Media headlines about Synchrony Financial (NYSE:SYF) have trended positive on Tuesday, AlphaOne reports. The research firm, a unit of Accern, ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Synchrony Financial earned a news impact score of 0.45 on AlphaOne’s scale. AlphaOne also assigned news articles about the financial services provider an impact score of 63 out of 100, indicating that recent press coverage is somewhat likely to have an effect on the stock’s share price in the next few days.
These are some of the news articles that may have impacted Alpha One Sentiment Analysis’s analysis:
A number of research analysts have commented on SYF shares. Wells Fargo & Company started coverage on shares of Synchrony Financial in a research report on Wednesday, March 29th. They set an “outperform” rating on the stock. TheStreet cut shares of Synchrony Financial from a “b” rating to a “c+” rating in a research report on Wednesday, May 3rd. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Synchrony Financial in a research report on Sunday, April 30th. Jefferies Group LLC reiterated a “buy” rating and set a $45.00 price target on shares of Synchrony Financial in a research report on Tuesday, February 14th. Finally, ValuEngine lowered Synchrony Financial from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $37.71.
Shares of Synchrony Financial (SYF) traded up 0.80% during mid-day trading on Tuesday, reaching $28.99. The company had a trading volume of 5,308,844 shares. The firm has a 50-day moving average price of $28.32 and a 200-day moving average price of $33.67. The stock has a market capitalization of $23.51 billion, a price-to-earnings ratio of 11.06 and a beta of 1.02. Synchrony Financial has a 1-year low of $23.25 and a 1-year high of $38.06.
Synchrony Financial (NYSE:SYF) last announced its quarterly earnings data on Friday, April 28th. The financial services provider reported $0.61 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by $0.13. The business had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.54 billion. Synchrony Financial had a net margin of 14.21% and a return on equity of 15.42%. During the same period last year, the company earned $0.70 EPS. Equities analysts expect that Synchrony Financial will post $2.60 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 18th. Shareholders of record on Monday, May 8th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend was Thursday, May 4th. Synchrony Financial’s dividend payout ratio (DPR) is presently 19.85%.
In other Synchrony Financial news, insider David P. Melito sold 748 shares of the company’s stock in a transaction on Wednesday, April 5th. The stock was sold at an average price of $34.24, for a total value of $25,611.52. Following the completion of the sale, the insider now directly owns 43,390 shares in the company, valued at approximately $1,485,673.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Will W. Graylin bought 18,000 shares of the stock in a transaction on Monday, May 1st. The stock was purchased at an average price of $27.80 per share, with a total value of $500,400.00. Following the completion of the acquisition, the director now directly owns 55,389 shares in the company, valued at approximately $1,539,814.20. The disclosure for this purchase can be found here. Corporate insiders own 0.03% of the company’s stock.
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Synchrony Financial Company Profile
Synchrony Financial is a consumer financial services company. The Company provides a range of credit products through programs it has established with a group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers. The Company’s revenue activities are managed through three sales platforms: Retail Card, Payment Solutions and CareCredit.
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