Headlines about Synchrony Financial (NYSE:SYF) have trended somewhat positive this week, according to AlphaOne. The research firm, a subsidiary of Accern, scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Synchrony Financial earned a daily sentiment score of 0.09 on AlphaOne’s scale. AlphaOne also assigned media coverage about the financial services provider an impact score of 54 out of 100, meaning that recent press coverage is somewhat likely to have an impact on the stock’s share price in the next several days.
These are some of the headlines that may have impacted Alpha One Sentiment’s rankings:
Shares of Synchrony Financial (SYF) traded up 0.66% during mid-day trading on Friday, hitting $27.40. The stock had a trading volume of 12,368,490 shares. Synchrony Financial has a one year low of $23.25 and a one year high of $38.06. The firm has a 50 day moving average of $29.00 and a 200 day moving average of $33.89. The stock has a market cap of $22.22 billion, a price-to-earnings ratio of 10.45 and a beta of 1.06.
Synchrony Financial (NYSE:SYF) last announced its earnings results on Friday, April 28th. The financial services provider reported $0.61 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.74 by $0.13. The company had revenue of $3.59 billion during the quarter, compared to analyst estimates of $3.54 billion. Synchrony Financial had a return on equity of 16.34% and a net margin of 15.15%. During the same period in the previous year, the company posted $0.70 earnings per share. On average, analysts forecast that Synchrony Financial will post $2.60 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, May 18th. Investors of record on Monday, May 8th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date was Thursday, May 4th. Synchrony Financial’s payout ratio is presently 19.19%.
A number of equities analysts have recently weighed in on SYF shares. Vetr cut Synchrony Financial from a “strong-buy” rating to a “buy” rating and set a $40.10 price target for the company. in a report on Monday, February 6th. Jefferies Group LLC reissued a “buy” rating and issued a $45.00 price target on shares of Synchrony Financial in a report on Tuesday, February 14th. Wells Fargo & Co initiated coverage on Synchrony Financial in a research note on Wednesday, March 29th. They issued an “outperform” rating for the company. BMO Capital Markets reiterated a “buy” rating and issued a $38.00 target price on shares of Synchrony Financial in a research note on Tuesday, April 11th. Finally, Oppenheimer Holdings Inc. initiated coverage on Synchrony Financial in a research report on Tuesday, April 11th. They set a “market perform” rating for the company. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $37.71.
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In other Synchrony Financial news, insider David P. Melito sold 748 shares of the business’s stock in a transaction dated Wednesday, April 5th. The shares were sold at an average price of $34.24, for a total transaction of $25,611.52. Following the sale, the insider now directly owns 43,390 shares of the company’s stock, valued at approximately $1,485,673.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Will W. Graylin purchased 18,000 shares of the business’s stock in a transaction on Monday, May 1st. The shares were acquired at an average cost of $27.80 per share, for a total transaction of $500,400.00. Following the completion of the transaction, the director now directly owns 55,389 shares in the company, valued at $1,539,814.20. The disclosure for this purchase can be found here. 0.02% of the stock is currently owned by corporate insiders.
About Synchrony Financial
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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