Synovus Finl SNV has been analyzed by 13 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
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 | 6 | 4 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 2 | 4 | 3 | 0 | 0 |
| 2M Ago | 1 | 2 | 0 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Synovus Finl, presenting an average target of $47.54, a high estimate of $55.00, and a low estimate of $41.00. This upward trend is evident, with the current average reflecting a 11.36% increase from the previous average price target of $42.69.
Analyzing Analyst Ratings: A Detailed Breakdown
The analysis of recent analyst actions sheds light on the perception of Synovus Finl by financial experts. 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 |
|---|---|---|---|---|---|
| Manan Gosalia | Morgan Stanley | Raises | Equal-Weight | $51.00 | $41.00 |
| Manan Gosalia | Morgan Stanley | Raises | Equal-Weight | $41.00 | $38.00 |
| Jared Shaw | Barclays | Raises | Overweight | $47.00 | $46.00 |
| Jon Arfstrom | RBC Capital | Raises | Outperform | $49.00 | $45.00 |
| Kevin Fitzsimmons | DA Davidson | Raises | Buy | $55.00 | $47.00 |
| Brandon King | Truist Securities | Raises | Buy | $50.00 | $44.00 |
| Russell Gunther | Stephens & Co. | Raises | Equal-Weight | $46.00 | $43.00 |
| Brad Milsaps | Piper Sandler | Raises | Overweight | $53.00 | $42.00 |
| Brady Gailey | Keefe, Bruyette & Woods | Raises | Market Perform | $42.00 | $38.00 |
| Timur Braziler | Wells Fargo | Raises | Overweight | $42.00 | $40.00 |
| Casey Haire | Jefferies | Raises | Buy | $47.00 | $44.00 |
| Steven Alexopoulos | JP Morgan | Raises | Overweight | $49.00 | $48.00 |
| Jared Shaw | Barclays | Raises | Overweight | $46.00 | $39.00 |
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: Gaining insights, analysts provide estimates for the future value of Synovus Finl's stock. This comparison reveals trends in analysts' expectations over time.
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.
Get to Know Synovus Finl Better
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 Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Growth: Synovus Finl's revenue growth over a period of 3 months has faced challenges. As of 30 June, 2024, the company experienced a revenue decline of approximately -43.07%. This indicates a decrease in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Financials sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of -7.75%, the company may need to address 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 -0.53%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Synovus Finl's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -0.04%, the company may face hurdles in achieving optimal financial returns.
Debt Management: With a below-average debt-to-equity ratio of 0.51, Synovus Finl adopts a prudent financial strategy, indicating a balanced approach to debt management.
How Are Analyst Ratings Determined?
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.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
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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