At the time of writing, Synovus Financial Corp. [SNV] stock is trading at $43.05, down -0.67%. 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 1.32% over the last week, with a monthly amount drifted -2.00%, 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 October 01, 2024, when Wells Fargo downgraded its rating to a Equal Weight and also revised its price target to $46 from $48. Previously, Raymond James upgraded its rating to Outperform on September 17, 2024, and kept the price target unchanged to $49. On June 24, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $46 on the stock. Keefe Bruyette downgraded its rating to a Mkt Perform and decreased its price target to $38 on April 19, 2024. Raymond James downgraded its rating to a Mkt Perform. Barclays started tracking with a Equal Weight rating for this stock on March 08, 2024, and assigned it a price target of $42. In a note dated January 08, 2024, UBS upgraded an Buy rating on this stock but restated the target price of $42.
For the past year, the stock price of Synovus Financial Corp. fluctuated between $24.40 and $47.83. Currently, Wall Street analysts expect the stock to reach $49.22 within the next 12 months. Synovus Financial Corp. [NYSE: SNV] shares were valued at $43.05 at the most recent close of the market. An investor can expect a potential return of 14.33% based on the average SNV price forecast.
Analyzing the SNV fundamentals
According to Synovus Financial Corp. [NYSE:SNV], the company’s sales were 3.27B for trailing twelve months, which represents an -22.68% plunge. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.47.
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 42.85 points at the first support level, and at 42.65 for the second support level. However, for the 1st resistance point, the stock is sitting at 43.43, and for the 2nd resistance point, it is at 43.80.
Ratios To Look Out For
It is important to note that Synovus Financial Corp. [NYSE:SNV] has a current ratio of 0.16. Considering the valuation of this stock, the price to sales ratio is 1.89, the price to book ratio is 1.37 and price to earnings (TTM) ratio is 26.48.
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.
