2 Stocks That Are Just Getting Started: Synchrony Financial (SYF), First Majestic Silver Corp. (AG)

    The shares of Synchrony Financial (NYSE:SYF) has been pegged with a rating of Outperform by RBC Capital Mkts in its latest research note that was published on May 3rd, 2019. The research company has also assigned a $39 price target. RBC Capital Mkts wasn’t the only research firm that published a report of Synchrony Financial, with other equities research analysts also giving their opinion on the stock. Goldman advised investors in its research note published on February 14th, 2019, to Buy the SYF stock while also putting a $38 price target. The stock had earned Buy rating from BofA/Merrill when it published its report on January 30th, 2019. The stock was given Outperform rating by Oppenheimer in its report released on January 24th, 2019, the day when the price target on the stock was placed at $43. Stephens was of a view that SYF is Equal-Weight in its latest report on January 3rd, 2019. BofA/Merrill thinks that SYF is worth Neutral rating. This was contained in the firm’s report on September 26th, 2018.

    Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 5 believe it has the potential for further growth, thus rating it as Hold while 6 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $40.55. The price of the stock the last time has raised by 51.00% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 39.29.

    The shares of the company dipped by -0.48% during the trading session on Thursday, reaching a low of $32.77 while ending the day at $32.88. During the trading session, a total of 3.25 million shares were traded which represents a 37.75% incline from the average session volume which is 5.22M shares. SYF had ended its last session trading at 33.04. Synchrony Financial currently has a market cap of $22.48B, while its P/E ratio stands at 6.85, while its P/E earnings growth sits at 1.18, with a beta of 1.17. Synchrony Financial debt-to-equity ratio currently stands at 1.44, while its quick ratio hovers at . SYF 52-week low price stands at $21.77 while its 52-week high price is $36.87.

    The company in its last quarterly report recorded $0.97 earnings per share which is above the $0.95 predicted by most analysts. The Synchrony Financial generated $4,155.00 million in revenue during the last quarter, which is slightly lower than the $4,196.72 million predicted by analysts. In the second quarter last year, the firm recorded $1.00 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -3.09%. Synchrony Financial has the potential to record 4.80 EPS for the current fiscal year, according to equities analysts.

    Investment analysts at B. Riley FBR published a research note on March 1st, 2019 where it informed investors and clients that First Majestic Silver Corp. (NYSE:AG) is now rated as Neutral. Their price target on the stock stands at $6. Goldman also rated AG as Upgrade on February 14th, 2019, with its price target of $1.25 suggesting that AG could down by -8.07% from its current share price. Even though the stock has been trading at $10.44/share, analysts expect it to surge higher by -1.25% to reach $9.54/share. It started the day trading at $10.53 and traded between $10.27 and $10.31 throughout the trading session.

    A look at its technical shows that AG’s 50-day SMA is 8.94 while its 200-day SMA stands at 6.71. At the moment, only of First Majestic Silver Corp. shares were sold short. The company’s average trading volume currently stands at 4.78M shares, which means that the short-interest ratio is just 4.36 days. Over the past seven days, the company moved, with its shift of 0.49%. Looking further, the stock has raised 84.11% over the past 90 days while it gained 56.69% over the last six months.

    The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. Van Eck Associates Corp sold more AG shares, decreasing its portfolio by -2.14% during the last quarter. This move now sees Van Eck Associates Corp selling -512,419 shares in the last quarter, thus it now holds 23,429,833 shares of AG, with a total valuation of $220,709,027. The Vanguard Group Inc meanwhile bought more AG shares in the recently filed quarter, changing its stake to $39,787,838 worth of shares.

    Similarly, COMMERZBANK AG increased its First Majestic Silver Corp. shares by +24.42% during the recently filed quarter. After buying 554,438 shares in the last quarter, the firm now controls 2,824,842 shares of First Majestic Silver Corp. which are valued at $26,610,012. In the same vein, Mirae Asset Global Investments Co decreased its First Majestic Silver Corp. shares by during the most recent reported quarter. The firm sold -196,797 shares during the quarter which decreased its stakes to 2,574,501 shares and is now valued at $24,251,799. Following these latest developments, around of First Majestic Silver Corp. stocks are owned by institutional investors and hedge funds.