Barclays set a $53.00 price objective on Synchrony Financial (NYSE:SYF) in a research note released on Monday morning. The firm currently has a buy rating on the financial services provider’s stock.

Other equities research analysts also recently issued reports about the stock. Oppenheimer reiterated a hold rating on shares of Synchrony Financial in a report on Monday. Wedbush set a $41.00 price target on shares of Synchrony Financial and gave the stock a hold rating in a report on Monday, December 11th. JMP Securities lifted their price target on shares of Synchrony Financial from $35.00 to $37.00 and gave the stock a market outperform rating in a report on Monday, October 23rd. Zacks Investment Research upgraded shares of Synchrony Financial from a strong sell rating to a hold rating in a report on Monday, October 23rd. Finally, Wells Fargo & Co boosted their target price on shares of Synchrony Financial from $33.00 to $35.00 and gave the company a market perform rating in a report on Monday, October 23rd. Ten analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Synchrony Financial has a consensus rating of Buy and a consensus price target of $38.30.

Shares of Synchrony Financial (NYSE SYF) traded up $0.21 during midday trading on Monday, hitting $39.73. 3,640,672 shares of the stock were exchanged, compared to its average volume of 8,158,021. The stock has a market capitalization of $31,050.00, a P/E ratio of 16.42, a PEG ratio of 1.47 and a beta of 1.06. Synchrony Financial has a 1-year low of $26.01 and a 1-year high of $40.17. The company has a current ratio of 1.45, a quick ratio of 1.47 and a debt-to-equity ratio of 1.46.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings results on Friday, January 19th. The financial services provider reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.07. The business had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.96 billion. Synchrony Financial had a net margin of 11.75% and a return on equity of 14.62%. During the same period in the previous year, the firm posted $0.70 earnings per share. analysts expect that Synchrony Financial will post 3.42 EPS for the current fiscal year.

In other Synchrony Financial news, insider David P. Melito sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $40.00, for a total transaction of $80,000.00. Following the completion of the sale, the insider now directly owns 39,259 shares in the company, valued at $1,570,360. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider David P. Melito sold 1,881 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $38.00, for a total transaction of $71,478.00. Following the sale, the insider now owns 43,140 shares of the company’s stock, valued at $1,639,320. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,961 shares of company stock valued at $291,008. 0.03% of the stock is owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Berkshire Hathaway Inc. purchased a new stake in Synchrony Financial during the second quarter worth approximately $520,747,000. Raymond James Financial Services Advisors Inc. grew its stake in Synchrony Financial by 13.9% during the third 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 period. Janus Henderson Group PLC grew its stake in Synchrony Financial by 1,820.5% during the second 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 period. Great West Life Assurance Co. Can grew its stake in Synchrony Financial by 1.6% during the third 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 period. Finally, Stifel Financial Corp grew its stake in Synchrony Financial by 531.9% during the third quarter. Stifel Financial Corp now owns 577,096 shares of the financial services provider’s stock worth $17,910,000 after buying an additional 485,775 shares during the period. Institutional investors own 85.61% 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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