Zacks Investment Research downgraded Synchrony Financial (NYSE:SYF) to Sell in a report released today.
- Updated: October 2, 2016
Zacks Investment Research has downgraded Synchrony Financial (NYSE:SYF) to Sell in a report released on 9/28/2016.
Only yesterday Synchrony Financial (NYSE:SYF) traded 2.30% higher at $27.64. SYF’s 50-day average is $27.34 and its 200-day moving average is $28.29. With the last closing price down -1.03% relative to the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the date range. Volume of trade was up over the average, with 7,039,764 shares of SYF changing hands over the typical 6,403,080
With a total market value of $0, Synchrony Financial has price-earnings ratio of 10.69 with a one year low of $23.25 and a one year high of $34.60 .
A total of 21 equity analysts have released a research note on SYF. Six equity analysts rating the company a strong buy, thirteen equity analysts rating the company a buy, two equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year 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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