The stock price of Synchrony Financial (NYSE: SYF) has jumped by 1.40 compared to previous close of 45.60. Despite this, the company has seen a gain of 3.45% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-30 that Whether you’re a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
Is It Worth Investing in Synchrony Financial (NYSE: SYF) Right Now?
The price-to-earnings ratio for Synchrony Financial (NYSE: SYF) is above average at 6.63x. The 36-month beta value for SYF is also noteworthy at 1.62. There are mixed opinions on the stock, with 10 analysts rating it as a “buy,” 5 rating it as “overweight,” 6 rating it as “hold,” and 0 rating it as “sell.”
The public float for SYF is 398.54M, and at present, short sellers hold a 2.98% of that float. The average trading volume of SYF on May 07, 2024 was 4.38M shares.
SYF’s Market Performance
The stock of Synchrony Financial (SYF) has seen a 3.45% increase in the past week, with a 12.02% rise in the past month, and a 19.30% gain in the past quarter. The volatility ratio for the week is 2.16%, and the volatility levels for the past 30 days are at 2.54% for SYF.. The simple moving average for the past 20 days is 8.38% for SYF’s stock, with a 29.12% simple moving average for the past 200 days.
Analysts’ Opinion of SYF
Many brokerage firms have already submitted their reports for SYF stocks, with Keefe Bruyette repeating the rating for SYF by listing it as a “Outperform.” The predicted price for SYF in the upcoming period, according to Keefe Bruyette is $62 based on the research report published on May 02, 2024 of the current year 2024.
Wolfe Research, on the other hand, stated in their research note that they expect to see SYF reach a price target of $50, previously predicting the price at $36. The rating they have provided for SYF stocks is “Outperform” according to the report published on April 04th, 2024.
Morgan Stanley gave a rating of “Underweight” to SYF, setting the target price at $30 in the report published on February 08th of the current year.
SYF Trading at 9.87% from the 50-Day Moving Average
After a stumble in the market that brought SYF to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 0.72% of gains for the given period.
Volatility was left at 2.54%, however, over the last 30 days, the volatility rate increased by 2.16%, as shares surge +8.77% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.25% upper at present.
During the last 5 trading sessions, SYF rose by +3.45%, which changed the moving average for the period of 200-days by +32.53% in comparison to the 20-day moving average, which settled at $42.85. In addition, Synchrony Financial saw 21.08% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SYF starting from Howse Curtis, who sale 31,562 shares at the price of $45.00 back on May 02 ’24. After this action, Howse Curtis now owns 121,042 shares of Synchrony Financial, valued at $1,420,290 using the latest closing price.
Schaller Bart, the of Synchrony Financial, sale 61,781 shares at $42.82 during a trade that took place back on Mar 15 ’24, which means that Schaller Bart is holding 50,757 shares at $2,645,462 based on the most recent closing price.
Stock Fundamentals for SYF
Current profitability levels for the company are sitting at:
- 0.37 for the present operating margin
- 0.8 for the gross margin
The net margin for Synchrony Financial stands at 0.16. The total capital return value is set at 0.06. Equity return is now at value 20.58, with 2.56 for asset returns.
Based on Synchrony Financial (SYF), the company’s capital structure generated 0.55 points at debt to capital in total, while cash flow to debt ratio is standing at 0.47. The debt to equity ratio resting at 1.24. The interest coverage ratio of the stock is 1.62.
Currently, EBITDA for the company is 3.36 billion with net debt to EBITDA at -0.56. When we switch over and look at the enterprise to sales, we see a ratio of 0.8. The receivables turnover for the company is 0.2for trailing twelve months and the total asset turnover is 0.15.
Conclusion
In summary, Synchrony Financial (SYF) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
