Media coverage about Synchrony Financial (NYSE:SYF) has been trending somewhat positive on Saturday, according to Accern. The research firm ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Synchrony Financial earned a media sentiment score of 0.04 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 45.8719911362752 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the media stories that may have impacted Accern’s rankings:
SYF has been the subject of several research analyst reports. TheStreet upgraded shares of Synchrony Financial from a “c” rating to a “b” rating in a research report on Monday, July 31st. BidaskClub upgraded shares of Synchrony Financial from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. ValuEngine upgraded shares of Synchrony Financial from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. Jefferies Group LLC restated a “buy” rating and issued a $40.00 price objective on shares of Synchrony Financial in a report on Friday, June 9th. Finally, BMO Capital Markets restated a “buy” rating on shares of Synchrony Financial in a report on Friday, July 21st. One research analyst has rated the stock with a sell rating, nine have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $37.61.
Shares of Synchrony Financial (NYSE SYF) traded down 0.45% on Friday, reaching $31.05. 5,255,634 shares of the company’s stock were exchanged. The company’s 50 day moving average is $29.92 and its 200-day moving average is $30.47. The stock has a market cap of $24.70 billion, a price-to-earnings ratio of 11.66 and a beta of 1.01. Synchrony Financial has a one year low of $26.01 and a one year high of $38.06.
Synchrony Financial (NYSE:SYF) last issued its quarterly earnings results on Friday, July 21st. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. Synchrony Financial had a return on equity of 15.30% and a net margin of 13.84%. The company had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same period last year, the company earned $0.58 earnings per share. On average, analysts anticipate that Synchrony Financial will post $2.59 EPS for the current year.
In other Synchrony Financial news, Director Paget Leonard Alves bought 2,000 shares of the firm’s stock in a transaction dated Monday, July 24th. The stock was acquired at an average cost of $30.85 per share, for a total transaction of $61,700.00. Following the completion of the transaction, the director now owns 8,521 shares in the company, valued at $262,872.85. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 0.03% of the stock is currently owned by company insiders.
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About Synchrony Financial
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.
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