Economy

Analyzing Analyst Recommendations: Synchrony Financial (SYF), State Street Corporation (STT)

In a research report issued to clients and investors on 23 October, Wells Fargo reconfirmed their "Market Perform" rating on shares of SYF. The rating was maintained by BMO Capital Markets on Wednesday, April 12 with "Buy".

Several other analysts also recently commented on the company.

Among 27 analysts covering Synchrony Financial (NYSE:SYF), 19 have Buy rating, 0 Sell and 8 Hold. Synchrony Financial had 57 analyst reports since July 20, 2015 according to SRatingsIntel. JMP Securities boosted their price objective on Synchrony Financial from $35.00 to $37.00 and gave the stock a "market outperform" rating in a report on Monday. Barclays PLC set a $40.00 price objective on Synchrony Financial and gave the stock a "buy" rating in a report on Monday. As per Friday, October 6, the company rating was maintained by BMO Capital Markets. Momo Inc.'s beta is - whilst the stock has an average true range (ATR) of 1.35. The stock of Synchrony Financial (NYSE:SYF) earned "Buy" rating by Sterne Agee CRT on Monday, November 23.

The company's 50-day moving average is $30.59 and its 200-day moving average is $29.89. The company had Year Ago Sales of 1.38 Billion. Analysts reported that the Price Target for Ally Financial Inc. might touch $31 high while the Average Price Target and Low price Target is $27 and $20 respectively. Synchrony Financial (NYSE:SYF) has declined 10.35% since October 26, 2016 and is downtrending. The firm had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $3.78 billion. The Return on Equity (ROE) value stands at 15.2%. During the same period previous year, the firm earned $0.65 EPS. On average, analysts expect that Synchrony Financial will post $2.61 EPS for the current year. If you are viewing this report on another site, it was stolen and reposted in violation of United States and global trademark and copyright legislation. The original version of this piece of content can be read at https://www.truebluetribune.com/2017/10/26/wells-fargo-company-raises-synchrony-financial-syf-price-target-to-35-00.html. The company reported the earnings of $0.58/Share in the last quarter where the estimated EPS by analysts was $0.52/share. The company had a trading volume of 1,697,063 shares. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.03% of the company's stock. Cambria Investment Management L.P. purchased a new position in Synchrony Financial during the first quarter worth about $1,194,000. The Company's shares were trading -36.69% below from the 52-week high price mark of $46.69 and 76.69% above from the 52-week price bottom of $76.69%. FMR LLC lifted its stake in Synchrony Financial by 27.1% during the second quarter. Point72 Asset Management L.P. now owns 3,667,370 shares of the financial services provider's stock worth $125,791,000 after buying an additional 1,353,070 shares during the period. Benjamin F. Edwards & Company Inc. grew its position in Synchrony Financial by 39.0% in the 2nd quarter. 14,337,391 shares of the company were exchanged. Capital World Investors bought a new stake in Synchrony Financial during the second quarter worth about $202,269,000. Finally, BNP Paribas Arbitrage SA increased its stake in shares of Synchrony Financial by 130.8% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 5,387 shares of the financial services provider's stock valued at $160,000 after purchasing an additional 486 shares in the last quarter.

In case of Revenue Estimates, 13 analysts have provided their consensus Average Revenue Estimates for Synchrony Financial as 3.96 Billion.



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