The stock of Synchrony Financial (NYSE:SYF) hit a new 52-week high and has $51.65 target or 54.00% above today’s $33.54 share price. The 9 months bullish chart indicates low risk for the $27.84B company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $51.65 price target is reached, the company will be worth $15.03B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 2.79 million shares traded hands. Synchrony Financial (NYSE:SYF) has risen 12.74% since April 19, 2016 and is uptrending. It has outperformed by 8.88% the S&P500.
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 firm earned “Market Perform” rating on Wednesday, September 16 by BMO Capital Markets. The firm has “Buy” rating given on Wednesday, May 4 by Deutsche Bank. Citigroup maintained the stock with “Buy” rating in Wednesday, June 15 report. The firm has “Buy” rating by Nomura given on Tuesday, October 20. The stock has “Buy” rating given by Sterne Agee CRT on Monday, November 23. On Wednesday, August 26 the stock rating was initiated by Buckingham Research with “Buy”. The company was initiated on Wednesday, January 13 by DA Davidson. The firm has “Outperform” rating by Wedbush given on Tuesday, October 11. The rating was initiated by Macquarie Research with “Neutral” on Wednesday, May 11. The company was downgraded on Friday, April 8 by Bank of America.
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: Businesswire.com which released: “Five Small Businesses Seek to Improve Local Communities through Synchrony …” on November 21, 2016, also Businessinsider.com with their article: “Synchrony Financial has simplified mobile buying” published on October 31, 2016, Fool.com published: “Synchrony Financial: Give Credit to Its Third Quarter” on October 24, 2016. More interesting news about Synchrony Financial (NYSE:SYF) were released by: Businesswire.com and their article: “Synchrony Financial Plug-in Easily Integrates Credit into Retailers’ Mobile Apps” published on October 24, 2016 as well as Blogs.Wsj.com‘s news article titled: “Synchrony Financial Joins R3 Blockchain Group” 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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