Are Analysts Too Bullish On Synchrony Financial (SYF)

Synchrony Financial (NYSE:SYF) currently has a daily average trading volume of 3.54M but it saw 2925113 shares traded in last market. With a market cap of 25.07B USD, the company’s current market price of $64.40 came rising about 1.18 while comparing to the previous closing price of $63.65. In past 52 weeks, the stock remained buoying in the range of price level as high as $67.76 and as low as $29.15. In the recent trading on the day, stock has struck highest price mark of $63.83 while lowest mark touched by it was $64.985.

Taking a look at 20-day trading activity of Synchrony Financial (SYF) gives us an average price of $60.76, while its current price level is -4.96% below from 52-week high level whereas it is 120.96% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $55.06 while that of 200 days or SMA-200 reads an average of $47.13. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.05% during that period while stretching the period over a month that increases to 2.56%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 65.40 which implies that the stock is in neutral territory.

BofA Securities upgraded its recommendation for the stock as a “Buy” from “Neutral” on August 09, 2024 while assigning a price target of $54. Compass Point issued its recommendations for the stock as it initiated the price target for the stock is $56.

Over the week, SYF’s stock price is moving -1.12% down while it is 15.68% when we observe its performance for the past one month. Year-to-date it is 68.63% up and over the past year, the stock is showing an upside performance of 115.96%.

Currently, Synchrony Financial’s total number of outstanding shares is 406.88M. Company’s return on investment (ROI) stands at 9.87% and return on equity (ROE) at 21.28%. It has a price to earnings ratio (P/E ratio) of 8.40 while having a 10.01 of forward P/E ratio. Stock’s beta reads 1.61. Stock has a price to book (P/B) ratio of 1.70 while price to sale or P/S ratio amounts to 1.22. Its return on asset (ROA) is 2.73% on average.