SYF Looks to Snap Losing Streak on C-Suite Shakeup, Analyst Praise

The equity hit an annual high last week before taking a mild breather

Deputy Editor
Jan 12, 2021 at 10:27 AM
facebook X logo linkedin


Financial services company Synchrony Financial (NYSE:SYF) is in the spotlight today, after announcing several leadership transitions. The changes include Margaret Keane stepping down as CEO to become the executive chair of the board of directors, and current President Brian Doubles stepping up to succeed her. Amid the news, BMO raised its price target by $2 to $50, and Citigroup hiked its price target to $40 from $29. At last check, the stock is up 0.5% at $36.45. 

With help from the 20-day moving average, SYF has been carving out a channel of higher highs since its early-November bull gap. After hitting a Jan. 7 annual high of $37.43, the stock cooled off a bit before today, and is now looking to snap a three-day losing streak. In the last nine months, the equity is up 129.5%.

Analysts are largely bullish on Synchrony stock, with 10 of the 14 in coverage at a "strong buy" rating, and the remaining four a lukewarm "hold." Plus, the 12-month consensus price target of $42.05 is a 15.6% premium to current levels. 

Now could be a good time to weigh in on the security's next move with options. The stock is seeing attractively priced premiums at the moment, per SYF's Schaeffer's Volatility Index (SVI) of 44%, which sits in the 16th percentile of its annual range. Furthermore, the security's Schaeffer's Volatility Scorecard (SVS) sits at a relatively high 84 out of 100, meaning SYF has exceeded option traders' volatility expectations during the past year.

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI