Synchrony Financial (NYSE:SYF) shares traded -2.81% lower at $43.54 on Wall Street last session.
SYF stock price is now 1.22% away from the 50-day moving average and 19.53% away from the 200-day moving average. The market capitalization of the company currently stands at $17.48B.
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With the price target enhanced from $45 to $62, Keefe Bruyette Upgraded its rating from Mkt Perform to Outperform for Synchrony Financial (NYSE: SYF). On April 04, 2024, Wolfe Research Upgraded its previous ‘Underperform’ rating to ‘Outperform’ on the stock increasing its target price from $36 to quote $50, while ‘Morgan Stanley’ rates the stock as ‘Underweight’
In other news, Howse Curtis, insider sold 31,562 shares of the company’s stock on May 02 ’24. The stock was sold for $1,420,290 at an average price of $45.00. Upon completion of the transaction, the insider now directly owns 121,042 shares in the company, valued at $5.27 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 15 ’24, Schaller Bart sold 61,781 shares of the business’s stock. A total of $2,645,462 was realized by selling the stock at an average price of $42.82. This leaves the insider owning 50,757 shares of the company worth $2.21 million. A total of 0.58% of the company’s stock is owned by insiders.
During the past 12 months, Synchrony Financial has had a low of $27.30 and a high of $46.72. According to the stock market information, the enterprise value for the company is $14817212416, which is based on a 6.25 price-to-earnings ratio, a 0.48 price-to-earnings-growth ratio, and a beta of 1.60. The fifty day moving average price for SYF is $43.0216 and a two-hundred day moving average price translates $36.4693 for the stock.
The latest earnings results from Synchrony Financial (NYSE: SYF) was released for 2024-03-31. The net profit margin was 14.91% and return on equity was 20.58% for SYF. The company reported revenue of $5.57 billion for the quarter, compared to $4.79 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.34 percent.
