BofA Securities slashes price target on Synchrony Financial [SYF] – find out why.

Synchrony Financial [NYSE: SYF] closed the trading session at $46.32.

The stocks have a year to date performance of 21.29 percent and weekly performance of 4.56 percent. The stock has been moved at 19.84 percent over the last six months. The stock has performed -10.42 percent around the most recent 30 days and changed 2.52 percent over the most recent 3-months.

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If compared to the average trading volume of 3.80M shares, SYF reached to a volume of 2726232 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to 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 $55.43 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 2.04. 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.

BofA Securities have made an estimate for Synchrony Financial shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 09, 2024. While these analysts kept the previous recommendation, Compass Point raised their target price to Buy. The new note on the price target was released on July 16, 2024, representing the official price target for Synchrony Financial stock. Previously, the target price had yet another raise to $56, while Robert W. Baird analysts kept a Outperform rating on SYF stock.

The Average True Range (ATR) for Synchrony Financial is set at 1.42, with the Price to Sales ratio for SYF stock in the period of the last 12 months amounting to 0.91. The Price to Book ratio for the last quarter was 1.28, with the Price to Cash per share for the same quarter was set at 47.14. Price to Free Cash Flow for SYF in the course of the last twelve months was 1.92.

SYF stock trade performance evaluation

Synchrony Financial [SYF] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.56. With this latest performance, SYF shares dropped by -10.42% in over the last four-week period, additionally plugging by 19.84% over the last 6 months – not to mention a rise of 35.32% 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 45.91, with the RSI for the last a single of trading hit 45.24, and the three-weeks RSI is set at 47.66 for Synchrony Financial [SYF]. The present Moving Average for the last 50 days of trading for this stock 46.78, while it was recorded at 46.01 for the last single week of trading, and 40.77 for the last 200 days.

Earnings per share (EPS) analysis for Synchrony Financial [SYF] stock

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 13.00%.

Synchrony Financial [SYF]: Institutional Ownership

The top three institutional holders of SYF stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in SYF stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in SYF stock with ownership which is approximately 5.1238%.