Synchrony Financial (SYF)

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Synchrony Financial Given Consensus Rating of “Buy” by Brokerages (NYSE:SYF)
September 13th, 2014 -- by Hanz Christensen

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Synchrony Financial (NYSE:SYF) has earned a consensus recommendation of “Buy” from the twelve ratings firms that are covering the company, StockRatingsNetwork reports. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $28.91.

Synchrony Financial (NYSE:SYF) traded down 0.61% on Tuesday, hitting $24.50. 1,106,815 shares of the company’s stock traded hands. Synchrony Financial has a 1-year low of $22.60 and a 1-year high of $26.02. The stock’s 50-day moving average is $24.30 and its 200-day moving average is $24.30. The company has a market cap of $20.427 billion and a price-to-earnings ratio of 10.44.

A number of analysts have recently weighed in on SYF shares. Analysts at BMO Capital Markets initiated coverage on shares of Synchrony Financial in a research note on Tuesday. They set a “market perform” rating on the stock. Separately, analysts at Bank of America initiated coverage on shares of Synchrony Financial in a research note on Tuesday. They set a “buy” rating and a $30.00 price target on the stock. Finally, analysts at Citigroup Inc. initiated coverage on shares of Synchrony Financial in a research note on Tuesday. They set a “buy” rating and a $30.00 price target on the stock.

Synchrony Financial (NYSE:SYF) is a consumer financial services companies in the United States.





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