Economy

The Synchrony Financial (SYF) Research Coverage Started at Compass Point

The stock increased 0.03% or $0.02 on October 31, reaching $79.95. The company has market cap of $94.48 million. It has underperformed by 10.78% the S&P500. Artemis Investment Management LLP bolstered its holdings by buying 1,033,704 shares an increase of 47.6% as of 09/30/2017. Synchrony Finl now has $25.53B valuation. The stock decreased 0.03% or $0.01 on October 31, reaching $32.62.

Shares of Synchrony Financial (NYSE:SYF) are on a recovery track as they have regained 25.34% since bottoming out at $26.01 on May.

Since May 30, 2017, it had 0 insider purchases, and 2 selling transactions for $2.77 million activity.

How Quickly Synchrony Financial (SYF)'s Sales Grew?

Investors sentiment increased to 1.03 in Q2 2017.

05/01/2017 - Synchrony Financial had its "overweight" rating reiterated by analysts at Barclays. It improved, as 79 investors sold LOW shares while 402 reduced holdings. 108 funds opened positions while 386 raised stakes. (NYSE:KMT) has been 942.38 million shares per day over the past 30 days. Marco Investment Management Limited Liability Company invested in 1.25% or 97,746 shares. Boston Partners now owns 12,891,959 shares of the financial services provider's stock valued at $384,439,000 after buying an additional 3,637,487 shares during the period. Total debt to equity ratio of the company for most recent quarter is 0.12 whereas long term debt to equity ratio for most recent quarter is 0.00. The Firm provides its services on an outsourced basis where the Company handles many or all aspects of its clients' recovery processes. (NYSE:LOW). Grisanti Mgmt owns 161,383 shares for 5.39% of their portfolio. Price T Rowe Md reported 20.87M shares. In current trading day FS Investment Corporation (FSIC) stock confirmed the flow of 0.63% with the final price of $8.00. BlackRock Inc. now owns 48,272,035 shares of the financial services provider's stock worth $1,655,730,000 after acquiring an additional 46,239,640 shares during the last quarter.

Analysts See AbbVie Inc. Sure, the percentage is encouraging but better times are ahead as looking out over a next 5-year period, analysts expect the company to see its earnings go up by 14.21%, annually. LOW's profit will be $849.43M for 19.60 P/E if the $1.02 EPS becomes a reality. Following the completion of the transaction, the insider now owns 113,578 shares in the company, valued at approximately $3,804,863. Zacks Investment Research upgraded shares of Synchrony Financial from a "strong sell" rating to a "hold" rating in a report on Monday, October 23rd. BMO Capital Markets restated a "buy" rating on shares of Synchrony Financial in a research note on Friday, July 21st. They now have a United States dollars 33 price target on the stock.

04/09/2017 - Oppenheimer began new coverage on Synchrony Financial giving the company a "perform" rating. The stock has "Buy" rating by Citigroup on Wednesday, June 15. Deutsche Bank maintained Lowe's Companies, Inc. The ex-dividend date is set for Thursday the 3rd of August 2017. Synchrony Financial has a consensus rating of "Buy" and an average price target of $36.63.

AbbVie Inc. (NYSE:ABBV) is another stock that is grabbing investors attention these days. More interesting news about Synchrony Financial (NYSE:SYF) were released by: Streetinsider.com and their article: "Synchrony Financial (SYF) PT Raised to $41 at BMO Capital on 3Q Report ..." published on October 23, 2017 as well as Nasdaq.com's news article titled: "Synchrony Financial's (SYF) Q3 Earnings Surpass Expectations" with publication date: October 20, 2017. Therefore 70% are positive. Synchrony Financial has an average rating of "Buy" and a consensus target price of $36.63. Twelve analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. Jefferies Group LLC reaffirmed a "buy" rating and set a $40.00 target price on shares of Synchrony Financial in a report on Friday, July 14th. On Friday, October 6 the stock rating was maintained by BMO Capital Markets with "Buy".

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings results on Friday, October 20th. The rating was initiated by Wells Fargo with "Hold" on Tuesday, October 10.

05/01/2017 - Synchrony Financial had its "market outperform" rating reiterated by analysts at JMP Securities.

09/08/2017 - Synchrony Financial was downgraded to "equal-weight" by analysts at Morgan Stanley.

Ci Investments Inc increased its stake in Synchrony Finl (SYF) by 13.76% based on its latest 2017Q2 regulatory filing with the SEC. It also upped Allergan Plc stake by 102,585 shares and now owns 165,963 shares.



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