Synchrony Financial (NYSE:SYF) finished Thursday with a subtraction of $0.0 to close at $34.40, a downside of 0.00 percent. An average of 2,885,140 shares of common stock have been traded in the last five days. There was a gain of $0.10 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 4,116,260 shares traded, while the 50-day average volume stands at 4,722,564.
SYF stock has decreased by -1.35% in the last month. The company shares reached their 1-month lowest point of $33.52 on 08/02/23. With the stock rallying to its 52-week high on 02/03/23, shares of the company touched a low of $26.59 and a high of $40.88 in 52 weeks. It has reached a new high 12 times so far this year and achieved 4.69% or $1.54 in price. In spite of this, the price is down -15.86% from the 52-week high.
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Insider Transactions
SYF stock investors should be aware that Synchrony Financial (SYF) stock had its last reported insider trading activity 10 days ago on Aug 01. In this transaction, the insider spent $1,263,045., Schaller Bart, disposed of 11,071 shares at a price of $36.25 on Mar 03. The insider now owns more than $401,324 worth of shares. Prior to that, Juel Carol went on to Sale 4,490 shares at $36.16 each on Mar 03. An amount of $162,358 was transacted.
Valuation Metrics
Synchrony Financial (SYF) has a trailing price-to-earnings (P/E) ratio of 6.37. The stock’s beta is 1.58. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.76, the price-to-book (PB) ratio at 1.15, and the price-to-cash flow ratio at 2.09.
The company has a payout ratio of 17.30%. The company’s most recent quarterly dividend payment was $0.25 a share, representing a up of 8.7% from $0.23 last year. Its latest increase dividend $0.02 reported on Thursday July 20 2023.
Financial Health
Further, the company has a long term debt to equity ratio of 1.13 and a total debt to equity ratio of 1.13 for the quarter ending June 29. Its gross profit as reported stood at $15.62 billion compared to revenue of $17.15 billion.
Earnings Surprise
For the three-month period that ended June 29, Synchrony Financial had $14.23 billion in total debt. The analyst consensus anticipated Synchrony Financial’s latest quarter earnings to come in at $1.24 per share, but it turned out to be $1.32, a 6.50% surprise. At the end of the quarter ending June 29, Synchrony Financial’s stock balance sheet showed total debt was $14.23 billion. Shareholders own equity worth $418.18 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Synchrony Financial (SYF) price momentum. RSI 9-day as of the close on 10 August was 45.89%, suggesting the stock is Neutral, with historical volatility in this time frame at 13.27%.
As of today, SYF’s price is $34.55 +0.29% or $0.10 from its 5-day moving average. SYF is currently trading -3.56% lower than its 20-day SMA and +20.74% higher than its 100-day SMA. However, the stock’s current price level is +10.15% above the SMA50 and +6.14% above the SMA200.
The stochastic %K and %D were 43.32% and 43.98%, respectively, and the average true range (ATR) was 0.82. With the 14-day stochastic at 37.13% and the average true range at 0.83, the RSI (14) stands at 49.70%. The stock has reached 0.05 on the 9-day MACD Oscillator while the 14-day reading was at -0.14.
Analyst Ratings
Oppenheimer downgraded Synchrony Financial (NYSE: SYF) to a a Perform rating in its most recent analyst report. Previously, the stock was rated as an Outperform. The consensus rating for Synchrony Financial (SYF) among analysts is Overweight. According to current brokerage recommendations, 3 brokerage firms advise that investors sell SYF, while 7 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 9 others rate it as a “buy”.
What is SYF’s price target for the next 12 months?
Analysts predict a range of price targets between $29.00 and $55.00, with a median target of $39.50. Taking a look at these predictions, the average price target given by analysts for Synchrony Financial (SYF) stock is $39.06.
