The stock of Synchrony Financial (NYSE:SYF) increased by $0.56 on Tuesday to finish at $32.54, up 1.75 percent. The last five days have seen an average of 2,425,120 shares of common stock traded. 12 times new highs were reached in the current year, with a fall of -$0.32. The average number of shares traded over the last 20 days was 2,993,515, while the average volume over the last 50 days totaled 3,989,896.
SYF stock dropped -5.79% since last month. On 08/23/23, the company’s shares reached a one-month low of $31.37. The stock touched a high of $40.88 on 02/03/23, after rallying from a low of $26.59 in 52 weeks. The price of SYF stock has declined by -0.97% or -$0.32 this year, reaching a new high 12 times. Still, the stock price is down -20.41% 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 21 days ago on Aug 09. On Aug 09, MELITO DAVID P sold 15,015 shares at $35.00 each. This transaction resulted in the insider making $525,525. On Aug 01, DOUBLES BRIAN D sold 36,610 shares at a price of US$34.50. After the transaction, the insider now owns 565,240 shares. Schaller Bart had earlier sold 11,071 shares on Mar 03 for $36.25 a share. The transaction was completed for $401,324.
Valuation Metrics
Synchrony Financial (SYF) has a trailing price-to-earnings (P/E) ratio of 6.02. Beta for the stock is 1.59. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.72, the price-to-book (PB) ratio of 1.09, and the price-to-cash flow ratio of 1.88.
Company paid $0.25 per share in dividends, an increase of 8.7% from $0.23 last year. A $0.02 dividend increase was reported on Thursday July 20 2023.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.13, and the total debt to equity ratio is 1.13. Synchrony Financial’s operating margin stood at 60.50% for the same period. Based on annual data, it had gross profit of $15.62 billion and revenue of $17.15 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. SYF’s return on assets (ROA) during the last 12 months has been 2.30%. There was a 42.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 19.40%.
Earnings Surprise
According to Synchrony Financial’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that Synchrony Financial’s quarterly earnings would be $1.32, but it ended up being $1.24, beating the consensus by 6.50%. At the end of Synchrony Financial’s most recent quarter ended June 29, its total debt was $14.23 billion. Equity owned by shareholders amounts to $418.18 million.
Technical Picture
Here’s a quick look at Synchrony Financial’s (SYF) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 42.16%, suggesting the stock is Neutral, with a 21.70% historical volatility rate.
The stochastic %K and %D were 20.74% and 17.23% respectively, while the average true range (ATR) was 0.74. Based on the 14-day stochastic reading of 32.37%, the RSI (14) reading is 41.71%. On the 9-day MACD Oscillator, the stock is at -0.24, and the 14-day reading is at -0.81.
Analyst Ratings
Synchrony Financial (NYSE: SYF) was downgraded by Oppenheimer to a a Perform rating in its latest research report. The stock was previously rated as a an Outperform. Analysts have assigned Synchrony Financial (SYF) an Overweight rating. SYF is a stock that is recommended for selling by 3 brokerage firms, while 7 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 1 rate it overweight and 9 others recommend it as a buy.
What is SYF’s price target for the next 12 months?
The current consensus forecast for the stock is between $29.00 and $55.00, with a median target price of $39.50. In analyzing these forecasts, the average price target given by analysts for Synchrony Financial (SYF) is $39.06.
