Better Times Ahead For Synchrony Financial (NYSE: SYF)?

Synchrony Financial (SYF) concluded trading on Thursday at a closing price of $39.85, with 3.29 million shares of worth about $131.22 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 21.24% during that period and on Thursday the price saw a gain of about 1.32%. Currently the company’s common shares owned by public are about 406.88M shares, out of which, 403.75M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 152 times over the past 12 months. They bought 494,960 shares in 115 of the transactions. In 37 selling transactions, insiders dumped 418,752 shares.

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Stock saw a price change of 2.49% in past 5 days and over the past one month there was a price change of 9.27%. Year-to-date (YTD), SYF shares are showing a performance of 4.35% which increased to 9.72% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $26.59 but also hit the highest price of $39.88 during that period. The average intraday trading volume for Synchrony Financial shares is 4.48 million. The stock is currently trading 3.45% above its 20-day simple moving average (SMA20), while that difference is up 5.80% for SMA50 and it goes to 20.60% higher than SMA200.

Synchrony Financial (NYSE: SYF) currently have 406.88M outstanding shares and institutions hold larger chunk of about 98.76% of that.

The stock has a current market capitalization of $16.21B and its 3Y-monthly beta is at 1.61. PE ratio of stock for trailing 12 months is 7.69, while it has posted earnings per share of $5.18 in the same period. It has a debt-to-equity ratio of 1.15. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SYF, volatility over the week remained 1.85% while standing at 2.45% over the month.

Analysts are in expectations that Synchrony Financial (SYF) stock would likely to be making an EPS of $1.58 in the current quarter, while forecast for next quarter EPS is $1.33 and it is $6.36 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.94 which is $3.19 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.35 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 8.37% while it is estimated to increase by 13.75% in next year. EPS is likely to shrink at an annualized rate of -3.62% for next 5-years, compared to annual growth of 6.75% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Morgan Stanley on February 08, 2024 offering an Underweight rating for the stock and assigned a target price of $30 to it.

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