Synchrony Financial (NYSE:SYF) has been rated by 9 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $41 and the lowest price target forecast is $29. The average forecast of all the analysts is $35.67 and the expected standard deviation is $4.25.
Synchrony Financial has lost 2.77% in the last five trading days and dropped 19.21% in the last 4 weeks. Synchrony Financial has dropped 13.81% during the last 3-month period . Year-to-Date the stock performance stands at -16.87%. Also, Citigroup maintains its rating on Synchrony Financial (NYSE:SYF). The global brokerage major lowers the current price target from $38 per share to $31 per share. Analysts at the Citigroup have a current rating of Buy on the shares. The rating by the firm was issued on June 15, 2016.
Synchrony Financial (NYSE:SYF) : The consensus on Synchrony Financial (NYSE:SYF) based on 13 analyst recommendation on the company stock is 1.38, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 10 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Synchrony Financial (NYSE:SYF): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $24.98 and $24.45 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $25.28. The buying momentum continued till the end and the stock did not give up its gains. It closed at $25.28, notching a gain of 1.81% for the day. The total traded volume was 10,654,647 . The stock had closed at $24.83 on the previous day.
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 Companys 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.