A share price of Synovus Financial Corp. [SNV] is currently trading at $45.81, up 4.16%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SNV shares have gain 4.52% over the last week, with a monthly amount glided 4.83%, and 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 10, 2024, when Citigroup initiated its Buy rating and assigned the stock a price target of $53. Previously, Wells Fargo downgraded its rating to Equal Weight on October 01, 2024, and dropped its price target to $46. On September 17, 2024, upgrade upgraded it’s rating to Outperform but maintained its price target of $49 on the stock. Barclays upgraded its rating to a Overweight and increased its price target to $46 on June 24, 2024. Keefe Bruyette downgraded its rating to a Mkt Perform and reduced its price target to $38 on April 19, 2024. Raymond James downgraded its rating to Mkt Perform for this stock on April 18, 2024. In a note dated March 08, 2024, Barclays initiated an Equal Weight rating and provided a target price of $42 on this stock.
Synovus Financial Corp. experienced fluctuations in its stock price throughout the past year between $24.40 and $47.83. Currently, Wall Street analysts expect the stock to reach $52.9 within the next 12 months. Synovus Financial Corp. [NYSE: SNV] shares were valued at $45.81 at the most recent close of the market. An investor can expect a potential return of 15.48% based on the average SNV price forecast.
Analyzing the SNV fundamentals
Trailing Twelve Months sales for Synovus Financial Corp. [NYSE:SNV] were 3.27B which represents -22.68% decline. 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 44.84 points at the first support level, and at 43.88 for the second support level. However, for the 1st resistance point, the stock is sitting at 46.34, and for the 2nd resistance point, it is at 46.87.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Synovus Financial Corp. [NYSE:SNV] is 0.16. Considering the valuation of this stock, the price to sales ratio is 2.01, the price to book ratio is 1.46 and price to earnings (TTM) ratio is 28.17.
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.
