In the preceding three months, 11 analysts have released ratings for Synovus Finl SNV, presenting a wide array of perspectives from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 3 | 4 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 1 | 2 | 0 | 0 | 0 |
| 2M Ago | 2 | 0 | 3 | 0 | 0 |
| 3M Ago | 1 | 1 | 0 | 0 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $41.09, a high estimate of $46.00, and a low estimate of $37.00. This upward trend is evident, with the current average reflecting a 14.94% increase from the previous average price target of $35.75.
Investigating Analyst Ratings: An Elaborate Study
The standing of Synovus Finl among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Manan Gosalia | Morgan Stanley | Raises | Equal-Weight | $37.00 | $29.00 |
| Brody Preston | UBS | Raises | Buy | $44.00 | $42.00 |
| Jon Arfstrom | RBC Capital | Maintains | Outperform | $42.00 | - |
| Brady Gailey | Keefe, Bruyette & Woods | Raises | Outperform | $46.00 | $45.00 |
| Michael Rose | Raymond James | Raises | Strong Buy | $45.00 | $34.00 |
| John Pancari | Evercore ISI Group | Announces | In-Line | $40.00 | - |
| Russell Gunther | Stephens & Co. | Announces | Equal-Weight | $40.00 | - |
| Ryan Nash | Goldman Sachs | Raises | Neutral | $37.00 | $33.00 |
| Jennifer Demba | Truist Securities | Raises | Buy | $46.00 | $38.00 |
| Jon Arfstrom | RBC Capital | Raises | Outperform | $37.00 | $34.00 |
| Jennifer Demba | Truist Securities | Raises | Buy | $38.00 | $31.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Synovus Finl. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Synovus Finl compared to the broader market.
- Price Targets: Delving into movements, analysts provide estimates for the future value of Synovus Finl's stock. This analysis reveals shifts in analysts' expectations over time.
To gain a panoramic view of Synovus Finl's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on Synovus Finl analyst ratings.
About Synovus Finl
Synovus Financial Corp provides commercial and consumer banking in addition to a full suite of specialized products & services such as private banking, treasury management, wealth management, mortgage services, premium finance, asset-based lending, structured lending, capital markets, & international banking to clients through the wholly-owned subsidiary bank, Synovus Bank, and other offices in Alabama, Florida, Georgia, South Carolina, and Tennessee. It has four segments Wholesale Banking, Community Banking, Consumer Banking, and Financial Management Services, out of which the majority is from the Wholesale banking segment.
Key Indicators: Synovus Finl's Financial Health
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Revenue Challenges: Synovus Finl's revenue growth over 3 months faced difficulties. As of 31 December, 2023, the company experienced a decline of approximately -5.39%. This indicates a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Financials sector.
Net Margin: Synovus Finl's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 12.41%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 1.41%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Synovus Finl's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.1%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.42.
The Basics of Analyst Ratings
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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