Media coverage about Synchrony Financial (NYSE:SYF) has been trending somewhat positive this week, AlphaOne reports. The research group, a subsidiary of Accern, scores the sentiment of news coverage by monitoring more than 20 million blog and news 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 coverage optimism score of 0.09 on AlphaOne’s scale. AlphaOne also gave headlines about the financial services provider an impact score of 54 out of 100, indicating that recent news coverage is somewhat likely to have an impact on the stock’s share price in the next few days.
Here are some of the news headlines that may have impacted AlphaOne’s rankings:
A number of brokerages have recently weighed in on SYF. Vetr raised shares of Synchrony Financial from a “buy” rating to a “strong-buy” rating and set a $41.66 target price on the stock in a research note on Tuesday, March 7th. Goldman Sachs Group, Inc. (The) lowered shares of Synchrony Financial from a “conviction-buy” rating to a “neutral” rating and cut their target price for the company from $44.00 to $33.00 in a research note on Friday, April 28th. Guggenheim lowered shares of Synchrony Financial from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $38.00 to $32.00 in a research note on Wednesday, May 3rd. Barclays PLC boosted their price objective on shares of Synchrony Financial from $36.00 to $47.00 and gave the stock an “overweight” rating in a research note on Monday, May 1st. Finally, Oppenheimer Holdings, Inc. assumed coverage on shares of Synchrony Financial in a research note on Tuesday, April 11th. They set a “market perform” rating on the stock. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $37.71.
Synchrony Financial (SYF) traded up 0.80% during trading on Tuesday, hitting $28.99. 5,308,844 shares of the company’s stock were exchanged. Synchrony Financial has a 12-month low of $23.25 and a 12-month high of $38.06. The firm has a market cap of $23.51 billion, a price-to-earnings ratio of 11.06 and a beta of 1.02. The company’s 50-day moving average price is $28.18 and its 200 day moving average price is $33.63.
Synchrony Financial (NYSE:SYF) last released its quarterly earnings results 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. Synchrony Financial had a return on equity of 15.42% and a net margin of 14.21%. The company had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.54 billion. During the same quarter last year, the company earned $0.70 EPS. Equities analysts forecast that Synchrony Financial will post $2.60 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, May 18th. Stockholders of record on Monday, May 8th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend 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 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 transaction, the insider now owns 43,390 shares in the company, valued at $1,485,673.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Will W. Graylin acquired 18,000 shares of the business’s stock in a transaction on Monday, May 1st. The stock was acquired at an average price of $27.80 per share, with a total value of $500,400.00. Following the transaction, the director now directly owns 55,389 shares of the company’s stock, valued at approximately $1,539,814.20. The disclosure for this purchase can be found here. 0.03% of the stock is owned by corporate insiders.
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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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