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How to Buy Synchrony Financial Stock

Synchrony Financial

Synchrony Financial is a credit service company located in Connecticut, United States, which is part of the Financial Services sector, and is traded under the ticker SYF on the NYSE exchange.

Synchrony Financial stock last closed at $43.33, up 1.1% from the previous day, and has increased 44.15% in one year. It has overperformed other stocks in the Credit Services industry by 0.24 percentage points. Synchrony Financial stock is currently +58.75% from its 52-week low of $27.30, and -7.26% from its 52-week high of $46.72.

There are currently 401.54M SYF shares outstanding. The market cap of SYF is $17.40B. In the last 24 hours, 2.53M SYF shares were traded.

How to Buy Synchrony Financial Stock

Not sure how to invest in Synchrony Financial stock? Here's how.
  1. Decide where to buy Synchrony Financial stock: You need to decide on a stock brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you choose where to buy Synchrony Financial stock.
  2. Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
  3. Deposit funds into your investment account: Choose your method of payment and add your information.
  4. Evaluate Synchrony Financial stock: The Synchrony Financial ticker symbol is SYF. Is Synchrony Financial stock a good investment? Should you buy shares of SYF? How do SYF's underlying business fundamentals look? Do top analysts think Synchrony Financial is a good buy? Why has SYF's stock price moved recently? (Hint: Our stock market research website can help you evaluate if SYF is a good stock to buy).
  5. Execute your SYF trade: Decide if you will purchase SYF shares at the current market price or use a limit order to purchase SYF shares at a given price.
  6. Get key alerts regarding your SYF position: Create a watchlist to important notifications about your position in Synchrony Financial stock.

Step 1: Decide where to buy Synchrony Financial stock

You will need an online brokerage account to access the NYSE market and buy SYF stock.

A brokerage account enables you to buy and sell a number of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Create a brokerage account

Now that you've chosen your brokerage, you'll need to fill out some personal information so you are able to invest in SYF stock today.

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  1. Send your data by pressing the "Create Account" button.
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Step 3: Deposit funds into your investment account

Now that you've created your account on stock market app, you can securely and quickly fund your account:

Watch the video below to see the process of depositing funds into your investment account.

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Step 4: Evaluate Synchrony Financial stock

After you have selected the best place to buy Synchrony Financial stock, it's critical to research their stock prior to investing, so you can wrap your head around the risk and upside.

Synchrony Financial Numbers

SYF Price
$43.33
1w %
-1.39%
1y %
44.15%
5y %
24.48%
P/E
6.16x
P/B
1.14x
P/S
2.01x
PEG
N/A
Revenue
$8.67B
Earnings
$2.89B
Fore. Rev. Growth
48.62%
Fore. Earn. Growth
-15.75%
Market Cap
$17.40B
Next Earnings
Jun 11, 2024
Next Dividend
N/A

SYF Zen Score

WallStreetZen was built to help everyday investors do better fundamental analysis quickly.

You can view all of the due diligence checks on SYF's stock page.

What is the fair value of SYF stock?

Investors use many financial metrics, analyses, models, and charts to gauge SYF's true value.

Using relative valuations measures:

  • SYF may be undervalued based on its P/E ratio of 6.16x, relative to Credit Services industry P/E ratio of 26.92x
  • SYF may be undervalued based on its P/B ratio of 1.14x, relative to Credit Services industry P/B ratio of 4.88x

You can access more valuation analysis on SYF's stock here.

A look at SYF Cashflows and Balance Sheet

Signs that SYF is financially healthy:

  • SYF's operating cash flow of $8.96B allows it to safely service it's debt of $16.13B.
  • SYF earnings of $3.78B is not sufficient to cover its interest payments.

Signs that SYF is not financially healthy:

  • SYF has a relatively high debt to equity ratio of 6.93.
  • Total SYF debt is higher than 5 years ago, relative to shareholder equity.
  • SYF profit margin of X% has stayed the same in the past year.

Is Synchrony Financial stock a Buy, Hold, or Sell, according to Wall Street analysts?

Out of 16 sell side analysts who research SYF, the consensus analyst rating on SYF is a Buy

It's important to note that analyst forecasts are not stock recommendations, nor are they investment advice.

Most Recent SYF Analyst Recommendations

Donald Fandetti, a top 10% analyst from Wells Fargo maintains SYF with a hold rating and raises their SYF price target from $38.00 to $45.00, on Apr 10, 2024.

Mark Devries, a top 19% analyst from Barclays maintains SYF with a hold rating and raises their SYF price target from $36.00 to $37.00, on Apr 9, 2024.

Bill Carcache, a top 3% analyst from Wolfe Research upgrades SYF to a buy rating and raises their SYF price target from $36.00 to $50.00, on Apr 4, 2024.

John Pancari, a bottom 16% analyst from Evercore ISI Group maintains SYF with a buy rating and raises their SYF price target from $45.00 to $47.00, on Mar 28, 2024.

David Scharf, a bottom 5% analyst from JMP Securities maintains SYF with a buy rating and raises their SYF price target from $42.00 to $49.00, on Mar 11, 2024.

You can dive deeper into what analysts are saying on the Synchrony Financial stock forecast page.

SYF Technicals

SMA10
44.04
SMA20
44.64
SMA50
43.01
SMA100
41.21
SMA200
36.55
MACD
0.13
MACD Signal
0.47
MACD Histogram
-0.33
RSI
46.7
Stochastic %K
16.31
Stochastic %D
27.56
StochRSI %K
4.81
StochRSI %D
11.66

SYF Growth Metrics

Last year, SYF earnings were $2.89B. Over the past five year, SYF's earnings have grown by 9.38% per year. This was slower than the Credit Services industry average of 11.79%.

Last year, SYF revenue was $8.67B. During the past five year, SYF's revenue has increased by 0.61% per year. This was slower than the Credit Services industry average of 10.09%.

You can research SYF's earnings and revenue performance here.

Who is buying/selling SYF?

Over the last 12 months, executives and large shareholders at SYF have bought more shares than they have sold.

Fernando Aguirre, Director of SYF, was the latest SYF insider to buy. They bought $1,147.64 worth of SYF shares on May 15, 2024.

Dig into more about who owns SYF stock here.

Does SYF stock generate passive income?

Synchrony Financial pays a dividend of 2.31%, compared to the Credit Services industry's average dividend yield of 4.17%. If you owned $1,000 of SYF stock, you would have received $23.08 in the past year.

Synchrony Financial dividend payments have consistently grown over the past 8 years and have remained stable.

Dig into more info about Synchrony Financial dividend yield and history here.

What others are saying about SYF

One of the primary reasons eToro is our favorite brokerage is because of its social trading community.

Click below to see what other community members have to say.

Step 5: Execute your SYF trade

There are two primary order types:

  • Market order: A market order is an order to buy or sell a security at the best available price.
    Market orders are mostly fine for most investors.
  • Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
    If you want to be certain you're buying or selling at a given dollar amount, place a limit order.

Click the Open Trade button and your broker will place your order.

If you want additional help buying stocks on eToro, click the how to video below:

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Step 6: Get key alerts regarding your SYF position

Now that you own some shares in SYF, you'll want to keep up with your company.

Start a watchlist to track the latest developments regarding your SYF stock.

SYF Feed

How to Buy Stock in Synchrony Financial

To reiterate, here are the 6 steps to buy Synchrony Financial stock:

  1. Decide where to buy Synchrony Financial stock
  2. Create a brokerage account
  3. Deposit funds into your investment account
  4. Evaluate Synchrony Financial stock
  5. Execute your SYF trade
  6. Get key alerts regarding your SYF position

If you require a place to buy stocks, eToro is our favorite option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to get the latest news on your new investment in Synchrony Financial, add SYF to your watchlist below.

NYSE: SYF
$43.33+0.47 (+1.1%)
Updated May 24, 2024
Open eToro Account
NYSE: SYF
$43.33+0.47 (+1.1%)
Updated May 24, 2024
Open eToro Account

FAQ

How much does it cost to buy one Synchrony Financial share?

As of May 24, 2024, it costs $43.33 to buy one share of Synchrony Financial stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.231 shares of SYF.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Synchrony Financial stock?

According to 16 Wall Street analysts who monitor Synchrony Financial, their consensus recommendation is to buy Synchrony Financial stock.

What is the best way to buy Synchrony Financial stock?

One way to place an order for Synchrony Financial stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.