Synchrony Financial (NYSE:SYF) received a $40.00 price target from Barclays PLC in a report released on Monday. The brokerage currently has a “buy” rating on the financial services provider’s stock. Barclays PLC’s price target would indicate a potential upside of 21.07% from the company’s current price.

Several other research analysts also recently issued reports on SYF. Zacks Investment Research raised shares of Synchrony Financial from a “strong sell” rating to a “hold” rating in a research report on Monday. JMP Securities raised their price objective on shares of Synchrony Financial from $35.00 to $37.00 and gave the stock a “market outperform” rating in a research report on Monday. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Synchrony Financial in a research report on Friday. Morgan Stanley raised their price objective on shares of Synchrony Financial from $32.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Monday. Finally, Wells Fargo & Company raised their price objective on shares of Synchrony Financial from $33.00 to $35.00 and gave the stock a “market perform” rating in a research report on Monday. Twelve analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $36.63.

Synchrony Financial (NYSE:SYF) traded down 1.12% during midday trading on Monday, reaching $32.67. 4,361,566 shares of the company’s stock traded hands. Synchrony Financial has a 1-year low of $26.01 and a 1-year high of $38.06. The company has a market capitalization of $25.98 billion, a PE ratio of 12.27 and a beta of 1.01. The firm’s 50 day moving average price is $30.41 and its 200-day moving average price is $29.93.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings data on Friday, October 20th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.06. Synchrony Financial had a net margin of 13.84% and a return on equity of 15.30%. The company had revenue of $3.88 billion for the quarter, compared to the consensus estimate of $3.78 billion. During the same period last year, the firm posted $0.73 EPS. Equities analysts expect that Synchrony Financial will post $2.60 EPS for the current year.

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A number of hedge funds have recently added to or reduced their stakes in SYF. Westside Investment Management Inc. boosted its holdings in Synchrony Financial by 32.1% during the second quarter. Westside Investment Management Inc. now owns 3,567 shares of the financial services provider’s stock worth $104,000 after buying an additional 867 shares in the last quarter. First Quadrant L P CA boosted its holdings in Synchrony Financial by 55.4% during the second quarter. First Quadrant L P CA now owns 3,726 shares of the financial services provider’s stock worth $111,000 after buying an additional 1,328 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in Synchrony Financial by 39.0% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,560 shares of the financial services provider’s stock worth $136,000 after buying an additional 1,280 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in Synchrony Financial by 19.7% during the second quarter. State of Alaska Department of Revenue now owns 5,338 shares of the financial services provider’s stock worth $159,000 after buying an additional 880 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Synchrony Financial by 9.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,387 shares of the financial services provider’s stock worth $160,000 after buying an additional 486 shares in the last quarter. 87.06% of the stock is currently owned by hedge funds and other institutional investors.

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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