TD Cowen Cuts Synchrony Financial (NYSE:SYF) Price Target to $86.00

Synchrony Financial (NYSE:SYF) had its target price reduced by investment analysts at TD Cowen from $90.00 to $86.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. TD Cowen’s price objective would indicate a potential upside of 18.87% from the company’s previous close.

Several other analysts also recently commented on the company. JPMorgan Chase & Co. reduced their target price on Synchrony Financial from $81.00 to $78.00 and set a “neutral” rating for the company in a research note on Monday, July 13th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Synchrony Financial in a report on Friday, July 17th. UBS Group decreased their target price on Synchrony Financial from $87.00 to $81.00 and set a “neutral” rating for the company in a research report on Monday. Wolfe Research lifted their price objective on shares of Synchrony Financial from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Tuesday, August 25th. Finally, Royal Bank Of Canada lowered their price target on shares of Synchrony Financial from $85.00 to $80.00 and set a “sector perform” rating on the stock in a report on Wednesday, July 22nd. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $88.29.

Synchrony Financial Price Performance

Shares of NYSE SYF traded up $0.47 during mid-day trading on Tuesday, hitting $72.34. 169,794 shares of the stock traded hands, compared to its average volume of 3,917,094. The firm has a 50 day simple moving average of $76.80 and a two-hundred day simple moving average of $74.12. Synchrony Financial has a twelve month low of $63.08 and a twelve month high of $88.77. The company has a market cap of $23.54 billion, a PE ratio of 7.41, a price-to-earnings-growth ratio of 0.62 and a beta of 1.35. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.22 and a quick ratio of 1.22.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $2.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.14 by $0.45. The business had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.72 billion. Synchrony Financial had a net margin of 15.44% and a return on equity of 23.09%. During the same quarter last year, the business earned $2.50 EPS. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. As a group, equities research analysts forecast that Synchrony Financial will post 9.38 EPS for the current fiscal year.

Institutional Investors Weigh In On Synchrony Financial

Several institutional investors have recently added to or reduced their stakes in SYF. CX Institutional grew its holdings in shares of Synchrony Financial by 33.7% during the 3rd quarter. CX Institutional now owns 78,791 shares of the financial services provider’s stock worth $5,592,000 after acquiring an additional 19,868 shares during the period. Versant Capital Management Inc grew its stake in Synchrony Financial by 4.4% in the third quarter. Versant Capital Management Inc now owns 7,857 shares of the financial services provider’s stock worth $558,000 after purchasing an additional 333 shares during the period. QRG Capital Management Inc. grew its stake in Synchrony Financial by 1.0% in the second quarter. QRG Capital Management Inc. now owns 188,446 shares of the financial services provider’s stock worth $14,331,000 after purchasing an additional 1,821 shares during the period. Envestnet Portfolio Solutions Inc. raised its holdings in Synchrony Financial by 47.0% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,461 shares of the financial services provider’s stock worth $491,000 after purchasing an additional 2,065 shares in the last quarter. Finally, Bullseye Investment Management LLC purchased a new position in Synchrony Financial during the second quarter valued at $106,000. Hedge funds and other institutional investors own 96.48% of the company’s stock.

About Synchrony Financial

Synchrony Financial (NYSE: SYF) is a consumer financial services company that provides credit products and related services through partnerships with retailers, manufacturers, healthcare providers and other businesses. The company is best known for private-label credit cards and dual-use credit cards that allow consumers to finance purchases with participating brands.

Synchrony’s offerings also include promotional financing, installment loans and other consumer payment solutions. Its products support spending across areas such as retail, home improvement, consumer electronics, healthcare, automotive and lifestyle purchases.