Synchrony Financial (SYF): Street Finally Waking Up

Currently, there are 406.88M common shares owned by the public and among those 392.43M shares have been available to trade.

The company’s stock has a 5-day price change of -6.39% and 4.08% over the past three months. SYF shares are trading 20.84% year to date (YTD), with the 12-month market performance up to 47.54% higher. It has a 12-month low price of $27.30 and touched a high of $52.67 over the same period. SYF has an average intraday trading volume of 3.53 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -3.65%, -4.50%, and 8.87% respectively.

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Institutional ownership of Synchrony Financial (NYSE: SYF) shares accounts for 101.84% of the company’s 406.88M shares outstanding.

It has a market capitalization of $18.24B and a beta (3y monthly) value of 1.61. The stock’s trailing 12-month PE ratio is 6.41, while the earnings-per-share (ttm) stands at $7.20. The company has a PEG of 0.49 and the debt-to-equity ratio at 1.01. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.09% over the week and 2.52% over the month.

Analysts forecast that Synchrony Financial (SYF) will achieve an EPS of 1.79 for the current quarter, 1.28 for the next quarter and 5.94 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 1.43 while analysts give the company a high EPS estimate of 1.43. Comparatively, EPS for the current quarter was 1.48 a year ago. Earnings per share for the fiscal year are expected to increase by 22.73%, and -6.42% over the next financial year. EPS should grow at an annualized rate of 13.00% over the next five years, compared to 6.75% over the past 5-year period.

Looking at the support for the SYF, a number of firms have released research notes about the stock. BofA Securities stated their Buy rating for the stock in a research note on August 09, 2024, with the firm’s price target at $54. Compass Point coverage for the Synchrony Financial (SYF) stock in a research note released on July 16, 2024 offered a Buy rating with a price target of $56. Robert W. Baird was of a view on June 28, 2024 that the stock is Outperform, while BTIG Research gave the stock Buy rating on June 07, 2024, issuing a price target of $60. Keefe Bruyette on their part issued Outperform rating on May 02, 2024.

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