At the time of writing, Synovus Financial Corp [SNV] stock is trading at $56.51, up 1.75%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SNV shares have gain 2.43% over the last week, with a monthly amount glided 10.39%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, Deutsche Bank started tracking the stock with Buy rating on December 09, 2024, and set its price target to $64. On October 10, 2024, Citigroup initiated with a Buy rating and assigned a price target of $53 on the stock. Wells Fargo downgraded its rating to a Equal Weight and decreased its price target to $46 on October 01, 2024. Raymond James upgraded its rating to a Outperform but $49 remained the price target by the analyst firm on September 17, 2024. Barclays upgraded its rating to Overweight for this stock on June 24, 2024, and upped its price target to $46. In a note dated April 19, 2024, Keefe Bruyette downgraded an Mkt Perform rating on this stock and revised its target price from $46 to $38.
For the past year, the stock price of Synovus Financial Corp fluctuated between $33.44 and $59.92. Currently, Wall Street analysts expect the stock to reach $55.67 within the next 12 months. Synovus Financial Corp [NYSE: SNV] shares were valued at $56.51 at the most recent close of the market. An investor can expect a potential drop of -1.49% based on the average SNV price forecast.
Analyzing the SNV fundamentals
According to Synovus Financial Corp [NYSE:SNV], the company’s sales were 3.43B for trailing twelve months, which represents an 9.79% jump. Gross Profit Margin for this corporation currently stands at 0.87% with Operating Profit Margin at 0.21%, Pretax Profit Margin comes in at 0.18%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.07 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 0.38.
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 55.81 points at the first support level, and at 55.12 for the second support level. However, for the 1st resistance point, the stock is sitting at 57.21, and for the 2nd resistance point, it is at 57.92.
Ratios To Look Out For
It is important to note that Synovus Financial Corp [NYSE:SNV] has a current ratio of 0.10. Considering the valuation of this stock, the price to sales ratio is 2.32, the price to book ratio is 1.69 and price to earnings (TTM) ratio is 18.56.
Transactions by insiders
Recent insider trading involved Dierdorff Thomas T, EVP, Corp. & Inv. Banking, that happened on Jan 28 ’25 when 1680.0 shares were purchased. EVP, Corp. & Inv. Banking, Dierdorff Thomas T completed a deal on Jan 28 ’25 to sell 1680.0 shares. Meanwhile, Officer Dierdorff Thomas T bought 1681.0 shares on Jan 28 ’25.
