A share price of Synovus Financial Corp. [SNV] is currently trading at $39.82, up 3.43%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SNV shares have gain 3.16% over the last week, with a monthly amount glided 6.02%, and seem to be holding up well over a long-time horizon.
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On 18, March 2024, Synovus to announce first quarter 2024 earnings results. In a post published today on Yahoo Finance, Synovus Financial Corp. (NYSE: SNV) will announce first quarter 2024 earnings results after the market closes on Wednesday, April 17, 2024, and host a conference call at 8:30 a.m. ET on Thursday, April 18.
From an analyst’s perspective:
Synovus Financial Corp. [NYSE: SNV] stock has seen the most recent analyst activity on March 08, 2024, when Barclays initiated its Equal Weight rating and assigned the stock a price target of $42. Previously, UBS upgraded its rating to Buy on January 08, 2024, and kept the price target unchanged to $42. On January 03, 2024, downgrade downgraded it’s rating to In-line but maintained its price target of $40 on the stock. Stephens started tracking the stock assigning a Equal-Weight rating and suggested a price target of $40 on December 19, 2023. Janney upgraded its rating to a Buy but $38 remained the price target by the analyst firm on April 24, 2023. UBS started tracking with a Neutral rating for this stock on March 15, 2023, and assigned it a price target of $33. In a note dated December 05, 2022, Morgan Stanley initiated an Equal-Weight rating and provided a target price of $44 on this stock.
Synovus Financial Corp. experienced fluctuations in its stock price throughout the past year between $24.40 and $40.92. Currently, Wall Street analysts expect the stock to reach $61 within the next 12 months. Synovus Financial Corp. [NYSE: SNV] shares were valued at $39.82 at the most recent close of the market. An investor can expect a potential return of 53.19% based on the average SNV price forecast.
Analyzing the SNV fundamentals
Trailing Twelve Months sales for Synovus Financial Corp. [NYSE:SNV] were 3.40B which represents 10.65% growth. Gross Profit Margin for this corporation currently stands at 0.88% with Operating Profit Margin at 0.42%, Pretax Profit Margin comes in at 0.34%, and Net Profit Margin reading is 0.27%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.11 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.38.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 39.06 points at the first support level, and at 38.31 for the second support level. However, for the 1st resistance point, the stock is sitting at 40.20, and for the 2nd resistance point, it is at 40.59.
Synovus Financial Corp. [SNV] reported earnings per share of $1.06 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.9/share, meaning a difference of $0.16 and a surprise factor of 17.80%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.84 per share as compared to estimates of $0.86 per share, a difference of -$0.02 representing a surprise of -2.30%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Synovus Financial Corp. [NYSE:SNV] is 0.24. Considering the valuation of this stock, the price to sales ratio is 1.71, the price to book ratio is 1.27 and price to earnings (TTM) ratio is 11.50.
Transactions by insiders
Recent insider trading involved Hurley Jill K, Chief Accounting Officer, that happened on Feb 28 ’24 when 4808.0 shares were sold. Director, Bentsen Tim E completed a deal on Jan 24 ’24 to sell 4671.0 shares. Meanwhile, EVP, Corp. & Inv. Banking Dierdorff Thomas T sold 2045.0 shares on Jan 23 ’24.
