Synchrony Financial (SYF) stock expected to rise by 30.27%: What’s driving the optimism?

At the time of writing, Synchrony Financial [SYF] stock is trading at $40.80, up 2.82%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SYF shares have lost -1.19% over the last week, with a monthly amount drifted -3.13%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Synchrony Financial [NYSE: SYF] stock has seen the most recent analyst activity on April 04, 2024, when Wolfe Research upgraded its rating to a Outperform and also boosted its price target to $50 from $36. On January 10, 2024, Deutsche Bank initiated with a Buy rating and assigned a price target of $56 on the stock. BMO Capital Markets downgraded its rating to a Market Perform but stick to its price target of $40 on January 10, 2024. Barclays initiated its recommendation with a Equal Weight and recommended $31 as its price target on November 15, 2023. TD Cowen started tracking with a Outperform rating for this stock on November 01, 2023, and assigned it a price target of $34. In a note dated October 13, 2023, HSBC Securities initiated an Hold rating and provided a target price of $32 on this stock.

For the past year, the stock price of Synchrony Financial fluctuated between $26.59 and $43.83. Currently, Wall Street analysts expect the stock to reach $53.15 within the next 12 months. Synchrony Financial [NYSE: SYF] shares were valued at $40.80 at the most recent close of the market. An investor can expect a potential return of 30.27% 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.45.

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 40.00 points at the first support level, and at 39.20 for the second support level. However, for the 1st resistance point, the stock is sitting at 41.45, and for the 2nd resistance point, it is at 42.10.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 0.96, the price to book ratio is 1.26 and price to earnings (TTM) ratio is 7.88.

Transactions by insiders

Recent insider trading involved Schaller Bart,, that happened on Mar 15 ’24 when 61781.0 shares were sold., Howse Curtis completed a deal on Mar 15 ’24 to sell 6179.0 shares. Meanwhile, DOUBLES BRIAN D sold 0.13 million shares on Mar 05 ’24.

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