Synchrony Financial (SYF) : The highest short term price target forecast on Synchrony Financial (SYF) is $41 and the lowest target price is $25. A total of 9 equity analysts are currently covering the company. The average price of all the analysts is $35.28 with a standard deviation of $5.07.
Synchrony Financial (SYF) stated gains of 3,803,673 shares or 26.9% in the short interest. The short interest registered from 14,126,685 on June 15,2016 to 17,930,358 on June 30,2016. In terms of floated shares, the shorted positions stood at 2.2%. The stock has been averaging 14,322,040 shares daily in trading and would need 1 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Brokerage firm Citigroup maintains its rating on Synchrony Financial (NYSE:SYF). As per the latest information, the brokerage house lowers the price target to $31 per share from a prior target of $38. The shares have been rated Buy. The rating by the firm was issued on June 15, 2016.
Synchrony Financial (NYSE:SYF): stock turned positive on Thursday. Though the stock opened at $28.59, the bulls momentum made the stock top out at $28.66 level for the day. The stock recorded a low of $28.09 and closed the trading day at $28.3, in the green by 0.64%. The total traded volume for the day was 5,896,333. The stock had closed at $28.12 in the previous days trading.
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.