Synchrony Financial (SYF) was Reiterated by Jefferies to “Buy” while Lowering the Price Target of the company shares to $ 35 from a previous price target of $42 . Jefferies advised their investors in a research report released on Jun 15, 2016.
Many Wall Street Analysts have commented on Synchrony Financial. Synchrony Financial was Initiated by Macquarie to “Neutral” on May 11, 2016. Company shares were Reiterated by Deutsche Bank on Apr 25, 2016 to “Buy”, Firm has raised the Price Target to $ 35 from a previous price target of $34 .Synchrony Financial was Downgraded by BofA/Merrill to ” Neutral” on Apr 8, 2016.
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 closed down -3.99 points or -13.11% at $26.45 with 6,60,08,688 shares getting traded on Tuesday. Post opening the session at $29.26, the shares hit an intraday low of $25.45 and an intraday high of $29.26 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on May 26, 2016, Brian D Doubles (officer ) sold 1,000 shares at $30.00 per share price. According to the SEC, on May 26, 2016, Margaret M Keane (director officer ) sold 1,000 shares at $30.00 per share price. On Nov 19, 2015, Daniel O Colao (director) purchased 2,107 shares at $0.00 per share price, according to the Form-4 filing with the securities and exchange commission.
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.