Synchrony Financial (NYSE:SYF) Stock Rating Upgraded by BMO Capital Markets

Synchrony Financial (NYSE:SYF) was upgraded by stock analysts at BMO Capital Markets to a “hold” rating in a report released on Thursday, Zacks reports.

Other equities analysts also recently issued reports about the stock. Weiss Ratings raised shares of Synchrony Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday. HSBC boosted their price objective on Synchrony Financial from $93.00 to $97.00 and gave the stock a “buy” rating in a report on Monday, July 13th. Royal Bank Of Canada cut their price objective on shares of Synchrony Financial from $85.00 to $80.00 and set a “sector perform” rating on the stock in a report on Wednesday, July 22nd. UBS Group decreased their price objective on Synchrony Financial from $87.00 to $81.00 and set a “neutral” rating for the company in a research note on Monday, October 5th. Finally, Wells Fargo & Company reduced their price objective on shares of Synchrony Financial from $95.00 to $88.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. Nine research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $87.80.

Synchrony Financial Price Performance

Shares of Synchrony Financial stock opened at $72.78 on Thursday. The stock has a market capitalization of $23.68 billion, a price-to-earnings ratio of 7.46, a P/E/G ratio of 0.63 and a beta of 1.35. The firm’s 50-day moving average price is $76.50 and its two-hundred day moving average price is $74.26. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.08. Synchrony Financial has a 1-year low of $63.08 and a 1-year high of $88.77.

Synchrony Financial (NYSE:SYF) last announced 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 business had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same period in the previous year, the business earned $2.50 EPS. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. On average, equities analysts predict that Synchrony Financial will post 9.40 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Synchrony Financial

A number of institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Synchrony Financial in the 2nd quarter valued at about $2,349,452,000. Bank of America Corp DE acquired a new position in Synchrony Financial during the second quarter worth approximately $1,122,961,000. Dimensional Fund Advisors LP raised its stake in Synchrony Financial by 6.4% in the first quarter. Dimensional Fund Advisors LP now owns 6,039,753 shares of the financial services provider’s stock valued at $410,760,000 after buying an additional 365,353 shares during the period. First Trust Advisors LP lifted its position in shares of Synchrony Financial by 5.6% in the first quarter. First Trust Advisors LP now owns 5,338,110 shares of the financial services provider’s stock valued at $363,098,000 after buying an additional 281,451 shares during the last quarter. Finally, Assetmark Inc. increased its holdings in shares of Synchrony Financial by 0.9% during the 1st quarter. Assetmark Inc. now owns 4,338,604 shares of the financial services provider’s stock worth $295,112,000 after acquiring an additional 37,114 shares during the last quarter. 96.48% of the stock is currently owned by institutional investors and hedge funds.

About Synchrony Financial

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.