Synovus Finl SNV has been analyzed by 22 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 6 | 7 | 9 | 0 | 0 |
| Last 30D | 1 | 0 | 1 | 0 | 0 |
| 1M Ago | 4 | 6 | 6 | 0 | 0 |
| 2M Ago | 1 | 1 | 2 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $41.82, with a high estimate of $50.00 and a low estimate of $37.00. Observing a downward trend, the current average is 4.74% lower than the prior average price target of $43.90.
Analyzing Analyst Ratings: A Detailed Breakdown
A comprehensive examination of how financial experts perceive Synovus Finl is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Kevin Fitzsimmons | DA Davidson | Raises | Buy | $47.00 | $43.00 |
| Russell Gunther | Stephens & Co. | Maintains | Equal-Weight | $38.00 | - |
| Manan Gosalia | Morgan Stanley | Maintains | Equal-Weight | $37.00 | $37.00 |
| Brandon King | Truist Securities | Lowers | Buy | $39.00 | $45.00 |
| Ryan Nash | Goldman Sachs | Lowers | Neutral | $41.00 | $46.00 |
| Brady Gailey | Keefe, Bruyette & Woods | Lowers | Market Perform | $38.00 | $46.00 |
| Brad Milsaps | Piper Sandler | Lowers | Overweight | $42.00 | $46.00 |
| Jon Arfstrom | RBC Capital | Lowers | Outperform | $41.00 | $44.00 |
| Brady Gailey | Keefe, Bruyette & Woods | Lowers | Market Perform | $38.00 | $46.00 |
| Kevin Fitzsimmons | DA Davidson | Lowers | Buy | $43.00 | $45.00 |
| Jared Shaw | Barclays | Lowers | Equal-Weight | $39.00 | $42.00 |
| Ryan Nash | Goldman Sachs | Lowers | Neutral | $41.00 | $46.00 |
| Timur Braziler | Wells Fargo | Lowers | Overweight | $40.00 | $42.00 |
| Steven Alexopoulos | JP Morgan | Lowers | Overweight | $48.00 | $50.00 |
| Ebrahim Poonawala | B of A Securities | Lowers | Buy | $40.00 | $44.00 |
| Timur Braziler | Wells Fargo | Raises | Overweight | $42.00 | $40.00 |
| Jon Arfstrom | RBC Capital | Raises | Outperform | $44.00 | $42.00 |
| Casey Haire | Jefferies | Lowers | Buy | $43.00 | $46.00 |
| Steven Alexopoulos | JP Morgan | Raises | Overweight | $50.00 | $46.00 |
| Brandon King | Truist Securities | Raises | Buy | $45.00 | $42.00 |
| John Pancari | Evercore ISI Group | Raises | In-Line | $42.00 | $40.00 |
| Jared Shaw | Barclays | Announces | Equal-Weight | $42.00 | - |
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: 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: Delving into movements, analysts provide estimates for the future value of Synovus Finl's stock. This analysis reveals shifts in analysts' expectations over time.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Synovus Finl's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on Synovus Finl analyst ratings.
Discovering Synovus Finl: A Closer Look
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.
Synovus Finl: Financial Performance Dissected
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Negative Revenue Trend: Examining Synovus Finl's financials over 3 months reveals challenges. As of 31 March, 2024, the company experienced a decline of approximately -7.92% 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 falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 21.35%, the company may face hurdles in effective cost management.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 2.53%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Synovus Finl's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 0.19%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Synovus Finl's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.51.
What Are Analyst Ratings?
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
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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