There has been a significant shift in the fundamentals for Synchrony Financial (NYSE:SYF)

Synchrony Financial (NYSE:SYF) shares traded 3.97% higher at $29.08 on Wall Street last session.

In accordance with the data, 23 analysts cover Synchrony Financial (NYSE:SYF). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $54.00 and a low of $27.00, we find $34.00. Given the previous closing price of $27.97, this indicates a potential upside of 21.56 percent. SYF stock price is now -4.53% away from the 50-day moving average and -9.22% away from the 200-day moving average. The market capitalization of the company currently stands at $12.03B.

It has been rated a hold by 10 analysts and a buy by 9. Brokers who have rated the stock have averaged $35.30 as their price target over the next twelve months.

With the price target of $34, TD Cowen recently initiated with Outperform rating for Synchrony Financial (NYSE: SYF).

In other news, MELITO DAVID P, insider sold 15,015 shares of the company’s stock on Aug 09. The stock was sold for $525,525 at an average price of $35.00. Upon completion of the transaction, the insider now directly owns 13,960 shares in the company, valued at $0.41 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 01, DOUBLES BRIAN D sold 36,610 shares of the business’s stock. A total of $1,263,045 was realized by selling the stock at an average price of $34.50. This leaves the insider owning 565,240 shares of the company worth $16.44 million. Insiders disposed of 842,040 shares of company stock worth roughly $24.49 million over the past 1 year. A total of 0.71% of the company’s stock is owned by insiders.

Synchrony Financial (NYSE: SYF) opened at $28.47 on Thursday. During the past 12 months, Synchrony Financial has had a low of $26.59 and a high of $40.88. The fifty day moving average price for SYF is $30.40 and a two-hundred day moving average price translates $32.01 for the stock.

The latest earnings results from Synchrony Financial (NYSE: SYF) was released for Sep, 2023. According to the Credit Services Company, earnings per share came in at $1.32, beating analysts’ expectations of $1.24 by 0.08. This compares to $1.47 EPS in the same period last year. The net profit margin was 14.33% and return on equity was 17.74% for SYF. The company reported revenue of $5.35 billion for the quarter, compared to $4.34 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 23.31 percent. For the current quarter, analysts expect SYF to generate $4.39B in revenue.

Synchrony Financial(SYF) 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 cards, 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 to retail and commercial customers, as well as accepts deposits through third-party securities brokerage firms. In addition, it provides debt cancellation products to its credit card customers through online, mobile, and direct mail; and healthcare payments and financing solutions under the CareCredit, Pets Best, and Walgreens brands; payments and financing solutions in the apparel, specialty retail, outdoor, music, and luxury industries. The company offers its credit products through programs established with a group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations, and healthcare service providers; and deposit products through various channels, such as digital and print. It serves digital, health and wellness, retail, home, auto, powersports, jewelry, pets, and other industries. The company was founded in 1932 and is headquartered in Stamford, Connecticut.

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