Synchrony Financial (NYSE: SYF) has reported earnings for its first fiscal quarter (ending March 31) of $3.17 versus $1.36 for the same period a year ago. E.P.S. were $7.02 for the latest four quarters through March 31 versus $5.72 for the same period a year ago.
Recent Price Action
On 4/24/24, Synchrony Financial (NYSE: SYF) stock enjoyed a very large increase of 5.0%, closing at $45.02. Moreover, exceptionally high trading volume at 220% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 12.8% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, SYF is expected to continue to be an important Value Builder.
Synchrony Financial has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Synchrony Financial has a good Power Rating of 84 and a very high Appreciation Score of 92, and the Highest Value Trend Rating results.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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