Synchrony Financial (NYSE:SYF) finished Friday with a subtraction of -$0.1 to close at $31.85, a downside of -0.31 percent. An average of 2,917,040 shares of common stock have been traded in the last five days. There was a fall of -$1.32 in the past week, and it reached a new high 9 times over the past 12 months. The last 20 days have seen an average of 3,187,040 shares traded, while the 50-day average volume stands at 4,174,108.
SYF stock has decreased by -8.29% in the last month. The company shares reached their 1-month lowest point of $31.37 on 08/23/23. 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 lost -3.07% or -$1.01 in price. In spite of this, the price is down -22.10% 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 17 days ago on Aug 09. In this transaction, the insider spent $525,525., DOUBLES BRIAN D, disposed of 36,610 shares at a price of $34.50 on Aug 01. The insider now owns more than $1,263,045 worth of shares. Prior to that, Schaller Bart went on to Sale 11,071 shares at $36.25 each on Mar 03. An amount of $401,324 was transacted.
Valuation Metrics
Synchrony Financial (SYF) has a trailing price-to-earnings (P/E) ratio of 5.90. The stock’s beta is 1.59. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.70, the price-to-book (PB) ratio at 1.06, and the price-to-cash flow ratio at 1.82.
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 25 August was 26.01%, suggesting the stock is oversold, with historical volatility in this time frame at 20.33%.
As of today, SYF’s price is $32.11 -3.98% or -$1.32 from its 5-day moving average. SYF is currently trading -7.92% lower than its 20-day SMA and +8.41% higher than its 100-day SMA. However, the stock’s current price level is -5.04% below the SMA50 and -12.02% below the SMA200.
The stochastic %K and %D were 15.71% and 12.55%, respectively, and the average true range (ATR) was 0.76. With the 14-day stochastic at 13.15% and the average true range at 0.78, the RSI (14) stands at 32.54%. The stock has reached -0.62 on the 9-day MACD Oscillator while the 14-day reading was at -1.32.
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 1 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.
