Media coverage about Synchrony Financial (NYSE:SYF) has been trending somewhat positive on Friday, Accern Sentiment reports. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Synchrony Financial earned a news impact score of 0.12 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 45.4656894555847 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the media stories that may have effected Accern’s rankings:
- Synchrony Financial (SYF) Set to Announce Earnings on Friday (americanbankingnews.com)
- Making Way Towards North with Performance Booster: Synchrony Financial (NYSE:SYF) – NASDAQ Times (nasdaqtimes.com)
- Poor future performance Ahead on Synchrony Financial (SYF) – Street Observer (press release) (streetobserver.com)
- Wells Fargo Resumes Synchrony Financial (SYF) at Market Perform – StreetInsider.com (streetinsider.com)
- Synchrony Financial (SYF) Coverage Initiated by Analysts at Wells Fargo & Company (americanbankingnews.com)
Synchrony Financial (NYSE:SYF) last announced its quarterly earnings results on Friday, July 21st. The financial services provider reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.03. The company had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.59 billion. Synchrony Financial had a return on equity of 15.30% and a net margin of 13.84%. During the same period last year, the business earned $0.58 earnings per share.
A number of equities analysts have weighed in on the company. Morgan Stanley reissued an “overweight” rating and issued a $35.00 target price (up previously from $33.00) on shares of Synchrony Financial in a research report on Tuesday, July 25th. TheStreet raised Synchrony Financial from a “c” rating to a “b” rating in a research report on Monday, July 31st. Bank of America Corporation lowered Synchrony Financial from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $35.00 to $33.00 in a research report on Friday, October 6th. ValuEngine raised Synchrony Financial from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $40.00 target price on shares of Synchrony Financial in a research report on Friday, August 25th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Synchrony Financial currently has a consensus rating of “Buy” and a consensus price target of $36.63.
In related news, Director Paget Leonard Alves purchased 2,000 shares of Synchrony Financial stock in a transaction that occurred on Monday, July 24th. The stock was bought 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 filing with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is currently owned by company insiders.
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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