Synchrony Financial (SYF)

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Synchrony Financial Reaches New 12-Month High at $32.00 (SYF)
February 5th, 2015
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Shares of Synchrony Financial (NYSE:SYF) hit a new 52-week high during trading on Thursday , Stock Ratings News reports. The company traded as high as $32.00 and last traded at $31.92, with a volume of 367,543 shares traded. The stock had previously closed at $31.25.

A number of research firms have recently commented on SYF. Analysts at Susquehanna initiated coverage on shares of Synchrony Financial in a research note on Wednesday, January 28th. They set a “positive” rating and a $31.32 price target on the stock. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Synchrony Financial from $34.00 to $35.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Analysts at JPMorgan Chase & Co. raised their price target on shares of Synchrony Financial from $30.00 to $33.50 and gave the company an “overweight” rating in a research note on Monday, January 26th. Finally, analysts at Barclays raised their price target on shares of Synchrony Financial from $27.00 to $30.00 and gave the company an “equal weight” rating in a research note on Monday, January 26th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $31.25.

The stock has a 50-day moving average of $29.98 and a 200-day moving average of $27.02. The company has a market cap of $26.682 billion and a price-to-earnings ratio of 11.24.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings results on Friday, January 23rd. The company reported $0.64 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.60 by $0.04. The company had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.81 billion. The company’s quarterly revenue was up 4.3% on a year-over-year basis. Analysts expect that Synchrony Financial will post $2.57 EPS for the current fiscal year.

Synchrony Financial (NYSE:SYF) is a consumer financial services companies in the United States. The Company provides a range of credit products through programs it has established with a diverse group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers.





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