Is Synchrony Financial (SYF) a good stock to buy now?

Synchrony Financial (NYSE: SYF) is -4.78% lower on its value in year-to-date trading and has touched a low of $12.15 and a high of $36.43 in the current 52-week trading range. The SYF stock was last observed hovering at around $33.93 in the last trading session, with the day’s gains setting it 0.36% off its average median price target of $36.00 for the next 12 months. It is also 32.76% off the consensus price target high of $51.00 offered by 20 analysts, but current levels are -22.46% lower than the price target low of $28.00 for the same period.

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Currently trading at $34.29, the stock is 4.30% and 13.26% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.58 million and changing 1.06% at the moment leaves the stock 42.60% off its SMA200. SYF registered -4.78% loss for a year compared to 6-month gain of 58.68%. The firm has a 50-day simple moving average (SMA 50) of $31.84 and a 200-day simple moving average (SMA200) of $26.74.

The stock witnessed a 12.54% loss in the last 1 month and extending the period to 3 months gives it a 31.03%, and is 3.10% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.08% over the week and 2.70% over the month.

Synchrony Financial (SYF) has around 16500 employees, a market worth around $20.12B and $16.66B in sales. Current P/E ratio is 15.72 and Fwd P/E is 10.21. Profit margin for the company is 8.10%. Distance from 52-week low is 182.22% and -5.87% from its 52-week high. The company has generated returns on investments over the last 12 months (33.50%).

Synchrony Financial (SYF) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Synchrony Financial (SYF) is a “Buy”. 20 analysts offering their recommendations for the stock have an average rating of 1.80, where 4 rate it as a Hold and 0 think it is a “Overweight”. 16 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Synchrony Financial is expected to release its quarterly report on 01/22/2021 and quarterly earnings per share for the current quarter are estimated at $0.74 with sales reaching $3.56B over the same period.The EPS is expected to grow by 48.90% this year, but quarterly earnings will post -14.30% year-over-year. Quarterly sales are estimated to shrink -11.60% in year-over-year returns.

Synchrony Financial (SYF) Top Institutional Holders

888 institutions hold shares in Synchrony Financial (SYF), with 2.15M shares held by insiders accounting for 0.37% while institutional investors hold 102.19% of the company’s shares. The shares outstanding are 583.80M, and float is at 581.64M with Short Float at 1.87%. Institutions hold 101.81% of the Float.

The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 63.48 million shares valued at $1.66 billion. The investor’s holdings represent 10.87% of the SYF Shares outstanding. As of Sep 29, 2020, the second largest holder is Capital World Investors with 48.33 million shares valued at $1.26 billion to account for 8.28% of the shares outstanding. The other top investors are Blackrock Inc. which holds 39.84 million shares representing 6.82% and valued at over $1.04 billion, while FMR, LLC holds 6.33% of the shares totaling 36.96 million with a market value of $967.26 million.

Synchrony Financial (SYF) Insider Activity

The most recent transaction is an insider sale by GREIG HENRY F. SEC filings show that GREIG HENRY F sold 35,000 shares of the company’s common stock on Nov 16 at a price of $31.00 per share for a total of $1.08 million. Following the sale, the insider now owns 0.16 million shares.

Synchrony Financial disclosed in a document filed with the SEC on Nov 12 that GREIG HENRY F sold a total of 35,000 shares of the company’s common stock. The trade occurred on Nov 12 and was made at $29.00 per share for $1.01 million. Following the transaction, the insider now directly holds 0.16 million shares of the SYF stock.

Still, SEC filings show that on Nov 12, Whynott Paul disposed off 20,000 shares at an average price of $28.92 for $0.58 million. The insider now directly holds 63,270 shares of Synchrony Financial (SYF).

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Synchrony Financial (SYF): Who are the competitors?

The company’s main competitors (and peers) include Visa Inc. (V) that is 16.21% higher over the past 12 months. FLEETCOR Technologies Inc. (FLT) is -6.15% down on the 1-year trading charts. Short interest in the company’s stock has fallen -8.72% from the last report on Nov 12, 2020 to stand at a total of 11.85 million short shares sold with a short interest ratio of 2.58.

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