Synovus Financial Corp. [NYSE: SNV] gained 5.13% on the last trading session, reaching $50.85 price per share at the time.
If compared to the average trading volume of 1.36M shares, SNV reached a trading volume of 4241855 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 $52.62 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 1.82. 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.
Citigroup have made an estimate for Synovus Financial Corp. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 10, 2024. While these analysts kept the previous recommendation, Wells Fargo dropped their target price from $48 to $46. The new note on the price target was released on October 01, 2024, representing the official price target for Synovus Financial Corp. stock. Previously, the target price had yet another raise to $49, while Raymond James analysts kept a Outperform rating on SNV stock. On June 24, 2024, analysts increased their price target for SNV shares from 39 to 46.
The Average True Range (ATR) for Synovus Financial Corp. is set at 1.42, with the Price to Sales ratio for SNV stock in the period of the last 12 months amounting to 2.19. The Price to Book ratio for the last quarter was 1.50. Price to Free Cash Flow for SNV in the course of the last twelve months was 8.89.
Trading performance analysis for SNV stock
Synovus Financial Corp. [SNV] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 15.62. With this latest performance, SNV shares gained by 12.92% in over the last four-week period, additionally plugging by 50.00% over the last 6 months – not to mention a rise of 82.72% 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 76.87, with the RSI for the last a single of trading hit 84.82, and the three-weeks RSI is set at 71.17 for Synovus Financial Corp. [SNV]. The present Moving Average for the last 50 days of trading for this stock 44.22, while it was recorded at 47.78 for the last single week of trading, and 40.13 for the last 200 days.
Synovus Financial Corp. [SNV]: A deeper dive into fundamental analysis
Synovus Financial Corp.’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.07.
Synovus Financial Corp. [SNV]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Synovus Financial Corp. posted 0.84/share EPS, while the average EPS was predicted by analysts to be reported at 0.86/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.02. 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 5.33%.
An analysis of Institutional ownership at Synovus Financial Corp. [SNV]
There are presently around $87.35%, or 88.47%% of SNV stock, in the hands of institutional investors. The top three institutional holders of SNV stocks are: VANGUARD GROUP INC with ownership of 14.35 million shares, which is approximately 9.8001%. BLACKROCK INC., holding 13.4 million shares of the stock with an approximate value of $$538.45 million in SNV stocks shares; and BLACKROCK INC., currently with $$443.21 million in SNV stock with ownership which is approximately 7.5311%.
