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Friday, September 25, 2020

Investor Confidence is Falling for Synchrony Financial (NYSE:SYF)

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The Synchrony Financial (SYF) shares are trading at lower $23.21 and the avg recommendation for the stock is Strong Buy. while the current analyst price target stands at $24.58.

To add more color to this target, the company’s high over the last year is $38.18 and the low is $12.15. Over the last 52 weeks, SYF is down -39.21% while the S&P 500 is up 0.29%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, SYF reported a profit of $3.89 billion. Synchrony Financial also saw revenues increase to $4.41 billion. In addition, SYF has free cash flow of $1.54 billion as of 03-2020.

SYF booked profit margins of 15.60%, its Return on Equity (ROE) is 21.00%, and its Return on Assets is 2.80%. All told, it is clear that, SYF needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. SYF has a short ratio of 1.62 and outstanding shares of 604.90M.

Company Outlook

SYF has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 6.07 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 4.44. Investors should also keep an eye on sector updates as SYF has historically followed its peers on positive news.

All told, Synchrony Financial SYF has strung together solid data and demonstrated underlying fundamentals. At its current valuation, SYF represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Synchrony Financial SYF is now commanding a market cap of 13.86B and a float of 581.18M. SYF is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of SYF stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in SYF, either long or short, and we have not been compensated for this article.

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