For Synchrony Financial [SYF], Analyst sees a drop to $32. What next?

Synchrony Financial [NYSE: SYF] jumped around 0.65 points on Thursday, while shares priced at $32.60 at the close of the session, up 2.03%. The company report on September 6, 2022 that Synchrony to Participate in the Barclays Global Financial Services Conference.


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Synchrony (NYSE: SYF) Chief Financial Officer, Brian J. Wenzel, will participate in a fireside chat at the Barclays Global Financial Services Conference on Monday, September 12, 2022 at 11:15 a.m. (Eastern Time).

A live webcast and replay will be made available on the Synchrony Investor Relations website at www.investors.synchronyfinancial.com.

Synchrony Financial stock is now -29.73% down from its year-to-date (YTD) trading value. SYF Stock saw the intraday high of $32.635 and lowest of $31.27 per share. The company’s 52-week high price is 52.49, which means current price is +19.79% above from all time high which was touched on 01/13/22.

Compared to the average trading volume of 5.76M shares, SYF reached a trading volume of 3251610 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say 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 $40.83 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 2.30. 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.

Wells Fargo have made an estimate for Synchrony Financial shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on July 13, 2022. The new note on the price target was released on May 12, 2022, representing the official price target for Synchrony Financial stock. Previously, the target price had yet another raise from $48 to $49, while Piper Sandler kept a Overweight rating on SYF stock. On March 28, 2022, analysts decreased their price target for SYF shares from 56 to 40.

The Average True Range (ATR) for Synchrony Financial is set at 1.08, with the Price to Sales ratio for SYF stock in the period of the last 12 months amounting to 0.98. The Price to Book ratio for the last quarter was 1.27, with the Price to Cash per share for the same quarter was set at 22.12. Price to Free Cash Flow for SYF in the course of the last twelve months was 2.40.

How has SYF stock performed recently?

Synchrony Financial [SYF] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.46. With this latest performance, SYF shares dropped by -3.83% in over the last four-week period, additionally sinking by -9.94% over the last 6 months – not to mention a drop of -28.63% 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 46.62, with the RSI for the last a single of trading hit 46.01, and the three-weeks RSI is set at 47.73 for Synchrony Financial [SYF]. The present Moving Average for the last 50 days of trading for this stock 32.58, while it was recorded at 31.91 for the last single week of trading, and 38.13 for the last 200 days.

Synchrony Financial [SYF]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Synchrony Financial [SYF] shares currently have an operating margin of +53.18 and a Gross Margin at +91.94. Synchrony Financial’s Net Margin is presently recorded at +37.61.

Return on Equity for this stock inclined to 32.03, with Return on Assets sitting at 4.40.

Earnings analysis for Synchrony Financial [SYF]

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 -8.80%.

Insider trade positions for Synchrony Financial [SYF]

There are presently around $15,058 million, in the hands of institutional investors. The top three institutional holders of SYF stocks are: VANGUARD GROUP INC with ownership of 62,810,512, which is approximately -0.43% of the company’s market cap and around 0.50% of the total institutional ownership; CAPITAL WORLD INVESTORS, holding 48,263,980 shares of the stock with an approximate value of $1.57 billion in SYF stocks shares; and BLACKROCK INC., currently with $1.42 billion in SYF stock with ownership of nearly -9.187% of the company’s market capitalization.

Positions in Synchrony Financial stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 311 institutional holders increased their position in Synchrony Financial [NYSE:SYF] by around 31,119,330 shares. Additionally, 381 investors decreased positions by around 47,900,988 shares, while 90 investors held positions by with 382,867,322 shares. The mentioned changes placed institutional holdings at 461,887,640 shares, according to the latest SEC report filing. SYF stock had 65 new institutional investments in for a total of 3,726,151 shares, while 103 institutional investors sold positions of 3,297,270 shares during the same period.

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