In the last trading session, 3.14 million shares of the Synchrony Financial (NYSE:SYF) were traded, and its beta was 1.61. Most recently the company’s share price was $55.15, and it changed around -$0.11 or -0.20% from the last close, which brings the market valuation of the company to $21.47B. SYF currently trades at a discount to its 52-week high of $57.26, offering almost -3.83% off that amount. The share price’s 52-week low was $27.42, which indicates that the current value has risen by an impressive 50.28% since then. We note from Synchrony Financial’s average daily trading volume that its 10-day average is 3.58 million shares, with the 3-month average coming to 3.30 million.
Synchrony Financial stock received a consensus recommendation rating of Buy, based on a mean score of 2.09. If we narrow it down even further, the data shows that 0 out of 21 analysts rate the stock as a Sell; another 5 rate it as Overweight. Among the rest, 6 recommended SYF as a Hold, whereas 10 deemed it a Buy, and 0 rated it as Underweight. Synchrony Financial is expected to report earnings per share of 1.85 for the current quarter.
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Synchrony Financial (NYSE:SYF) trade information
Instantly SYF has showed a red trend with a performance of -0.20% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 56.58 on recent trading dayincreased the stock’s daily price by 2.53%. The company’s shares are currently up 44.41% year-to-date, but still down -2.25% over the last five days. On the other hand, Synchrony Financial (NYSE:SYF) is 12.46% up in the 30-day period. We can see from the shorts that 12.59 million shares have been sold at a short interest cover period of 4.02 day(s).
The consensus price target as assigned by Wall Street analysts is $54, which translates to bulls needing to decrease their stock price by -2.13% from its current value. Analyst projections state that SYF is forecast to be at a low of $40 and a high of $68.
Synchrony Financial (SYF) estimates and forecasts
Synchrony Financial share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 23.46 percent over the past six months and at a 21.00% annual growth rate that is well above the industry average of 10.00%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 79.60% in revenue this quarter, and will report a decrease of -47.10% in the next quarter. The year-over-year growth rate is expected to be 6.10%, up from the previous year.
Consensus estimates provided by 9 financial analysts predict the company will bring in an average of 4.63B in revenue for the current quarter. 5 analysts expect Synchrony Financial to make 4.49B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 4.47B and 4.45B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 3.70%. Forecasts for the next quarter put sales growth at 0.90%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 6.75%. Synchrony Financial earnings are expected to increase by 24.40% in 2024, but the outlook is positive 38.63% per year for the next five years.
SYF Dividends
Synchrony Financial’s next quarterly earnings report is expected to be released in November. The annual dividend yield of the stock is 1.81 percent and its annual dividend per share was 1.00. It is important to note, however, that the 1.81% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 2.66 per year.
Synchrony Financial (NYSE:SYF)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.54% of Synchrony Financial shares, and 105.32% of them are in the hands of institutional investors. The stock currently has a share float of 105.89%. Synchrony Financial stock is held by 1104.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 12.4208% of the shares, which is about 50.27 million shares worth $2.37 billion.
CAPITAL WORLD INVESTORS, with 10.7791% or 43.62 million shares worth $2.06 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
