Synchrony Financial (NYSE:SYF) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Saturday.

A number of other equities analysts have also weighed in on the stock. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Synchrony Financial in a research report on Sunday, April 30th. Deutsche Bank AG dropped their target price on shares of Synchrony Financial from $47.00 to $35.00 and set a “hold” rating for the company in a research report on Monday, May 1st. BTIG Research dropped their target price on shares of Synchrony Financial from $42.00 to $36.00 and set a “buy” rating for the company in a research report on Monday, May 1st. Jefferies Group LLC restated a “buy” rating and set a $40.00 target price on shares of Synchrony Financial in a research report on Friday, June 9th. Finally, ValuEngine upgraded shares of Synchrony Financial from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. Nine research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Synchrony Financial has a consensus rating of “Buy” and an average price target of $37.55.

Shares of Synchrony Financial (NYSE SYF) opened at 30.54 on Friday. The company has a 50 day moving average price of $30.03 and a 200 day moving average price of $31.35. The company has a market capitalization of $24.29 billion, a PE ratio of 11.47 and a beta of 1.01. Synchrony Financial has a 52 week low of $26.01 and a 52 week high of $38.06.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings data on Friday, July 21st. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.03. The firm had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.59 billion. Synchrony Financial had a net margin of 13.43% and a return on equity of 13.87%. During the same period in the prior year, the company posted $0.58 earnings per share. On average, equities research analysts expect that Synchrony Financial will post $2.60 earnings per share for the current year.

Synchrony Financial announced that its board has initiated a stock buyback program on Thursday, May 18th that permits the company to repurchase $1.64 billion in shares. This repurchase authorization permits the financial services provider to buy up to 7.6% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

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In other news, Director Paget Leonard Alves bought 2,000 shares of the stock in a transaction dated Monday, July 24th. The stock was purchased at an average price of $30.85 per share, for a total transaction of $61,700.00. Following the acquisition, the director now owns 8,521 shares of the company’s stock, valued at $262,872.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.03% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Synchrony Financial by 1.9% in the second quarter. Vanguard Group Inc. now owns 52,233,692 shares of the financial services provider’s stock valued at $1,557,609,000 after buying an additional 956,331 shares during the period. BlackRock Inc. raised its stake in Synchrony Financial by 2,275.1% in the first quarter. BlackRock Inc. now owns 48,272,035 shares of the financial services provider’s stock valued at $1,655,730,000 after buying an additional 46,239,640 shares during the period. FMR LLC raised its stake in Synchrony Financial by 27.1% in the second 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 period. Berkshire Hathaway Inc. purchased a new stake in Synchrony Financial during the second quarter valued at about $520,747,000. Finally, First Eagle Investment Management LLC raised its stake in Synchrony Financial by 1.2% in the second quarter. First Eagle Investment Management LLC now owns 17,303,205 shares of the financial services provider’s stock valued at $515,982,000 after buying an additional 197,074 shares during the period. Hedge funds and other institutional investors own 89.63% of the company’s stock.

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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