In the latest session, Synchrony Financial (NYSE: SYF) closed at $42.65 down -1.71% from its previous closing price of $43.39. In other words, the price has decreased by -$0.74 from its previous closing price. On the day, 5640221 shares were traded. SYF stock price reached its highest trading level at $43.71 during the session, while it also had its lowest trading level at $42.01.
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Ratios:
For a deeper understanding of Synchrony Financial’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.22 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 2.02. In the meantime, Its Debt-to-Equity ratio is 1.15 whereas as Long-Term Debt/Eq ratio is at 0.85.
On January 10, 2024, Deutsche Bank started tracking the stock assigning a Buy rating and target price of $56.
BMO Capital Markets Downgraded its Outperform to Market Perform on January 10, 2024, while the target price for the stock was maintained at $40.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 15 ’24 when Schaller Bart sold 61,781 shares for $42.82 per share. The transaction valued at 2,645,462 led to the insider holds 50,757 shares of the business.
Howse Curtis sold 6,179 shares of SYF for $264,585 on Mar 15 ’24. The insider now owns 152,604 shares after completing the transaction at $42.82 per share. On Mar 05 ’24, another insider, DOUBLES BRIAN D, who serves as the insider of the company, sold 134,696 shares for $41.26 each. As a result, the insider received 5,557,213 and left with 660,353 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SYF now has a Market Capitalization of 17.35B. As of this moment, Synchrony’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.24, and their Forward P/E ratio for the next fiscal year is 6.93. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.63. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.00 while its Price-to-Book (P/B) ratio in mrq is 1.32.
Stock Price History:
Over the past 52 weeks, SYF has reached a high of $43.83, while it has fallen to a 52-week low of $26.59. The 50-Day Moving Average of the stock is 39.81, while the 200-Day Moving Average is calculated to be 34.56.
Shares Statistics:
For the past three months, SYF has traded an average of 4.28M shares per day and 4.35M over the past ten days. A total of 406.88M shares are outstanding, with a floating share count of 403.75M. Insiders hold about 0.76% of the company’s shares, while institutions hold 99.03% stake in the company. Shares short for SYF as of Feb 29, 2024 were 12.46M with a Short Ratio of 2.91, compared to 11.98M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.06% and a Short% of Float of 4.14%.
Dividends & Splits
According to the company, the forward annual dividend rate for SYF is 0.98, from 0.96 in the trailing year. Against a Trailing Annual Dividend Yield of 2.21%, it implies a Forward Annual Dividend Yield of 2.30%. The stock’s 5-year Average Dividend Yield is 2.70.
Earnings Estimates
There are 19 different market analysts currently analyzing its stock. On average, analysts expect EPS of $1.52 for the current quarter, with a high estimate of $3.19 and a low estimate of $0.94, while EPS last year was $1.35. The consensus estimate for the next quarter is $1.42, with high estimates of $1.98 and low estimates of $0.91.
Analysts are recommending an EPS of between $6.96 and $4.97 for the fiscal current year, implying an average EPS of $5.55. EPS for the following year is $6.12, with 21 analysts recommending between $6.85 and $4.55.
Revenue Estimates
A total of 11 analysts believe the company’s revenue will be $4.45B this quarter.It ranges from a high estimate of $4.55B to a low estimate of $4.38B. As of the current estimate, Synchrony Financial’s year-ago sales were $4.04B, an estimated increase of 10.20% from the year-ago figure. For the next quarter, 11 analysts are estimating revenue of $4.45B, an increase of 8.00% less than the figure of $10.20% in the same quarter last year. There is a high estimate of $4.64B for the next quarter, whereas the lowest estimate is $4.32B.
A total of 15 analysts have provided revenue estimates for SYF’s current fiscal year. The highest revenue estimate was $18.67B, while the lowest revenue estimate was $17.84B, resulting in an average revenue estimate of $18.1B. In the same quarter a year ago, actual revenue was $17B, up 6.50% from the average estimate. Based on 15 analysts’ estimates, the company’s revenue will be $19.18B in the next fiscal year. The high estimate is $19.84B and the low estimate is $18.63B. The average revenue growth estimate for next year is up 5.90% from the average revenue estimate for this year.
