In yesterday’s Wall Street session, Synchrony Financial (NYSE:SYF) shares traded at $68.53, unchanged from the previous session.
SYF stock price is now 13.19% away from the 50-day moving average and 39.29% away from the 200-day moving average. The market capitalization of the company currently stands at $26.68B.
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With the price target enhanced from $59 to $72, JP Morgan Upgraded its rating from Neutral to Overweight for Synchrony Financial (NYSE: SYF). On December 03, 2024, Wells Fargo Upgraded its previous ‘Equal Weight’ rating to ‘Overweight’ on the stock increasing its target price from $60 to quote $85, while ‘BTIG Research’ rates the stock as ‘Neutral’
In other news, MOTHNER JONATHAN S, insider sold 34,163 shares of the company’s stock on Nov 15 ’24. The stock was sold for $2,220,253 at an average price of $64.99. Upon completion of the transaction, the insider now directly owns 127,587 shares in the company, valued at $8.74 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 15 ’24, Officer MOTHNER JONATHAN S bought 34,163 shares of the business’s stock. A total of $2,220,253 was incurred on buying the stock at an average price of $64.99. A total of 0.45% of the company’s stock is owned by insiders.
During the past 12 months, Synchrony Financial has had a low of $35.23 and a high of $69.39. According to the stock market information, the enterprise value for the company is $25601771520, which is based on a 8.94 price-to-earnings ratio, a 0.23 price-to-earnings-growth ratio, and a beta of 1.64. The fifty day moving average price for SYF is $60.1654 and a two-hundred day moving average price translates $49.062 for the stock.
The latest earnings results from Synchrony Financial (NYSE: SYF) was released for 2024-09-30. The net profit margin was 15.08% and return on equity was 21.28% for SYF. The company reported revenue of $5.79 billion for the quarter, compared to $5.35 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.05 percent.
