Synchrony Financial (SYF) Receives a Hold from Oppenheimer

Oppenheimer analyst Dominick Gabriele assigned a Hold rating to Synchrony Financial (SYFResearch Report) today. The company’s shares closed last Tuesday at $46.00.

According to TipRanks.com, Gabriele is a 4-star analyst with an average return of 15.7% and a 61.5% success rate. Gabriele covers the Financial sector, focusing on stocks such as Discover Financial Services, Capital One Financial, and SoFi Technologies.

Currently, the analyst consensus on Synchrony Financial is a Strong Buy with an average price target of $55.80, a 28.3% upside from current levels. In a report issued on July 9, Citigroup also initiated coverage with a Hold rating on the stock with a $51.00 price target.

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Based on Synchrony Financial’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $3.75 billion and net profit of $1.03 billion. In comparison, last year the company earned revenue of $4.15 billion and had a net profit of $286 million.

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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.