Stocks of Synchrony Financial (NYSE:SYF) traded higher last session on Wall Street, down -0.93% to $45.89.
SYF stock price is now -1.91% away from the 50-day moving average and 12.55% away from the 200-day moving average. The market capitalization of the company currently stands at $18.14B.
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With the price target maintained at $54, BofA Securities recently Upgraded its rating from Neutral to Buy for Synchrony Financial (NYSE: SYF). On July 16, 2024, Compass Point recently initiated its ‘Buy’ rating on the stock quoting a target price of $56, while ‘Robert W. Baird’ rates the stock as ‘Outperform’
In other news, Schaller Bart, insider sold 930 shares of the company’s stock on Aug 01 ’24. The stock was sold for $47,281 at an average price of $50.84. Upon completion of the transaction, the insider now directly owns 49,390 shares in the company, valued at $2.27 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 01 ’24, Juel Carol sold 443 shares of the business’s stock. A total of $22,522 was realized by selling the stock at an average price of $50.84. This leaves the insider owning 66,259 shares of the company worth $3.04 million. A total of 0.72% 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 $52.67. According to the stock market information, the enterprise value for the company is $16533900288, which is based on a 6.37 price-to-earnings ratio, a 0.49 price-to-earnings-growth ratio, and a beta of 1.63. The fifty day moving average price for SYF is $46.7812 and a two-hundred day moving average price translates $40.773 for the stock.
The latest earnings results from Synchrony Financial (NYSE: SYF) was released for 2024-06-30. The net profit margin was 14.72% and return on equity was 20.77% for SYF. The company reported revenue of $5.58 billion for the quarter, compared to $5.02 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.17 percent. For the current quarter, analysts expect SYF to generate $4.57B in revenue.
