Market Runner: A Reversal for Synchrony Financial Is Not Near. The Stock Rises Again

Market Runner: A Reversal for Synchrony Financial Is Not Near. The Stock Rises Again

The stock of Synchrony Financial (NYSE:SYF) is a huge mover today! About 4.45 million shares traded hands. Synchrony Financial (NYSE:SYF) has risen 13.42% since April 11, 2016 and is uptrending. It has outperformed by 7.27% the S&P500.
The move comes after 8 months positive chart setup for the $27.47 billion company. It was reported on Nov, 11 by Barchart.com. We have $48.99 PT which if reached, will make NYSE:SYF worth $14.83 billion more.

Synchrony Financial (NYSE:SYF) Ratings Coverage

Out of 19 analysts covering Synchrony Financial (NYSE:SYF), 15 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 79% are positive. Synchrony Financial has been the topic of 28 analyst reports since July 20, 2015 according to StockzIntelligence Inc. The rating was upgraded by Nomura on Tuesday, October 20 to “Buy”. Wedbush initiated the stock with “Outperform” rating in Tuesday, October 11 report. The company was maintained on Wednesday, June 15 by Citigroup. The stock of Synchrony Financial (NYSE:SYF) earned “Buy” rating by Compass Point on Friday, November 4. The firm has “Buy” rating by Deutsche Bank given on Wednesday, May 4. Jefferies maintained the shares of SYF in a report on Wednesday, June 15 with “Buy” rating. Bank of America downgraded Synchrony Financial (NYSE:SYF) on Friday, April 8 to “Neutral” rating. The stock has “Neutral” rating given by Macquarie Research on Wednesday, May 11. The firm has “Buy” rating by Zacks given on Tuesday, August 18. DA Davidson initiated the shares of SYF in a report on Wednesday, January 13 with “Buy” rating.

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 notable recent Synchrony Financial (NYSE:SYF) news were published by: Businessinsider.com which released: “Synchrony Financial has simplified mobile buying” on October 31, 2016, also Fool.com with their article: “Synchrony Financial: Give Credit to Its Third Quarter” published on October 24, 2016, Thestreet.com published: “Synchrony Financial (SYF) Stock Climbs on Q3 Results” on October 21, 2016. More interesting news about Synchrony Financial (NYSE:SYF) were released by: Blogs.Wsj.com and their article: “Synchrony Financial Joins R3 Blockchain Group” published on October 24, 2016 as well as Businesswire.com‘s news article titled: “Synchrony Financial Plug-in Easily Integrates Credit into Retailers’ Mobile Apps” with publication date: October 24, 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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