Synchrony Financial (SYF) : 7 brokerage houses believe that Synchrony Financial (SYF) is a Strong Buy at current levels. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Synchrony Financial (SYF). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 9 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.44.
Synchrony Financial (SYF) stock is expected to deviate a maximum of $3.99 from the average target price of $35.5 for the short term period. 7 Street Experts have initiated coverage on the stock with the most promising target being $41 and the most muted being $31.
Also, In a research note released to the investors, Citigroup maintains its rating on Synchrony Financial (NYSE:SYF).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Citigroup lowers the new price target from $38 per share to $31 per share. The rating by the firm was issued on June 15, 2016.
Synchrony Financial (NYSE:SYF): After opening at $26.76, the stock dipped to an intraday low of $26.62 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $27.17 and the buying power remained strong till the end. The stock closed at $27.05 for the day, a gain of 0.82% for the day session. The total traded volume was 5,081,053. The stocks close on the previous trading day was $26.83.
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.