Ratings for Synovus Finl SNV were provided by 10 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 2 | 5 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 1 | 0 | 0 |
| 2M Ago | 1 | 2 | 0 | 0 | 0 |
| 3M Ago | 2 | 0 | 3 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Synovus Finl, presenting an average target of $41.9, a high estimate of $46.00, and a low estimate of $37.00. Surpassing the previous average price target of $36.83, the current average has increased by 13.77%.
Breaking Down Analyst Ratings: A Detailed Examination
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 |
|---|---|---|---|---|---|
| Jared Shaw | Barclays | Announces | Equal-Weight | $42.00 | - |
| 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 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Synovus Finl. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Synovus Finl compared to the broader market.
- Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Synovus Finl's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Synovus Finl's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on Synovus Finl analyst ratings.
Delving into Synovus Finl's Background
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.
Understanding the Numbers: Synovus Finl's Finances
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Negative Revenue Trend: Examining Synovus Finl's financials over 3 months reveals challenges. As of 31 December, 2023, the company experienced a decline of approximately -18.57% in revenue growth, reflecting a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Financials sector.
Net Margin: Synovus Finl's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 12.26%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Synovus Finl's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 1.41%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 0.1%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: Synovus Finl's debt-to-equity ratio is below the industry average. With a ratio of 0.27, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
What Are Analyst Ratings?
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
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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