Synchrony Financial (NYSE:SYF) PT Raised to $68.00 at Deutsche Bank Aktiengesellschaft

Synchrony Financial (NYSE:SYF) had its price objective upped by investment analysts at Deutsche Bank Aktiengesellschaft from $58.00 to $68.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the financial services provider’s stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 20.31% from the stock’s previous close.

Several other research firms have also recently weighed in on SYF. Wells Fargo & Company upped their price objective on shares of Synchrony Financial from $49.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 18th. StockNews.com raised shares of Synchrony Financial from a “hold” rating to a “buy” rating in a report on Wednesday, October 9th. The Goldman Sachs Group lifted their price objective on shares of Synchrony Financial from $49.00 to $56.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Royal Bank of Canada increased their target price on Synchrony Financial from $50.00 to $55.00 and gave the company a “sector perform” rating in a research note on Thursday, July 18th. Finally, Evercore ISI dropped their price target on Synchrony Financial from $59.00 to $58.00 and set an “outperform” rating for the company in a research note on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Synchrony Financial has an average rating of “Moderate Buy” and an average price target of $53.70.

Synchrony Financial Stock Up 6.1 %

SYF opened at $56.52 on Thursday. The firm has a market capitalization of $22.34 billion, a P/E ratio of 7.85, a price-to-earnings-growth ratio of 1.26 and a beta of 1.61. Synchrony Financial has a one year low of $27.30 and a one year high of $56.59. The company has a fifty day moving average price of $49.02 and a 200-day moving average price of $46.43. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.23 and a quick ratio of 1.23.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.17. The company had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.76 billion. Synchrony Financial had a return on equity of 16.06% and a net margin of 13.52%. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the company earned $1.48 earnings per share. Equities research analysts expect that Synchrony Financial will post 5.81 earnings per share for the current fiscal year.

Insider Activity at Synchrony Financial

In other Synchrony Financial news, insider Bart Schaller sold 930 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $50.84, for a total value of $47,281.20. Following the completion of the sale, the insider now owns 49,390 shares in the company, valued at approximately $2,510,987.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Synchrony Financial news, insider Bart Schaller sold 930 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $50.84, for a total value of $47,281.20. Following the completion of the transaction, the insider now directly owns 49,390 shares in the company, valued at approximately $2,510,987.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian J. Sr. Wenzel sold 74,698 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $46.73, for a total transaction of $3,490,637.54. Following the completion of the sale, the insider now directly owns 76,251 shares of the company’s stock, valued at approximately $3,563,209.23. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.33% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Headlands Technologies LLC bought a new stake in shares of Synchrony Financial during the first quarter valued at approximately $28,000. Altshuler Shaham Ltd purchased a new position in Synchrony Financial during the second quarter valued at $31,000. International Assets Investment Management LLC bought a new stake in shares of Synchrony Financial during the 2nd quarter valued at $33,000. WR Wealth Planners LLC grew its position in shares of Synchrony Financial by 83.6% in the 2nd quarter. WR Wealth Planners LLC now owns 716 shares of the financial services provider’s stock worth $34,000 after buying an additional 326 shares during the period. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of Synchrony Financial in the 2nd quarter worth about $39,000. Hedge funds and other institutional investors own 96.48% of the company’s stock.

About Synchrony Financial

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 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, and sweep and affinity deposits, as well as accepts deposits through third-party securities brokerage firms.