In the preceding three months, 22 analysts have released ratings for Synovus Finl SNV, presenting a wide array 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 | 8 | 8 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 1 | 0 | 1 | 0 | 0 |
| 3M Ago | 5 | 7 | 7 | 0 | 0 |
Insights from analysts' 12-month price targets are revealed, presenting an average target of $42.0, a high estimate of $50.00, and a low estimate of $37.00. A 3.25% drop is evident in the current average compared to the previous average price target of $43.41.
Exploring Analyst Ratings: An In-Depth Overview
A clear picture of Synovus Finl's perception among financial experts is painted 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 | Raises | Overweight | $46.00 | $39.00 |
| Russell Gunther | Stephens & Co. | Maintains | Equal-Weight | $38.00 | $38.00 |
| Kevin Fitzsimmons | DA Davidson | Raises | Buy | $47.00 | $43.00 |
| 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 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Synovus Finl. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Synovus Finl compared to the broader market.
- Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Synovus Finl's stock. This comparison reveals trends in analysts' expectations over time.
Capture valuable insights into Synovus Finl's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic 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.
Synovus Finl's Economic Impact: An Analysis
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.
Revenue Challenges: Synovus Finl's revenue growth over 3 months faced difficulties. As of 31 March, 2024, the company experienced a decline of approximately -7.92%. 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 lags behind industry averages, suggesting challenges in maintaining 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 standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.19%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: Synovus Finl's debt-to-equity ratio is below the industry average. With a ratio of 0.51, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Analyst Ratings: What Are They?
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
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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