Analysts Offer Insights on Financial Companies: Synchrony Financial (SYF) and Consolidated-Tomoka Land Co (CTO)


There’s a lot to be optimistic about in the Financial sector as 2 analysts just weighed in on Synchrony Financial (SYF) and Consolidated-Tomoka Land Co (CTO) with bullish sentiments.

Synchrony Financial (SYF)

BTIG analyst Giuliano Bologna initiated coverage with a Buy rating on Synchrony Financial on July 11 and set a price target of $42. The company’s shares closed on Friday at $35.96, close to its 52-week high of $36.12.

According to TipRanks.com, Bologna is ranked #4720 out of 5244 analysts.

Currently, the analyst consensus on Synchrony Financial is a Moderate Buy with an average price target of $37.86.

See today’s analyst top recommended stocks >>

Consolidated-Tomoka Land Co (CTO)

In a report released today, Craig Kucera from B.Riley FBR reiterated a Buy rating on Consolidated-Tomoka Land Co, with a price target of $82. The company’s shares closed on Friday at $60.11.

Kucera observed:

“We are raising our 2019 EPS estimates for Buy-rated Consolidated-Tomoka Land Co. (CTO) ahead of CTO’s 2Q19 earnings after CTO closed on a number of dispositions (both of land and multi- tenanted buildings) in late 2Q19 in addition to executing a number of new acquisitions. Our 2Q19 EPS estimate is increasing from $0.27 to $2.04, while we are also raising our 2019 EPS estimate from $8.20 to $9.55; our 2020 EPS estimate is declining modestly from $5.25 to $5.13. CTO’s previously announced land sales pipeline represents ~60% of the company’s remaining land holdings under purchase and sale agreement (aggregating ~$87M), and ~68% is expected to close in 2019.”

According to TipRanks.com, Kucera is a 4-star analyst with an average return of 5.6% and a 65.1% success rate. Kucera covers the Financial sector, focusing on stocks such as Monmouth Real Estate Investment, NexPoint Residential Trust Inc, and Bluerock Residential Growth.

Consolidated-Tomoka Land Co has an analyst consensus of Moderate Buy, with a price target consensus of $82.

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