Economy

Technical Scrutiny: Synchrony Financial (SYF), Macy's, Inc

Synchrony Financial (SYF) recently closed with rise of 1.34% to its 20-Day Simple Moving Average. The stock of Synchrony Financial (NYSE:SYF) earned "Market Perform" rating by IBC on Wednesday, April 12. 0 analysts gave its stock an Outperform rating. BTIG Research maintained the stock with "Buy" rating in Thursday, May 25 report. On Wednesday, June 15 the stock rating was maintained by Jefferies with "Buy". Finally, JMP Securities increased their price target on Synchrony Financial from $37.00 to $41.00 and gave the company an "outperform" rating in a report on Monday, January 23rd. Keefe Bruyette & Woods maintained it with "Buy" rating and $39.0 target in Tuesday, August 22 report.

The company's stock is now moving with a -ve distance from the 200 day SMA of approximately -8.27%, and has a solid year to date (YTD) performance of -18.5% which means that the stock is constantly adding to its value from the previous fiscal year end price. Oppenheimer maintained the shares of SYF in report on Friday, July 21 with "Hold" rating.

Analysts expect Summit Financial Group, Inc.

The company's Average Earnings Estimate for the Current Fiscal quarter is $0.65, according to consensus of 19 analysts.

More notable recent Synchrony Financial (NYSE:SYF) news were published by: Nasdaq.com which released: "Commit To Buy Synchrony Financial At $18, Earn 2.8% Using Options" on September 18, 2017, also Businesswire.com with their article: "Synchrony Financial Drives New Relationship with Mavis Discount Tire to ..." published on September 13, 2017, Nasdaq.com published: "Warren Buffett Buys Bank of New York Mellon Corp, Synchrony Financial, STORE ..." on September 08, 2017. After $0.61 actual earnings per share reported by Synchrony Financial for the previous quarter, Wall Street now forecasts 8.20% EPS growth. According to their observations and findings, the stock could provide a high EPS of $0.73/share and a low EPS of $0.54/share.

Synchrony Financial (SYF) shares are up 2.92% for the week and that has got investors and traders sitting up and taking note. It has underperformed by 31.90% the S&P500. First Quadrant L P CA now owns 3,726 shares of the financial services provider's stock valued at $111,000 after buying an additional 1,328 shares during the last quarter.

About 30,859 shares traded.

Analysts on average have given a price target of $36.55 to Synchrony Financial (SYF) stock. It has underperformed by 27.05% the S&P500. Ci Investments Inc who had been investing in Synchrony Finl for a number of months, seems to be bullish on the $23.69 billion market cap company. As per Monday, October 19, the company rating was maintained by BMO Capital Markets.

ROA ratio indicates how profitable a company is relative to its total assets. The Company's revenue activities are managed through three sales platforms: Retail Card, Payment Solutions and CareCredit. On Thursday, June 8 the stock rating was downgraded by Stifel Nicolaus to "Sell". The insider Ho Ted C sold 60,000 shares worth $2.49M. Bessemer Group holds 0% or 3,000 shares. The company has its outstanding shares of 804.00M. Forward P/E ratio is at 35.28. It offers its credit products through its subsidiary, Synchrony Bank (the Bank).

Investors sentiment increased to 1.57 in Q2 2017. Its up 1.56, from 1.44 in 2017Q1. 69 funds opened positions while 52 raised stakes. Moreover, Royal Bancorporation Of Canada has 0% invested in Summit Financial Group, Inc. It also upped Shoretel Inc (NASDAQ:SHOR) stake by 65,548 shares and now owns 475,539 shares. Next Fin Grp Inc invested 0% in Legacy Reserves LP (NASDAQ:LGCY).

Want to see what other hedge funds are holding SYF? Columbia Asset Management owns 20,000 shares or 0.01% of their U.S. portfolio. Oxbow Limited Co holds 0.01% or 48,423 shares in its portfolio. The ratio is determined by dividing a company's current share price by its earnings per share. Morgan Stanley has 11,471 shares. 5,987 were reported by Nationwide Fund Advsrs. Barclays Public Lc holds 408 shares or 0% of its portfolio.

Analysts have given a mean recommendation of 2.00 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). The stock is now moving below its 20-Day Simple Moving Average of -0.11% with a 50-Day Simple Moving Average of -1.18 percent.



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