Taking into account all relevant factors, Synchrony Financial (NYSE:SYF) scores 88% Buy on the technical side. The share price is also flashing a Buy from the Barchart TrendSpotter trading system. Investors starting out on a short-term path of investing should know that short terms indicators for SYF averaged 50% Buy with an average daily trading volume over the past 20 days at 4023215 shares. Those using medium-term investment strategies, the shares have overall a 1% Buy signal while the 50-day average daily volume remained almost 4458458 shares. It’s also important to note that the stock, whose average daily volume over the 100 days as of this piece was shares, is signaling100% Buy for long term investors.
The stock is lingering around the initial support level of $36.35. After this, the following support is at the zone of $35.88. Up until the time the SYF stock hit levels beyond the current one, bulls should have no alarm. In terms of its momentum, the stock’s RSI hit 58.45 on the daily chart, and this may be a cause for concern. In case the price goes below $35.88 level on closing basis, there may be more profit booking with the stock growing weaker. Still, getting to the $37.1 level may cause a pull-back move approaching $37.38 mark.
Synchrony Financial (SYF) is most likely going to rise 8.56 percent in the coming 12 months, as per price target approximations compiled by finviz. Nevertheless, they have set the price target at a $47-month high price target. This represents a whopping 27.65 percent increase from the current trading of shares. The 52-week median price target given by the analysts is $40, which means a return possibility of 8.64 percent in comparison with the closing price of the stock of $36.82 on December 03. The lowest price set for the stock is $35 — just above -4.94 percent from SYF share price now.
Let’s take a glimpse at some insider activity at Synchrony Financial (NYSE:SYF) and observe the pattern. The earliest insider trade happened on 09/30/2019. Graylin Will W parted with a total of 7.5 thousand shares of the firm at average share price of $33.71. The total amount for the sale was set at $252.83 thousand. On completing this exchange, the Director account balance was 69.16 thousand shares. The stock grew 10.18 percent from that insider sale. On 07/10/2019, MELITO DAVID P,, did a sale of 3.2 thousand shares at a price of $36 per share. This got rid of 115.34 thousand shares from the insider’s fortune and the stock experienced a 3.17 percent rally in price since the news became public. This exchange saw 23.57 thousand shares get out from the insider’s account. On 06/14/2019, KEANE MARGARET M recorded a sale transaction valued at $4.23 million. The sale at $33.82 a share has eliminated 125 thousand shares from the insider’s portfolio position. Meanwhile, shares price witnessed 9.82 percent increase since the transaction reporting date. The company insider is left with 523.9 thousand shares remaining in the account. MELITO DAVID P, performed a sale of 6.01 thousand shares in a transaction worth $205.98 thousand. The disposal recorded on 04/30/2019 was priced at $34.25 per share. The stock price soared 8.44 percent since the transaction. MELITO DAVID P currently holds a stake of 26.67 thousand in SYF stock which is worth $981.84 thousand after the insider selling.
On December 03, 2019, Synchrony Financial (NYSE:SYF) shares lost -0.86% or -0.32 points to close at $36.82 with a heavy trading volume of 4.854 million shares. It opened the trading session at $36.74, the shares rose to $36.91 and dropped to $36.16, the range by which the price of stock traded the whole day. The company now has a market cap of $23.8 billion and currently has 645.67 million outstanding shares. Synchrony Financial (SYF) stock has accumulated 3.02 percent of market value in 21 trading days.
Stock analysts at BofA/Merrill, assumed coverage of shares of Synchrony Financial (NYSE:SYF) with Buy recommendation, according to their opinion released on December 02. Analysts at Goldman issued an upgrade for the stock to Buy from previous rating of Neutral, in a research note that dated back to February 14.
SYF stock’s trailing 3-year beta is 1.16, meaning there will be a greater rate of return, although posing a higher risk. The part of a firm’s profit given to each outstanding share of regular stock was $5.49 share in the trailing 52 weeks. The stock’s value surged 56.95 percent year to date (YTD) compared to a rise of 41.72 percent in 52 week’s period. The firm’s shares are still trading -2.07 percent below its 1-year high of $37.60 and 69.09 percent up from 52-week low of $21.77. The average consensus ranking on the company is 1.9, on a ranging where 5 is equal to a consensus sell rating. In other words, the mean analyst recommendations are ranking this stock as a buy.
Synchrony Financial (SYF) shares are trading at a P/E ratio of 6.7 times earnings posted in the trailing 12 months. The industry SYF deals with has an average P/E of 21. Its P/B ratio is standing at 1.6X compared to the 4.7 industry average. It is additionally sporting a 1.5 on the Price-to-Sales ratio, compared to the industry’s P/S average of 5.3.
Past records have indicated that shares in Synchrony Financial rose on 14 different earnings reaction days and we have yet to see whether this trend will play out and remain in place when the company reports upcoming earnings. Investors will get the next hint of SYF’s Q4 earnings on January 16. Analysts are predicting revenue to suffer decline of -6.1 percent to $4.07B in the financial fourth quarter, while EPS will soar by about -1.83 percent to $1.07 per share. In the last quarter, it earnings of $1 per share came worse than the $1.06079, adjusted, expected by Thomson Reuters consensus estimate. Revenue for the quarter was $3.46B, topping the $3.42B analysts had expected. Earnings are seen to rise by 42.6 percent this year, 6.06 percent in the coming year and the trend continues by 12 percent every year in the next 5 years.