Exclusive: Could Synchrony Financial Decline After Today’s Big Increase?

Exclusive: Could Synchrony Financial Decline After Today's Big Increase?

The stock of Synchrony Financial (NYSE:SYF) is a huge mover today! About 3.01 million shares traded hands. Synchrony Financial (NYSE:SYF) has declined 3.50% since March 8, 2016 and is downtrending. It has underperformed by 12.82% the S&P500.
The move comes after 8 months positive chart setup for the $22.24B company. It was reported on Oct, 11 by Barchart.com. We have $43.37 PT which if reached, will make NYSE:SYF worth $14.01 billion more.

Analysts await Synchrony Financial (NYSE:SYF) to report earnings on October, 21. They expect $0.70 EPS, up 1.45% or $0.01 from last year’s $0.69 per share. SYF’s profit will be $585.04M for 9.50 P/E if the $0.70 EPS becomes a reality. After $0.58 actual EPS reported by Synchrony Financial for the previous quarter, Wall Street now forecasts 20.69% EPS growth.

Synchrony Financial (NYSE:SYF) Ratings Coverage

Out of 17 analysts covering Synchrony Financial (NYSE:SYF), 13 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 76% are positive. Synchrony Financial has been the topic of 26 analyst reports since July 20, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Buckingham Research given on Wednesday, August 26. The stock of Synchrony Financial (NYSE:SYF) has “Conviction Buy” rating given on Wednesday, January 13 by Goldman Sachs. The firm has “Buy” rating by Deutsche Bank given on Wednesday, May 4. Sterne Agee CRT upgraded Synchrony Financial (NYSE:SYF) on Monday, November 23 to “Buy” rating. Macquarie Research initiated the shares of SYF in a report on Wednesday, May 11 with “Neutral” rating. The firm has “Buy” rating by Zacks given on Tuesday, August 18. As per Monday, October 19, the company rating was maintained by BMO Capital Markets. The company was initiated on Wednesday, January 13 by DA Davidson. The stock has “Market Perform” rating given by BMO Capital Markets on Wednesday, September 16. The rating was downgraded by Bank of America to “Neutral” on Friday, April 8.

According to Zacks Investment Research, “Synchrony Financial is a consumer financial services company. It offers private label credit cards, dual cards and small and medium-sized business credit products; promotional financing for consumer purchases, including installment loans; and promotional financing to consumers. The company also offers various deposit products, such as certificates of deposit, individual retirement accounts, money market accounts, and savings accounts directly to retail and commercial customers under the Optimizer+Plus brand. Synchrony Financial is headquartered in Stamford, Connecticut.”

More important recent Synchrony Financial (NYSE:SYF) news were published by: Streetinsider.com which released: “Wedbush Starts Synchrony Financial (SYF) at Outperform” on October 11, 2016, also Businesswire.com published article titled: “Synchrony Financial to Announce Third Quarter 2016 Financial Results on …”, Seekingalpha.com published: “Synchrony Financial: Attractively Priced But Is Now The Right Time To Buy?” on October 05, 2016. More interesting news about Synchrony Financial (NYSE:SYF) was released by: Reuters.com and their article: “BRIEF-Synchrony Financial and Hhgregg extend consumer financing program ag…” with publication date: October 10, 2016.

SYF Company Profile

Synchrony Financial (Synchrony), incorporated on September 12, 2003, is a consumer financial services company. The Firm provides a range of credit products through programs it has established with a group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers. The Company’s revenue activities are managed through three sales platforms: Retail Card, Payment Solutions and CareCredit. It offers its credit products through its subsidiary, Synchrony Bank (the Bank). Through the Bank, it offers a range of deposit products insured by the Federal Deposit Insurance Corporation (FDIC), including certificates of deposit, individual retirement accounts (IRAs), money market accounts and savings accounts.

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