Synchrony Financial (NYSE:SYF) has been downgraded to Hold in a report by Zacks Investment Research today.
- Updated: November 29, 2016
Zacks Investment Research has downgraded Synchrony Financial (NYSE:SYF) to Hold in a statement released on Tuesday November 29, 2016.
Previously on 11/24/2016, Vetr Inc. reported on Synchrony Financial (NYSE:SYF) increased the target price from $0.00 to $36.22 that suggested an upside of 0.04%.
Having a price of $33.90, Synchrony Financial (NYSE:SYF) traded 0.25% higher on the day. With the last stock price up 19.94% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.03% over the same period. SYF has recorded a 50-day average of $29.84 and a two hundred day average of $28.34. Trade Volume was down over the average, with 783,544 shares of SYF changing hands under the typical 7,451,540
With a total market value of $0, Synchrony Financial has price-earnings ratio of 12.78 with a one year low of $23.25 and a one year high of $35.02 .
A total of 21 equity analysts have released a ratings update on SYF. Six analysts rating the company a strong buy, thirteen analysts rating the company a buy, two analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $37.29.
More About Synchrony Financial (NYSE:SYF)
Synchrony Financial is a consumer financial services company. The Company provides a range of credit products through programs it has established with a group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers. The Company's revenue activities are managed through three sales platforms: Retail Card, Payment Solutions and CareCredit. It offers its credit products through its subsidiary, Synchrony Bank (the Bank). Through the Bank, it offers a range of deposit products insured by the Federal Deposit Insurance Corporation (FDIC), including certificates of deposit, individual retirement accounts (IRAs), money market accounts and savings accounts. The Company offers three types of credit products: credit cards, commercial credit products and consumer installment loans. The Company also offers a debt cancellation product. It offers two types of credit cards: private label credit cards and Dual Cards.
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