Synchrony Financial (NYSE:SYF) Stock Price Target Lowered at JPMorgan Chase & Co.

Synchrony Financial (NYSE:SYF) had its target price dropped by research analysts at JPMorgan Chase & Co. from $78.00 to $74.00 in a report released on Monday, Benzinga reports. The firm currently has a “neutral” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price target indicates a potential downside of 0.31% from the company’s current price.

A number of other equities research analysts have also recently issued reports on SYF. Royal Bank Of Canada reduced their target price on shares of Synchrony Financial from $85.00 to $80.00 and set a “sector perform” rating for the company in a research report on Wednesday, July 22nd. BMO Capital Markets initiated coverage on shares of Synchrony Financial in a research note on Friday. They issued a “market perform” rating and a $81.00 price objective on the stock. Wells Fargo & Company lowered their price target on Synchrony Financial from $95.00 to $88.00 and set an “overweight” rating for the company in a report on Wednesday, July 22nd. Weiss Ratings raised shares of Synchrony Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday. Finally, UBS Group decreased their price target on shares of Synchrony Financial from $87.00 to $81.00 and set a “neutral” rating on the stock in a report on Monday, October 5th. Nine research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Synchrony Financial presently has an average rating of “Moderate Buy” and a consensus price target of $87.53.

Synchrony Financial Stock Performance

Synchrony Financial stock traded up $1.43 during midday trading on Monday, reaching $74.23. 765,700 shares of the company’s stock were exchanged, compared to its average volume of 3,893,761. The stock’s 50-day simple moving average is $76.50 and its 200 day simple moving average is $74.32. The firm has a market cap of $24.15 billion, a price-to-earnings ratio of 7.60, a P/E/G ratio of 0.63 and a beta of 1.35. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.22 and a current ratio of 1.22. Synchrony Financial has a 52 week low of $63.08 and a 52 week high of $88.77.

Synchrony Financial (NYSE:SYF) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $2.59 EPS for the quarter, topping the consensus estimate of $2.14 by $0.45. Synchrony Financial had a return on equity of 23.09% and a net margin of 15.44%. The company had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same period in the previous year, the company posted $2.50 EPS. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. On average, analysts expect that Synchrony Financial will post 9.40 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. GK Wealth Management LLC bought a new position in shares of Synchrony Financial in the third quarter valued at $31,000. Riversedge Advisors LLC raised its holdings in shares of Synchrony Financial by 3.8% in the third quarter. Riversedge Advisors LLC now owns 5,022 shares of the financial services provider’s stock valued at $356,000 after purchasing an additional 184 shares during the last quarter. Wedmont Private Capital increased its stake in Synchrony Financial by 4.6% in the 3rd quarter. Wedmont Private Capital now owns 10,689 shares of the financial services provider’s stock valued at $788,000 after buying an additional 467 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Synchrony Financial by 7.0% during the third quarter. GAMMA Investing LLC now owns 20,306 shares of the financial services provider’s stock worth $1,441,000 after acquiring an additional 1,325 shares during the period. Finally, CoreCap Advisors LLC boosted its holdings in shares of Synchrony Financial by 54.8% in the 3rd quarter. CoreCap Advisors LLC now owns 780 shares of the financial services provider’s stock worth $55,000 after buying an additional 276 shares during the last quarter. Institutional investors own 96.48% of the company’s stock.

Synchrony Financial Company Profile

Synchrony Financial (NYSE: SYF) is a consumer financial services company that provides credit products and related services through partnerships with retailers, manufacturers, healthcare providers and other businesses. The company is best known for private-label credit cards and dual-use credit cards that allow consumers to finance purchases with participating brands.

Synchrony’s offerings also include promotional financing, installment loans and other consumer payment solutions. Its products support spending across areas such as retail, home improvement, consumer electronics, healthcare, automotive and lifestyle purchases.