Across the recent three months, 8 analysts have shared their insights on Synovus Finl SNV, expressing a variety of opinions spanning from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 2 | 4 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 1 | 0 | 0 |
| 2M Ago | 0 | 0 | 1 | 0 | 0 |
| 3M Ago | 2 | 2 | 1 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Synovus Finl, presenting an average target of $42.25, a high estimate of $46.00, and a low estimate of $37.00. This upward trend is evident, with the current average reflecting a 11.18% increase from the previous average price target of $38.00.
Deciphering Analyst Ratings: An In-Depth Analysis
The perception of Synovus Finl by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| John Pancari | Evercore ISI Group | Raises | In-Line | $42.00 | $40.00 |
| 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 | - |
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: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate 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.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Synovus Finl's market position. Stay informed and make data-driven decisions with the assistance of 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.
Unraveling the Financial Story of Synovus Finl
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Decline in Revenue: Over the 3 months period, Synovus Finl faced challenges, resulting in a decline of approximately -18.57% in revenue growth as of 31 December, 2023. This signifies a reduction in the company's 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 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): Synovus Finl's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 0.1%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: With a below-average debt-to-equity ratio of 0.27, Synovus Finl adopts a prudent financial strategy, indicating a balanced approach to debt management.
The Basics of Analyst Ratings
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.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
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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