At the time of writing, Synchrony Financial [SYF] stock is trading at $42.54, up 0.95%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SYF shares have gain 4.70% over the last week, with a monthly amount glided 9.41%, and seem to be holding up well over a long-time horizon.
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On 6, March 2024, IPH ENTERS STRATEGIC PARTNERSHIP WITH SYNCHRONY AND COMPLETES ACQUISITION OF PETS BEST. In a post published today on Yahoo Finance, Synchrony Expands Leadership in the Pet Industry Through Ownership Stake in IPH; Two Synchrony Executives to Join IPH Board of Directors.
From an analyst’s perspective:
Previously, Deutsche Bank started tracking the stock with Buy rating on January 10, 2024, and set its price target to $56. On January 10, 2024, downgrade downgraded it’s rating to Market Perform but maintained its price target of $40 on the stock. Barclays started tracking the stock assigning a Equal Weight rating and suggested a price target of $31 on November 15, 2023. TD Cowen initiated its recommendation with a Outperform and recommended $34 as its price target on November 01, 2023. HSBC Securities started tracking with a Hold rating for this stock on October 13, 2023, and assigned it a price target of $32. In a note dated September 05, 2023, RBC Capital Mkts downgraded an Sector Perform rating on this stock and revised its target price from $41 to $37.
For the past year, the stock price of Synchrony Financial fluctuated between $26.59 and $42.31. Currently, Wall Street analysts expect the stock to reach $52.23 within the next 12 months. Synchrony Financial [NYSE: SYF] shares were valued at $42.54 at the most recent close of the market. An investor can expect a potential return of 22.78% based on the average SYF price forecast.
Analyzing the SYF fundamentals
According to Synchrony Financial [NYSE:SYF], the company’s sales were 17.34B for trailing twelve months, which represents an 28.34% jump. Gross Profit Margin for this corporation currently stands at 0.8% with Operating Profit Margin at 0.26%, Pretax Profit Margin comes in at 0.18%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.17 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.45.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 42.01 points at the first support level, and at 41.49 for the second support level. However, for the 1st resistance point, the stock is sitting at 42.90, and for the 2nd resistance point, it is at 43.26.
Synchrony Financial [SYF] reported earnings per share of $1.03 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.93/share, meaning a difference of $0.1 and a surprise factor of 10.80%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.48 per share as compared to estimates of $1.43 per share, a difference of $0.05 representing a surprise of 3.50%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 1.00, the price to book ratio is 1.31 and price to earnings (TTM) ratio is 8.21.
Transactions by insiders
Recent insider trading involved DOUBLES BRIAN D,, that happened on Mar 05 ’24 when 0.13 million shares were sold., Juel Carol completed a deal on Mar 05 ’24 to sell 71496.0 shares. Meanwhile, Casellas Alberto sold 48469.0 shares on Mar 05 ’24.
