Merrill Lynch Gives Synchrony Financial (NYSE:SYF) a Lower Rating. Will Other Analysts Follow Suit?

December 7, 2017 - By Marry Poplack

  Merrill Lynch Gives Synchrony Financial (NYSE:SYF) a Lower Rating. Will Other Analysts Follow Suit?

Synchrony Financial (NYSE:SYF) Receives a Downgrade

Merrill Lynch downgraded their rating for shares of Synchrony Financial (NYSE:SYF) stock to a solid Hold. This change was sent to investors in a report earlier today. The financial firm now now has a $33.0 price target on firm.

Synchrony Financial (NYSE:SYF) Ratings Coverage

Among 27 analysts covering Synchrony Financial (NYSE:SYF), 19 have Buy rating, 0 Sell and 8 Hold. Therefore 70% are positive. Synchrony Financial has $44 highest and $31 lowest target. $37.41’s average target is 0.19% above currents $37.34 stock price. Synchrony Financial had 58 analyst reports since July 20, 2015 according to SRatingsIntel. On Wednesday, June 15 the stock rating was maintained by Citigroup with “Buy”. The firm earned “Hold” rating on Tuesday, October 10 by Wells Fargo. BMO Capital Markets maintained Synchrony Financial (NYSE:SYF) on Wednesday, April 12 with “Buy” rating. The stock of Synchrony Financial (NYSE:SYF) earned “Buy” rating by Jefferies on Wednesday, June 7. Wedbush downgraded Synchrony Financial (NYSE:SYF) on Wednesday, December 7 to “Neutral” rating. The rating was maintained by Wells Fargo with “Market Perform” on Monday, October 23. BMO Capital Markets maintained Synchrony Financial (NYSE:SYF) on Wednesday, August 23 with “Buy” rating. The stock of Synchrony Financial (NYSE:SYF) has “Perform” rating given on Tuesday, April 11 by Oppenheimer. Keefe Bruyette & Woods maintained Synchrony Financial (NYSE:SYF) rating on Tuesday, August 22. Keefe Bruyette & Woods has “Buy” rating and $39.0 target. The rating was maintained by IBC on Wednesday, April 12 with “Market Perform”.

The stock decreased 0.13% or $0.05 during the last trading session, reaching $37.34. About 8.08M shares traded or 25.14% up from the average. Synchrony Financial (NYSE:SYF) has declined 10.35% since December 7, 2016 and is downtrending. It has underperformed by 27.05% the S&P500.

Analysts await Synchrony Financial (NYSE:SYF) to report earnings on January, 19. They expect $0.68 EPS, down 2.86 % or $0.02 from last year’s $0.7 per share. SYF’s profit will be $532.16 million for 13.73 P/E if the $0.68 EPS becomes a reality. After $0.70 actual EPS reported by Synchrony Financial for the previous quarter, Wall Street now forecasts -2.86 % negative EPS growth.

Synchrony Financial operates as a consumer financial services firm in the United States. The company has market cap of $29.22 billion. The firm offers private label credit cards, dual cards, and small and medium-sized business credit products; and promotional financing for consumer purchases, such as private label credit cards and installment loans. It has a 14.19 P/E ratio. It also provides promotional financing to clients for health and personal care procedures, products, or services, such as dental, veterinary, cosmetic, vision and audiology; debt cancellation products; and deposit products, including certificates of deposit, individual retirement, money market, and savings accounts, as well as accepts deposits through third-party securities brokerage firms.

More notable recent Synchrony Financial (NYSE:SYF) news were published by: Techcrunch.com which released: “PayPal to sell $6 billion in consumer loans to Synchrony Financial” on November 16, 2017, also Fool.com with their article: “Why PayPal Holdings Wants Out of (and Synchrony Financial Wants In) the Credit …” published on December 07, 2017, Streetinsider.com published: “Synchrony Financial (SYF) PT Raised to $41 at Nomura/Instinet; ‘Increasing …” on December 04, 2017. More interesting news about Synchrony Financial (NYSE:SYF) were released by: Seekingalpha.com and their article: “Synchrony Financial: Greater Risks/Rewards” published on November 20, 2017 as well as Globenewswire.com‘s news article titled: “New Research: Key Drivers of Growth for Synchrony Financial, Pulse Biosciences …” with publication date: December 04, 2017.

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