27.30 and a 52 week high of $57.26. The stock has a market cap of $22.30 billion, a PE ratio of 7.84, a PEG ratio of 1.26 and a beta of 1.61. The business has a 50 day moving average of $49.43 and a 200-day moving average of $46.60.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.94 EPS for the quarter, beating the consensus estimate of $1.77 by $0.17. The business had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.76 billion. Synchrony Financial had a return on equity of 16.06% and a net margin of 13.52%. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.48 earnings per share. Equities research analysts predict that Synchrony Financial will post 5.81 earnings per share for the current fiscal year.

Insider Activity at Synchrony Financial

In other Synchrony Financial news, insider Brian J. Sr. Wenzel sold 74,698 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $46.73, for a total value of $3,490,637.54. Following the transaction, the insider now directly owns 76,251 shares of the company’s stock, valued at approximately $3,563,209.23. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Synchrony Financial news, insider Bart Schaller sold 930 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $50.84, for a total transaction of $47,281.20. Following the completion of the sale, the insider now directly owns 49,390 shares of the company’s stock, valued at approximately $2,510,987.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian J. Sr. Wenzel sold 74,698 shares of Synchrony Financial stock in a transaction on Monday, August 19th. The stock was sold at an average price of $46.73, for a total transaction of $3,490,637.54. Following the transaction, the insider now owns 76,251 shares in the company, valued at $3,563,209.23. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.33% of the stock is owned by company insiders.

Institutional Investors Weigh In On Synchrony Financial

Hedge funds and other institutional investors have recently modified their holdings of the stock. Quent Capital LLC grew its holdings in Synchrony Financial by 15.4% during the first quarter. Quent Capital LLC now owns 1,604 shares of the financial services provider’s stock valued at $69,000 after purchasing an additional 214 shares during the period. Wedmont Private Capital grew its stake in shares of Synchrony Financial by 3.3% during the 3rd quarter. Wedmont Private Capital now owns 7,508 shares of the financial services provider’s stock valued at $387,000 after acquiring an additional 242 shares during the period. 1832 Asset Management L.P. increased its holdings in Synchrony Financial by 0.5% in the 2nd quarter. 1832 Asset Management L.P. now owns 52,242 shares of the financial services provider’s stock worth $2,465,000 after acquiring an additional 251 shares in the last quarter. Gulf International Bank UK Ltd raised its stake in Synchrony Financial by 0.7% during the 1st quarter. Gulf International Bank UK Ltd now owns 35,223 shares of the financial services provider’s stock worth $1,518,000 after acquiring an additional 262 shares during the period. Finally, Certuity LLC lifted its holdings in Synchrony Financial by 0.8% during the second quarter. Certuity LLC now owns 31,326 shares of the financial services provider’s stock valued at $1,478,000 after purchasing an additional 264 shares in the last quarter. 96.48% of the stock is currently owned by hedge funds and other institutional investors.

About Synchrony Financial

Synchrony Financial, together with its subsidiaries, operates as a consumer financial services company in the United States. It provides credit products, such as credit cards, commercial credit products, and consumer installment loans. The company also offers private label credit cards, dual co-brand and general purpose credit cards, short- and long-term installment loans, and consumer banking products; and deposit products, including certificates of deposit, individual retirement accounts, money market accounts, and savings accounts, and sweep and affinity deposits, as well as accepts deposits through third-party securities brokerage firms.