Synchrony Financial [NYSE: SYF] loss -2.68% or -1.02 points to close at $37.03 with a heavy trading volume of 7957312 shares. The company report on May 2, 2022 that MADE IN COOKWARE TAPS GIFTNOW TO HELP FANS SHARE THE LOVE WITH FELLOW COOKWARE CONNOISSEURS.
High performance cookware brand delivers new gifting solution, personalized “digital unboxing” experiences in time for key gifting occasions like Mother’s Day.
Made In Cookware, the Austin-based purveyor of professional quality products crafted for the home chef, recently collaborated with GiftNow, a Synchrony (NYSE: SYF) solution, to help brand fans gift high-quality cookware for Mother’s Day, Father’s Day, weddings and many other occasions. The new partnership enables enthusiasts of Made In Cookware – recently named a CNET’s Best Direct-to-Consumer Cookware favorite – to give friends and family a unique digital unboxing experience and the opportunity to modify their gift to their tastes and preferences before the gift ships.
It opened the trading session at $37.45, the shares rose to $38.19 and dropped to $36.825, the range by which the price of stock traded the whole day. The daily chart for SYF points out that the company has recorded -24.72% loss over the past six months. However, it is still -9.69% lower than its most recent low trading price.
If we look at the average trading volume of 7.04M shares, SYF reached to a volume of 7957312 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Synchrony Financial [SYF]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SYF shares is $50.22 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SYF stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Piper Sandler have made an estimate for Synchrony Financial shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on April 06, 2022. While these analysts kept the previous recommendation, Morgan Stanley dropped their target price from $56 to $40. The new note on the price target was released on March 28, 2022, representing the official price target for Synchrony Financial stock. On January 31, 2022, analysts decreased their price target for SYF shares from 58 to 54.
The Average True Range (ATR) for Synchrony Financial is set at 1.40, with the Price to Sales ratio for SYF stock in the period of the last 12 months amounting to 1.23. The Price to Book ratio for the last quarter was 1.50, with the Price to Cash per share for the same quarter was set at 20.34. Price to Free Cash Flow for SYF in the course of the last twelve months was 3.11.
Trading performance analysis for SYF stock
Synchrony Financial [SYF] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.80. With this latest performance, SYF shares gained by 3.87% in over the last four-week period, additionally sinking by -24.72% over the last 6 months – not to mention a drop of -19.53% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SYF stock in for the last two-week period is set at 46.03, with the RSI for the last a single of trading hit 43.57, and the three-weeks RSI is set at 46.51 for Synchrony Financial [SYF]. The present Moving Average for the last 50 days of trading for this stock 37.30, while it was recorded at 38.57 for the last single week of trading, and 45.01 for the last 200 days.
Synchrony Financial [SYF]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SYF. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Synchrony Financial go to 35.92%.
An analysis of insider ownership at Synchrony Financial [SYF]
There are presently around $18,800 million, or 99.66% of SYF stock, in the hands of institutional investors. The top three institutional holders of SYF stocks are: VANGUARD GROUP INC with ownership of 65,499,366, which is approximately -3.848% of the company’s market cap and around 0.50% of the total institutional ownership; CAPITAL WORLD INVESTORS, holding 50,314,580 shares of the stock with an approximate value of $1.91 billion in SYF stocks shares; and BLACKROCK INC., currently with $1.78 billion in SYF stock with ownership of nearly 4.343% of the company’s market capitalization.
352 institutional holders increased their position in Synchrony Financial [NYSE:SYF] by around 22,940,513 shares. Additionally, 388 investors decreased positions by around 48,309,661 shares, while 100 investors held positions by with 422,845,554 shares. The mentioned changes placed institutional holdings at 494,095,728 shares, according to the latest SEC report filing. SYF stock had 94 new institutional investments in for a total of 2,154,621 shares, while 90 institutional investors sold positions of 5,735,235 shares during the same period.