What Could Be Propelling Synchrony Financial to Decrease?

 What Could Be Propelling Synchrony Financial to Decrease?

In today’s session Synchrony Financial (SYF) recorded an unusually high (11,007) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious SYF decrease. With 11,007 contracts traded and 389124 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: SYF170120P00028000 closed last at: $2.1 or 10.5% up. About 2.40 million shares traded hands. Synchrony Financial (NYSE:SYF) has declined 2.17% since March 3, 2016 and is downtrending. It has underperformed by 10.51% the S&P500.

Analysts await Synchrony Financial (NYSE:SYF) to report earnings on October, 21. They expect $0.70 earnings per share, up 1.45% or $0.01 from last year’s $0.69 per share. SYF’s profit will be $596.66 million for 9.73 P/E if the $0.70 EPS becomes a reality. After $0.58 actual earnings per share reported by Synchrony Financial for the previous quarter, Wall Street now forecasts 20.69% EPS growth.

Synchrony Financial (NYSE:SYF) Ratings Coverage

Out of 17 analysts covering Synchrony Financial (NYSE:SYF), 13 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 76% are positive. $42 is the highest target while $31 is the lowest. The $37.46 average target is 37.57% above today’s ($27.23) stock price. Synchrony Financial has been the topic of 26 analyst reports since July 20, 2015 according to StockzIntelligence Inc. The stock of Synchrony Financial (NYSE:SYF) earned “Market Perform” rating by BMO Capital Markets on Monday, October 19. BMO Capital Markets downgraded the shares of SYF in a report on Wednesday, September 16 to “Market Perform” rating. The stock of Synchrony Financial (NYSE:SYF) has “Buy” rating given on Wednesday, January 13 by DA Davidson. The rating was maintained by Citigroup with “Buy” on Wednesday, June 15. The firm has “Neutral” rating given on Friday, April 8 by Bank of America. Sterne Agee CRT upgraded Synchrony Financial (NYSE:SYF) on Monday, November 23 to “Buy” rating. The stock of Synchrony Financial (NYSE:SYF) has “Buy” rating given on Tuesday, August 18 by Zacks. The firm has “Buy” rating given on Tuesday, October 20 by Nomura. Macquarie Research initiated the stock with “Neutral” rating in Wednesday, May 11 report. Buckingham Research initiated Synchrony Financial (NYSE:SYF) on Wednesday, August 26 with “Buy” rating.

According to Zacks Investment Research, “Synchrony Financial is a consumer financial services company. It offers private label credit cards, dual cards and small and medium-sized business credit products; promotional financing for consumer purchases, including installment loans; and promotional financing to consumers. The company also offers various deposit products, such as certificates of deposit, individual retirement accounts, money market accounts, and savings accounts directly to retail and commercial customers under the Optimizer+Plus brand. Synchrony Financial is headquartered in Stamford, Connecticut.”

Synchrony Financial is a consumer financial services company. The company has a market cap of $23.21 billion. The Firm 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. It has a 10.39 P/E ratio. The Company’s revenue activities are managed through three sales platforms: Retail Card, Payment Solutions and CareCredit.

SYF Company Profile

Synchrony Financial (Synchrony), incorporated on September 12, 2003, is a consumer financial services company. The Firm 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. It offers its credit products through its subsidiary, Synchrony Bank (the Bank). Through the Bank, it offers a range of deposit products insured by the Federal Deposit Insurance Corporation (FDIC), including certificates of deposit, individual retirement accounts (IRAs), money market accounts and savings accounts.

More recent Synchrony Financial (NYSE:SYF) news were published by: Seekingalpha.com which released: “Synchrony Financial: Attractively Priced But Is Now The Right Time To Buy?” on October 05, 2016. Also Finance.Yahoo.com published the news titled: “Competitor Group and Synchrony Financial Are Running Together with Rock ‘n …” on September 14, 2016. Businesswire.com‘s news article titled: “Fitch Affirms Synchrony Financial’s Ratings at ‘BBB-‘ and ‘F3’; Outlook Stable” with publication date: September 28, 2016 was also an interesting one.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment