Citigroup Maintains Synchrony Financial to Buy with Price Target $31.00

Brokerage firm Citigroup Maintains its rating on Synchrony Financial(NYSE:SYF). In a research note issued to the investors, the brokerage major Lowers the price-target to $31.00 per share. The shares have been rated Buy. The rating by Citigroup was issued on Jun 15, 2016.

In a different note, Macquarie said it Initiates Coverage on Synchrony Financial, according to a research note issued on May 11, 2016. The shares have been rated ‘Neutral’ by the firm. On May 4, 2016, Deutsche Bank said it Maintains its rating on Synchrony Financial. In the research note, the firm Raises the price-target to $35.00 per share. The shares have been rated ‘Buy’ by the firm. On Apr 8, 2016, Bank of America said it Downgrades its rating on Synchrony Financial. The shares have been rated ‘Neutral’ by the firm.

Synchrony Financial (SYF) made into the market gainers list on Tuesdays trading session with the shares advancing 1.17% or 0.3 points. Due to strong positive momentum, the stock ended at $25.85, which is also near the day’s high of $26.25. The stock began the session at $25.68 and the volume stood at 1,20,99,436 shares. The 52-week high of the shares is $36.4 and the 52 week low is $23.74. The company has a current market capitalization of $21,557 M and it has 83,39,20,400 shares in outstanding.

Synchrony Financial(SYF) last announced its earnings results on Apr 22, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $3.21B. Analysts had an estimated revenue of $3.18B. Earnings per share were $0.70. Analysts had estimated an EPS of $0.70.

Several Insider Transactions has been reported to the SEC. On May 26, 2016, Brian D Doubles (officer ) sold 1,000 shares at $30.00 per share price.Also, On May 26, 2016, Margaret M Keane (director officer ) sold 1,000 shares at $30.00 per share price.On Nov 19, 2015, Daniel O Colao (director) purchased 2,107 shares at $0.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Synchrony Financial (Synchrony) is a consumer financial services company. The Company provides a range of credit products through programs it has established with a group of 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. The Company offers two types of credit cards: private label credit cards and Dual Cards. It offers its credit products through its wholly owned 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 under its Optimizer+Plus brand.

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