Jefferies Believes Synchrony Financial (NYSE: SYF) Won’t Stop Here

Jefferies analyst John Hecht maintained a Buy rating on Synchrony Financial (SYFResearch Report) yesterday and set a price target of $50.00. The company’s shares closed last Tuesday at $40.73, close to its 52-week high of $43.61.

According to, Hecht is a 5-star analyst with an average return of 14.7% and a 71.8% success rate. Hecht covers the Financial sector, focusing on stocks such as Discover Financial Services, Consumer Portfolio Services, and Santander Consumer USA.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Synchrony Financial with a $49.30 average price target, which is a 24.2% upside from current levels. In a report issued on April 13, Morgan Stanley also maintained a Buy rating on the stock with a $54.00 price target.

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Based on Synchrony Financial’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.94 billion and net profit of $738 million. In comparison, last year the company earned revenue of $4.31 billion and had a net profit of $731 million.

Based on the recent corporate insider activity of 136 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SYF in relation to earlier this year.

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Synchrony Financial engages in the provision of consumer financial services. It operates through three sales platforms: Retail Card, Payment Solutions, and CareCredit. The Retail Card platform is a provider of private label credit cards, and also provides Dual Cards and small-and medium-sized business credit products. The Payment Solutions platform is a provider of promotional financing for major consumer purchases, offering private label credit cards and instalment loans. The CareCredit platform is a provider of promotional financing to consumers for elective healthcare procedures or services, such as dental, veterinary, cosmetic, vision and audiology. The company was founded on September 12, 2003 and is headquartered in Stamford, CT.