Jefferies Group restated their buy rating on shares of Synchrony Financial (NYSE:SYF) in a research note released on Tuesday. Jefferies Group currently has a $44.00 target price on the financial services provider’s stock.

A number of other brokerages have also weighed in on SYF. Wedbush set a $41.00 target price on Synchrony Financial and gave the company a hold rating in a research report on Monday, December 11th. Barclays set a $53.00 target price on Synchrony Financial and gave the company a buy rating in a research report on Tuesday, December 12th. BTIG Research reaffirmed a buy rating and set a $44.00 target price on shares of Synchrony Financial in a research report on Sunday, December 17th. Bank of America raised Synchrony Financial from a neutral rating to a buy rating in a research report on Monday, December 18th. Finally, Wells Fargo & Co lifted their target price on Synchrony Financial from $33.00 to $35.00 and gave the company a market perform rating in a research report on Monday, October 23rd. Eleven research 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 stock has a consensus rating of Buy and a consensus price target of $38.30.

Shares of Synchrony Financial (SYF) opened at $38.97 on Tuesday. Synchrony Financial has a one year low of $26.01 and a one year high of $39.11. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.38. The stock has a market capitalization of $30,208.04, a P/E ratio of 14.87, a P/E/G ratio of 1.95 and a beta of 1.06.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings results on Friday, October 20th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.06. Synchrony Financial had a return on equity of 14.84% and a net margin of 13.17%. The firm had revenue of $3.88 billion during the quarter, compared to analyst estimates of $3.78 billion. During the same period last year, the company earned $0.73 EPS. analysts anticipate that Synchrony Financial will post 2.58 earnings per share for the current fiscal year.

In related news, Director Olympia J. Snowe purchased 3,000 shares of the business’s stock in a transaction dated Friday, November 17th. The shares were acquired at an average cost of $33.40 per share, for a total transaction of $100,200.00. Following the acquisition, the director now owns 10,608 shares of the company’s stock, valued at approximately $354,307.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jonathan S. Mothner sold 1,000 shares of Synchrony Financial stock in a transaction on Friday, October 20th. The shares were sold at an average price of $33.50, for a total value of $33,500.00. Following the completion of the transaction, the insider now owns 113,578 shares in the company, valued at $3,804,863. The disclosure for this sale can be found here. Insiders sold a total of 6,961 shares of company stock worth $244,508 over the last quarter. Company insiders own 0.03% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Berkshire Hathaway Inc. purchased a new position in Synchrony Financial during the 2nd quarter worth $520,747,000. Raymond James Financial Services Advisors Inc. grew its stake in Synchrony Financial by 13.9% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 466,387 shares of the financial services provider’s stock worth $14,481,000 after buying an additional 56,959 shares during the last quarter. Janus Henderson Group PLC grew its stake in Synchrony Financial by 1,820.5% during the 2nd quarter. Janus Henderson Group PLC now owns 10,934,573 shares of the financial services provider’s stock worth $326,070,000 after buying an additional 10,365,219 shares during the last quarter. Great West Life Assurance Co. Can grew its stake in Synchrony Financial by 1.6% during the 3rd quarter. Great West Life Assurance Co. Can now owns 610,025 shares of the financial services provider’s stock worth $18,999,000 after buying an additional 9,518 shares during the last quarter. Finally, K.J. Harrison & Partners Inc purchased a new position in Synchrony Financial during the 3rd quarter worth $2,369,000. Institutional investors and hedge funds own 85.46% of the company’s stock.

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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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