Synovus Financial Corp. [SNV] stock Resumed by Stephens analyst, price target now $28

Synovus Financial Corp. [NYSE: SNV] loss -0.25% on the last trading session, reaching $23.84 price per share at the time. The company report on September 22, 2020 that Synovus to Announce Third Quarter 2020 Results on October 20, 2020.

Synovus Financial Corp. (NYSE: SNV) will announce third quarter 2020 results on Tuesday, October 20, 2020. An earnings press release will be published prior to the earnings conference call, which will begin at 8:30 a.m. ET.

A live audio webcast and slides will be available with the press release and tables at http://investor.synovus.com/event. A replay will be posted on the company’s website approximately one hour after the call ends and will be available with the press release and slides for 12 months.

Synovus Financial Corp. represents 147.29 million in outstanding shares, while the company has a total market value of $3.60 billion with the latest information. SNV stock price has been found in the range of $23.79 to $24.44.

If compared to the average trading volume of 1.22M shares, SNV reached a trading volume of 1857533 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Synovus Financial Corp. [SNV]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SNV shares is $26.91 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SNV stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Stephens have made an estimate for Synovus Financial Corp. shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on October 19, 2020. While these analysts kept the previous recommendation, RBC Capital Mkts dropped their target price from $21 to $16. The new note on the price target was released on July 17, 2020, representing the official price target for Synovus Financial Corp. stock. Previously, the target price had yet another drop from $37 to $26, while Wells Fargo kept a Overweight rating on SNV stock. On January 27, 2020, analysts decreased their price target for SNV shares from 46 to 41.

The Average True Range (ATR) for Synovus Financial Corp. is set at 0.92, with the Price to Sales ratio for SNV stock in the period of the last 12 months amounting to 1.83. The Price to Book ratio for the last quarter was 0.78, with the Price to Cash per share for the same quarter was set at 10.41.

Trading performance analysis for SNV stock

Synovus Financial Corp. [SNV] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.10. With this latest performance, SNV shares gained by 7.53% in over the last four-week period, additionally plugging by 39.99% over the last 6 months – not to mention a drop of -32.43% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SNV stock in for the last two-week period is set at 57.83, with the RSI for the last a single of trading hit 55.80, and the three-weeks RSI is set at 56.60 for Synovus Financial Corp. [SNV]. The present Moving Average for the last 50 days of trading for this stock 22.20, while it was recorded at 24.01 for the last single week of trading, and 23.46 for the last 200 days.

Synovus Financial Corp. [SNV]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Synovus Financial Corp. [SNV] shares currently have an operating margin of +34.82. Synovus Financial Corp.’s Net Margin is presently recorded at +23.43.

Return on Total Capital for SNV is now 10.99, given the latest momentum, and Return on Invested Capital for the company is 9.69. Return on Equity for this stock inclined to 13.96, with Return on Assets sitting at 1.39. When it comes to the capital structure of this company, Synovus Financial Corp. [SNV] has a Total Debt to Total Equity ratio set at 93.51. Additionally, SNV Total Debt to Total Capital is recorded at 48.32, with Total Debt to Total Assets ending up at 9.53. Long-Term Debt to Equity for the company is recorded at 43.31, with the Long-Term Debt to Total Capital now at 19.95.

Reflecting on the efficiency of the workforce at the company, Synovus Financial Corp. [SNV] managed to generate an average of $104,617 per employee.

Synovus Financial Corp. [SNV]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Synovus Financial Corp. posted 0.97/share EPS, while the average EPS was predicted by analysts to be reported at 0.99/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -2.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SNV. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Synovus Financial Corp. go to 8.00%.

An analysis of insider ownership at Synovus Financial Corp. [SNV]

There are presently around $2,832 million, or 81.40% of SNV stock, in the hands of institutional investors. The top three institutional holders of SNV stocks are: BLACKROCK INC. with ownership of 14,964,089, which is approximately 1.946% of the company’s market cap and around 0.60% of the total institutional ownership; VANGUARD GROUP INC, holding 13,463,382 shares of the stock with an approximate value of $320.97 million in SNV stocks shares; and WELLINGTON MANAGEMENT GROUP LLP, currently with $209.9 million in SNV stock with ownership of nearly -15.551% of the company’s market capitalization.

Positions in Synovus Financial Corp. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 166 institutional holders increased their position in Synovus Financial Corp. [NYSE:SNV] by around 16,473,955 shares. Additionally, 134 investors decreased positions by around 14,350,827 shares, while 56 investors held positions by with 87,947,437 shares. The mentioned changes placed institutional holdings at 118,772,219 shares, according to the latest SEC report filing. SNV stock had 41 new institutional investments in for a total of 3,515,815 shares, while 47 institutional investors sold positions of 3,599,153 shares during the same period.

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