Barclays Capital Indicates Potential 62.88% Increase In Shares Of Synchrony Financial
- Author: Zachary Reyes May 05, 2017,
May 05, 2017, 0:50
Oppenheimer Holdings Inc. reaffirmed a "hold" rating on shares of Synchrony Financial in a research report on Sunday. Jefferies Group also issued estimates for Synchrony Financial's Q3 2017 earnings at $0.66 EPS, Q4 2017 earnings at $0.85 EPS, FY2017 earnings at $2.61 EPS, Q1 2018 earnings at $0.88 EPS, Q2 2018 earnings at $0.80 EPS and Q3 2018 earnings at $0.84 EPS. Oppenheimer Holdings now has a "Hold" rating on the stock.
Now the shares of Synchrony Financial (SYF) has a trading volume of 25.49 Million shares, with an average trading volume of 16410 shares - with shares dropping to a 52 week low of $22.95, and the company's shares hitting a 52 week high of $ 37.92. The financial services provider reported $0.61 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.74 by $0.13. The business earned $3.59 billion during the quarter, compared to analyst estimates of $3.54 billion.
Synchrony Financial (NYSE:SYF) last posted its earnings results on Friday, April 28th. If you are accessing this news story on another site, it was illegally stolen and reposted in violation of USA and worldwide trademark and copyright laws. The correct version of this story can be viewed at https://baseballnewssource.com/markets/synchrony-financial-syf-position-raised-by-raymond-james-trust-n-a-updated/627795.html.
In order to reach an opinion and communicate the value and volatility of a covered security, analysts research public financial statements, listen in on conference calls and talk to managers and the customers of a company, typically in an attempt to capture the findings for a research report. Citigroup upgraded the stock to "Buy" rating in Friday, February 24 report. It has a dividend yield of 1.40% and a 5 year dividend growth rate of 0.00%. BMO Capital Markets restated a "buy" rating and issued a $38.00 price objective on shares of Synchrony Financial in a report on Tuesday, April 11th. "Ultimately, through all this investigation into the company's performance the analyst decides whether their stock is a "buy", sell" or hold". Also, the current price highlights a discount of 244.83% to analysts' high consensus price target.
The number of shares traded in the last trading session was 25.49 Million.
In the trailing 12 months period, its return on investment ratio was 23.90%.
Synchrony Financial (SYF)'s distance from 200 day simple moving average is -9.48 percent, its distance from 50 day simple moving average is -15.73 percent, while its distance from 20 day simple moving average is -11.72 percent. The stock has a market capitalization of $23.35 billion, a P/E ratio of 10.63 and a beta of 1.06. Finally, Bank of The West acquired a new stake in Synchrony Financial during the third quarter valued at about $201,000. State Street Corp now owns 35,391,924 shares of the financial services provider's stock worth $1,283,661,000 after buying an additional 2,287,606 shares during the last quarter. Beese Fulmer Investment Management Inc. boosted its stake in Synchrony Financial by 4.5% in the first quarter. Farmers & Merchants Investments Inc. now owns 54,826 shares of the financial services provider's stock worth $1,881,000 after buying an additional 339 shares in the last quarter. US Bancorp DE raised its position in shares of Synchrony Financial by 8.0% in the first quarter. Princeton Alpha Management LP now owns 20,583 shares of the financial services provider's stock valued at $706,000 after buying an additional 1,645 shares in the last quarter. Meiji Yasuda Life Ins Com invested in 19,150 shares or 0.18% of the stock. Synchrony Financial had a return on equity of 16.34% and a net margin of 15.15%. Davy Asset Management Limited accumulated 28,893 shares or 0.34% of the stock. Earnings per share serves as an indicator of a company's profitability. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The shares were sold at an average price of $36.13, for a total transaction of $292,978.17. Daiwa Securities Group Inc. now owns 23,000 shares of the financial services provider's stock valued at $789,000 after buying an additional 1,450 shares in the last quarter. Following the transaction, the insider now directly owns 43,390 shares in the company, valued at approximately $1,485,673.60. The disclosure for this purchase can be found here. The stock increased 3.33% or $0.93 during the last trading session, reaching $28.87.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. The ex-dividend date is Thursday, May 4th.