Synovus Financial Corp. Given New $3.75 Price Target at Keefe, Bruyette & Woods (SNV)
Analysts at Keefe, Bruyette & Woods upped their target price on shares of Synovus Financial Corp. (NYSE:SNV) from $3.25 to $3.75 in a research report issued to clients and investors on Wednesday, American Banking & Market News reports. Keefe, Bruyette & Woods’ target price suggests a potential upside of 13.29% from the stock’s previous close.
Synovus Financial Corp. (NYSE:SNV) traded down 2.07% on Wednesday, hitting $3.31. 6,525,510 shares of the company’s stock traded hands. Synovus Financial Corp. has a one year low of $2.02 and a one year high of $3.52. The stock’s 50-day moving average is $3.32 and its 200-day moving average is $2.91. The company has a market cap of $3.238 billion and a price-to-earnings ratio of 3.98.
Synovus Financial Corp. (NYSE:SNV) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $0.04 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.04. During the same quarter last year, the company posted $0.02 earnings per share. Analysts expect that Synovus Financial Corp. will post $0.14 EPS for the current fiscal year.
A number of other firms have also recently commented on SNV. Analysts at ISI Group initiated coverage on shares of Synovus Financial Corp. in a research note to investors on Tuesday, October 8th. They set a “neutral” rating and a $3.50 price target on the stock. Separately, analysts at Zacks upgraded shares of Synovus Financial Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, October 4th. They now have a $3.75 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Synovus Financial Corp. in a research note to investors on Monday, September 30th. They now have a $3.50 price target on the stock. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. Synovus Financial Corp. presently has an average rating of “Hold” and an average target price of $3.21.
Synovus Financial Corp. (NYSE:SNV) is a financial services and a bank holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.