Predicting Future Price Moves In Synchrony Financial (SYF)

Synchrony Financial (NYSE:SYF) does about 4.34M shares in volume on a normal day but saw 3790036 shares change hands in Monday’s trading. The company now has a market cap of 18.03B USD. Its current market price is $44.91, marking a decrease of -1.79% compared to the previous close of $45.73. The 52 week high reached by this stock is $46.72 whilst the lowest price level in 52 weeks is $26.67.

Synchrony Financial (SYF) has a 20-day trading average at $43.93 and the current price is -3.87% off the 52-week high compared with 68.39% distance from its 52-week low. The 50-day simple moving average of the closing price is $42.68 and its 200-day simple moving average is $36.13. If we look at the stock’s price movements over the week, volatility stands at 2.44%, which increases to 2.54% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 56.82 to suggest the stock is neutral.

The consensus objective for the share price is $46.00, suggesting that the stock has a potential upside of 2.37% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on May 02, 2024 when Keefe Bruyette upgraded the stock to “Outperform” and issued a price target of between $45 and $62. Wolfe Research also upgraded the stock to “Outperform” from Underperform on April 04, 2024 at a price target of $36-$50. Morgan Stanley resumed its price target at $30.

Synchrony Financial (SYF) stock is down -2.88% over the week and 11.14% over the past month. Its price is 17.60% year-to-date and 63.85% over the past year.

To reach the target analysts have set, the stock logically needs to grow 2.37 percent from here.

The company has a return on investment of 10.12% and return on equity of 20.58%. The price to earnings ratio (P/E ratio) amounts to 6.44 while the forward price to earnings ratio is 7.56. The beta has a value of 1.61. Price to book ratio is 1.28 and price to sales ratio is 0.93.