Somewhat Positive Media Coverage Somewhat Unlikely to Impact Synchrony Financial (SYF) Stock Price

Media coverage about Synchrony Financial (NYSE:SYF) has trended somewhat positive on Monday, Accern reports. The research group scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Synchrony Financial earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 47.2545476632806 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the news articles that may have impacted Accern’s scoring:

Shares of Synchrony Financial (SYF) traded up $1.21 on Monday, reaching $36.24. 6,985,301 shares of the company were exchanged, compared to its average volume of 7,610,000. Synchrony Financial has a 52-week low of $26.01 and a 52-week high of $40.59. The stock has a market capitalization of $28,360.00, a P/E ratio of 14.98, a PEG ratio of 1.35 and a beta of 1.01. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.45 and a quick ratio of 1.47.

Synchrony Financial (NYSE:SYF) last posted its earnings results on Friday, January 19th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.07. The firm had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.96 billion. Synchrony Financial had a net margin of 11.75% and a return on equity of 14.62%. During the same period in the previous year, the company earned $0.70 earnings per share. equities analysts predict that Synchrony Financial will post 3.38 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Monday, February 5th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date is Friday, February 2nd. Synchrony Financial’s dividend payout ratio (DPR) is presently 24.79%.

SYF has been the topic of several analyst reports. Bank of America raised shares of Synchrony Financial from a “neutral” rating to a “buy” rating in a research report on Monday, December 18th. BTIG Research reissued a “buy” rating and issued a $44.00 target price on shares of Synchrony Financial in a research report on Sunday, December 17th. Barclays set a $55.00 target price on shares of Synchrony Financial and gave the stock a “buy” rating in a research report on Thursday, January 11th. JMP Securities lifted their target price on shares of Synchrony Financial from $35.00 to $37.00 and gave the stock a “market outperform” rating in a research report on Monday, October 23rd. Finally, Wells Fargo & Co raised shares of Synchrony Financial from a “market perform” rating to an “outperform” rating and set a $35.00 target price on the stock in a research report on Tuesday, January 9th. Nine equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $38.30.

In other Synchrony Financial news, insider David P. Melito sold 2,000 shares of Synchrony Financial stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $40.00, for a total value of $80,000.00. Following the completion of the sale, the insider now directly owns 39,259 shares in the company, valued at $1,570,360. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David P. Melito sold 1,881 shares of Synchrony Financial stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $38.00, for a total transaction of $71,478.00. Following the completion of the sale, the insider now owns 43,140 shares of the company’s stock, valued at $1,639,320. The disclosure for this sale can be found here. Insiders sold 6,461 shares of company stock valued at $241,778 over the last quarter. Corporate insiders own 0.03% of the company’s stock.

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About Synchrony Financial

Synchrony Financial is a consumer financial services company. The Company 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.

Insider Buying and Selling by Quarter for Synchrony Financial (NYSE:SYF)

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