Synchrony Financial (SYF) was Reiterated by Deutsche Bank to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 35 from a previous price target of $34 . Deutsche Bank advised their investors in a research report released on Apr 25, 2016.
Many Wall Street Analysts have commented on Synchrony Financial. Synchrony Financial was Downgraded by BofA/Merrill to ” Neutral” on Apr 8, 2016. Shares were Reiterated by Deutsche Bank on Feb 18, 2016 to “Hold” and Lowered the Price Target to $ 34 from a previous price target of $39 .
On the company’s financial health, Synchrony Financial reported $0.70 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 22, 2016. Analyst had a consensus of $0.69.Analysts expectations of $ 2565.24.During the same quarter in the previous year, the company posted $0.66 EPS.
Synchrony Financial opened for trading at $30.03 and hit $31.19 on the upside on Friday, eventually ending the session at $30.5, with a gain of 0.26% or 0.08 points. The heightened volatility saw the trading volume jump to 91,38,493 shares. Company has a market cap of $25,432 M.
In a different news, on Nov 19, 2015, Daniel O Colao (director) purchased 2,107 shares at $0.00 per share price. According to the SEC, on Nov 19, 2015, Anne Kennelly Kratky (director) purchased 1,639 shares at $0.00 per share price.
Synchrony Financial (Synchrony) is a consumer financial services company. The Company provides a range of credit products through programs it has established with a group of 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. The Company offers two types of credit cards: private label credit cards and Dual Cards. It offers its credit products through its wholly owned subsidiary Synchrony Bank (the Bank). Through the Bank it offers a range of deposit products insured by the Federal Deposit Insurance Corporation (FDIC) including certificates of deposit individual retirement accounts (IRAs) money market accounts and savings accounts under its Optimizer+Plus brand.