The Goldman Sachs Group Lowers Synchrony Financial (NYSE:SYF) Price Target to $70.00

Synchrony Financial (NYSE:SYF) had its target price decreased by analysts at The Goldman Sachs Group from $82.00 to $70.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. The Goldman Sachs Group’s price target suggests a potential upside of 28.53% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. Wells Fargo & Company upgraded shares of Synchrony Financial from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $60.00 to $85.00 in a research note on Tuesday, December 3rd. Morgan Stanley raised Synchrony Financial from an “underweight” rating to an “overweight” rating and upped their target price for the company from $40.00 to $82.00 in a research report on Thursday, December 19th. Barclays upgraded Synchrony Financial from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $59.00 to $79.00 in a research note on Monday, January 6th. UBS Group raised their price objective on Synchrony Financial from $58.00 to $66.00 and gave the stock a “neutral” rating in a research note on Monday, January 13th. Finally, Keefe, Bruyette & Woods upped their target price on Synchrony Financial from $62.00 to $82.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Six research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Synchrony Financial has a consensus rating of “Moderate Buy” and a consensus price target of $68.70.

Synchrony Financial Stock Performance

Shares of SYF opened at $54.46 on Tuesday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.01. The firm has a market cap of $21.17 billion, a PE ratio of 6.38, a P/E/G ratio of 0.71 and a beta of 1.67. Synchrony Financial has a 12 month low of $39.67 and a 12 month high of $70.93. The stock has a fifty day moving average price of $62.85 and a 200-day moving average price of $60.22.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.02. Synchrony Financial had a return on equity of 18.30% and a net margin of 15.36%. Equities research analysts predict that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Institutional Trading of Synchrony Financial

Institutional investors and hedge funds have recently made changes to their positions in the business. California State Teachers Retirement System grew its stake in Synchrony Financial by 3.1% in the 4th quarter. California State Teachers Retirement System now owns 542,243 shares of the financial services provider’s stock valued at $35,246,000 after acquiring an additional 16,140 shares during the period. 111 Capital purchased a new position in Synchrony Financial during the fourth quarter valued at $1,271,000. Wealth Enhancement Advisory Services LLC grew its position in shares of Synchrony Financial by 220.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 64,145 shares of the financial services provider’s stock valued at $4,169,000 after purchasing an additional 44,150 shares during the period. Lansforsakringar Fondforvaltning AB publ purchased a new stake in shares of Synchrony Financial during the fourth quarter worth about $371,000. Finally, Centaurus Financial Inc. raised its position in shares of Synchrony Financial by 3.4% during the 4th quarter. Centaurus Financial Inc. now owns 10,420 shares of the financial services provider’s stock worth $677,000 after purchasing an additional 342 shares during the last quarter. 96.48% of the stock is currently owned by hedge funds and other institutional investors.

Synchrony Financial Company Profile

Synchrony Financial, together with its subsidiaries, operates as a consumer financial services company in the United States. It provides credit products, such as credit cards, commercial credit products, and consumer installment loans. The company also offers private label credit cards, dual co-brand and general purpose credit cards, short- and long-term installment loans, and consumer banking products; and deposit products, including certificates of deposit, individual retirement accounts, money market accounts, and savings accounts, and sweep and affinity deposits, as well as accepts deposits through third-party securities brokerage firms.