Why Synchrony Financial (NYSE:SYF) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $35.14 on Synchrony Financial (NYSE:SYF) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $2.64 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Synchrony Financial (NYSE:SYF) stands at 10.52.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Synchrony Financial Common Stoc, the PEG ratio for coming 3-5 years is 1.73.

Technical Analysis

The technical analysis highlights that Synchrony Financial Common Stoc current is trading $-0.19 points away or -0.69% from its 50-day moving average of $27.75. Further it is trading $-0.79 or -2.77% away its 200-day moving average of $28.35.

The 52-week high of Synchrony Financial (NYSE:SYF) was $34.60 while lowest point recorded in 52-week was $23.25. It implies if stock price makes a movement of over $-7.04, it will record a new 52-week high. In the case of +18.54% drop, it will touch a new 52-week low.

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