Synchrony Financial (SYF) is Initiated by Wedbush to Outperform, Price Target at $31

Synchrony Financial (SYF) was Initiated by Wedbush to “Outperform” and the brokerage firm has set the Price Target at $31. Wedbush advised their investors in a research report released on Oct 11, 2016.

On the company’s financial health, Synchrony Financial reported $0.58 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 22, 2016. Analyst had a consensus of $0.54.Analysts expectations of $ 2622.20.During the same quarter in the previous year, the company posted $0.65 EPS.

Synchrony Financial closed down -0.32 points or -1.19% at $26.67 with 1,10,58,248 shares getting traded on Friday. Post opening the session at $27.1, the shares hit an intraday low of $26.49 and an intraday high of $27.42 and the price fluctuated in this range throughout the day.Shares ended Friday 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.

Synchrony Financial

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