Truist Financial Lowers Synchrony Financial (NYSE:SYF) Price Target to $71.00

Synchrony Financial (NYSE:SYF) had its price target decreased by equities research analysts at Truist Financial from $84.00 to $71.00 in a report issued on Monday,Benzinga reports. The firm currently has a “hold” rating on the financial services provider’s stock. Truist Financial’s price objective suggests a potential upside of 4.46% from the company’s current price.

A number of other equities analysts also recently issued reports on the company. Compass Point upgraded Synchrony Financial from a “neutral” rating to a “buy” rating and set a $96.00 price target for the company in a research note on Wednesday, January 28th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Synchrony Financial in a research report on Wednesday, January 21st. TD Cowen increased their price target on Synchrony Financial from $91.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Wall Street Zen downgraded shares of Synchrony Financial from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Finally, JPMorgan Chase & Co. lowered their target price on shares of Synchrony Financial from $86.00 to $84.00 and set a “neutral” rating for the company in a report on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.42.

Synchrony Financial Trading Up 2.7%

SYF stock traded up $1.78 during trading on Monday, hitting $67.97. The company had a trading volume of 646,366 shares, compared to its average volume of 4,843,268. The business has a 50-day moving average of $71.92 and a 200-day moving average of $75.21. Synchrony Financial has a one year low of $40.54 and a one year high of $88.77. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.98. The stock has a market cap of $23.63 billion, a PE ratio of 7.31, a PEG ratio of 0.58 and a beta of 1.42.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings data on Tuesday, January 27th. The financial services provider reported $2.18 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.16. The firm had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $3.84 billion. Synchrony Financial had a net margin of 15.72% and a return on equity of 23.07%. The business’s revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.91 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. Research analysts predict that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Synchrony Financial news, insider Alberto Casellas sold 14,399 shares of the business’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $67.71, for a total value of $974,956.29. Following the sale, the insider directly owned 50,331 shares in the company, valued at $3,407,912.01. The trade was a 22.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Brian D. Doubles sold 217,554 shares of the company’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $68.68, for a total value of $14,941,608.72. Following the transaction, the insider directly owned 829,222 shares in the company, valued at $56,950,966.96. This represents a 20.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 379,928 shares of company stock valued at $26,170,764 in the last quarter. 0.33% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Synchrony Financial

Several institutional investors have recently added to or reduced their stakes in the business. Westside Investment Management Inc. increased its stake in shares of Synchrony Financial by 100.0% in the third quarter. Westside Investment Management Inc. now owns 358 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 179 shares in the last quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna bought a new position in Synchrony Financial in the 2nd quarter worth approximately $26,000. FWL Investment Management LLC bought a new position in Synchrony Financial in the 3rd quarter worth approximately $26,000. Salomon & Ludwin LLC grew its stake in Synchrony Financial by 54.9% in the 3rd quarter. Salomon & Ludwin LLC now owns 412 shares of the financial services provider’s stock valued at $29,000 after buying an additional 146 shares in the last quarter. Finally, Fideuram Asset Management Ireland dac bought a new stake in Synchrony Financial during the 4th quarter valued at $29,000. 96.48% of the stock is owned by hedge funds and other institutional investors.

About Synchrony Financial

Synchrony Financial (NYSE: SYF) is a consumer financial services company that specializes in providing point-of-sale financing and private-label, co-branded and branded credit card programs. The company serves as a payments and lending partner to retailers, digital merchants and service providers, offering consumer financing solutions designed to drive customer engagement and sales. Synchrony also operates a direct bank that offers deposit products, including savings accounts and certificates of deposit, which support its funding and customer-facing product suite.

Its core product set includes private-label and co-branded credit cards, general-purpose credit cards, installment loan programs and promotional financing options that are integrated into merchants’ checkout experiences.