BTIG Research slashes price target on Synchrony Financial [SYF] – find out why.

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Synchrony Financial [NYSE: SYF] gained 0.47% on the last trading session, reaching $55.26 price per share at the time.

If compared to the average trading volume of 3.30M shares, SYF reached a trading volume of 2616553 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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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 $60.10 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 2.12. 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.

BTIG Research have made an estimate for Synchrony Financial shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on September 16, 2024. The new note on the price target was released on August 09, 2024, representing the official price target for Synchrony Financial stock. Previously, the target price had yet another raise to $56, while Compass Point analysts kept a Buy rating on SYF stock.

The Average True Range (ATR) for Synchrony Financial is set at 1.36, with the Price to Sales ratio for SYF stock in the period of the last 12 months amounting to 1.06. The Price to Book ratio for the last quarter was 1.46, with the Price to Cash per share for the same quarter was set at 45.38. Price to Free Cash Flow for SYF in the course of the last twelve months was 2.23.

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 -2.54. With this latest performance, SYF shares gained by 14.65% in over the last four-week period, additionally plugging by 23.73% over the last 6 months – not to mention a rise of 101.90% 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 64.31, with the RSI for the last a single of trading hit 63.90, and the three-weeks RSI is set at 63.07 for Synchrony Financial [SYF]. The present Moving Average for the last 50 days of trading for this stock 50.11, while it was recorded at 55.63 for the last single week of trading, and 44.95 for the last 200 days.

Synchrony Financial [SYF]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Synchrony Financial posted 1.03/share EPS, while the average EPS was predicted by analysts to be reported at 0.93/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.1. 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 38.60%.

An analysis of Institutional ownership at Synchrony Financial [SYF]

There are presently around $105.38%, or 105.95%% of SYF stock, in the hands of institutional investors. The top three institutional holders of SYF stocks are: VANGUARD GROUP INC with ownership of 50.27 million shares, which is approximately 12.4208%. CAPITAL WORLD INVESTORS, holding 43.62 million shares of the stock with an approximate value of $$2.06 billion in SYF stocks shares; and CAPITAL WORLD INVESTORS, currently with $$1.69 billion in SYF stock with ownership which is approximately 8.8486%.