Synchrony Financial Just Recorded A Sigfniciant Bullish Options Activity

 Synchrony Financial Just Recorded A Sigfniciant Bullish Options Activity

In today’s session Synchrony Financial (SYF) registered an unusually high (761) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious SYF increase. With 761 contracts traded and 5104 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: SYF170120C00027000 closed last at: $1.45 or 11.5% up. About 2.08M shares traded hands. Synchrony Financial (NYSE:SYF) has declined 4.55% since March 15, 2016 and is downtrending. It has underperformed by 10.04% the S&P500.

Analysts await Synchrony Financial (NYSE:SYF) to report earnings on October, 21. They expect $0.70 EPS, up 1.45% or $0.01 from last year’s $0.69 per share. SYF’s profit will be $577.74 million for 9.53 P/E if the $0.70 EPS becomes a reality. After $0.58 actual EPS reported by Synchrony Financial for the previous quarter, Wall Street now forecasts 20.69% EPS growth.

Synchrony Financial (NYSE:SYF) Ratings Coverage

Out of 18 analysts covering Synchrony Financial (NYSE:SYF), 14 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 78% are positive. $42 is the highest target while $31 is the lowest. The $37.03 average target is 38.79% above today’s ($26.68) stock price. Synchrony Financial has been the topic of 27 analyst reports since July 20, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Citigroup on Wednesday, June 15. The firm earned “Market Perform” rating on Monday, October 19 by BMO Capital Markets. Sterne Agee CRT upgraded Synchrony Financial (NYSE:SYF) on Monday, November 23 to “Buy” rating. Jefferies maintained Synchrony Financial (NYSE:SYF) on Wednesday, June 15 with “Buy” rating. BMO Capital Markets downgraded the shares of SYF in a report on Wednesday, September 16 to “Market Perform” rating. As per Tuesday, October 20, the company rating was upgraded by Nomura. Buckingham Research initiated Synchrony Financial (NYSE:SYF) on Wednesday, August 26 with “Buy” rating. The company was downgraded on Tuesday, August 18 by Zacks. Deutsche Bank maintained it with “Buy” rating and $36 target price in Wednesday, May 4 report. DA Davidson initiated the stock with “Buy” rating in Wednesday, January 13 report.

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 $22.02 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 10.18 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 notable recent Synchrony Financial (NYSE:SYF) news were published by: Reuters.com which released: “BRIEF-Synchrony Financial announces multi-year renewal of its program to …” on October 17, 2016, also Businesswire.com with their article: “Synchrony Financial and At Home® Introduce Consumer Financing Program for The …” published on October 12, 2016, Businesswire.com published: “Synchrony Financial and hhgregg Extend Consumer Financing Program Agreement” on October 10, 2016. More interesting news about Synchrony Financial (NYSE:SYF) were released by: Businesswire.com and their article: “University of Connecticut Establishes Synchrony Financial Center of Excellence …” published on October 11, 2016 as well as Seekingalpha.com‘s news article titled: “Synchrony Financial: Attractively Priced But Is Now The Right Time To Buy?” with publication date: October 05, 2016.

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