Synchrony's Recent Sell-Off Gives Investors an Opportunity
After the recent sell-off in narrow-moat Synchrony Financial, we believe the stock is attractively priced and now presents a buying opportunity for investors. Over the next two years, we forecast earnings per share to increase 90%. Much of this benefit results from tax reform; excluding that, we anticipate Synchrony’s pretax income to increase 36%. Currently, the stock trades at a little over 7 times our 2019 earnings forecast. We believe the current share price already reflects much of what cou...Synchrony Financial is a savings and loan holding company and financial holding company. Through its subsidiaries, the company delivers a range of financing programs, as well as consumer banking products, across key industries including digital, retail, home, auto, travel, health and pet. The company provides a range of credit products through its financing programs which it has established with a group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers, which it refers to as its partners. Through its partners, the company provides their customers a variety of credit products to finance the purchase of goods and services.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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