Synovus Financial Corp. [SNV] stock is trading at $45.39, down -0.09%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The SNV shares have gain 4.20% over the last week, with a monthly amount drifted -3.07%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Synovus Financial Corp. [NYSE: SNV] stock has seen the most recent analyst activity on June 24, 2024, when Barclays upgraded its rating to a Overweight and also boosted its price target to $46 from $39. Previously, Keefe Bruyette downgraded its rating to Mkt Perform on April 19, 2024, and dropped its price target to $38. On April 18, 2024, downgrade downgraded it’s rating to Mkt Perform. Barclays started tracking the stock assigning a Equal Weight rating and suggested a price target of $42 on March 08, 2024. UBS upgraded its rating to a Buy but $42 remained the price target by the analyst firm on January 08, 2024. Evercore ISI downgraded its rating to In-line for this stock on January 03, 2024, but kept the price target unchanged to $40. In a note dated December 19, 2023, Stephens initiated an Equal-Weight rating and provided a target price of $40 on this stock.
Synovus Financial Corp. [SNV] stock has fluctuated between $24.40 and $47.83 over the past year. Currently, Wall Street analysts expect the stock to reach $49.89 within the next 12 months. Synovus Financial Corp. [NYSE: SNV] shares were valued at $45.39 at the most recent close of the market. An investor can expect a potential return of 9.91% based on the average SNV price forecast.
Analyzing the SNV fundamentals
Synovus Financial Corp. [NYSE:SNV] reported sales of 3.27B for the trailing twelve months, which represents a drop of -22.68%. Gross Profit Margin for this corporation currently stands at 0.87% with Operating Profit Margin at 0.2%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.06 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.47.
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 44.97 points at the first support level, and at 44.55 for the second support level. However, for the 1st resistance point, the stock is sitting at 45.76, and for the 2nd resistance point, it is at 46.13.
Ratios To Look Out For
For context, Synovus Financial Corp.’s Current Ratio is 0.16. Considering the valuation of this stock, the price to sales ratio is 2.00, the price to book ratio is 1.45 and price to earnings (TTM) ratio is 27.92.
Transactions by insiders
Recent insider trading involved Dierdorff Thomas T, EVP, Corp. & Inv. Banking, that happened on Jul 24 ’24 when 614.0 shares were sold. 10% Owner, Samaha Eli completed a deal on Jun 10 ’24 to sell 0.17 million shares. Meanwhile, EVP, Chief Comm Banking Off. AKINS D WAYNE JR bought 24500.0 shares on Jun 07 ’24.
