Synovus Financial Corp. Stock Rating Lowered by Keefe, Bruyette & Woods (SNV)
Synovus Financial Corp. (NYSE:SNV) was downgraded by Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating in a research note issued on Tuesday, TheFlyOnTheWall.com reports.
SNV has been the subject of a number of other recent research reports. 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 research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $3.21.
Synovus Financial Corp. (NYSE:SNV) traded up 0.61% on Tuesday, hitting $3.32. 4,112,246 shares of the company’s stock traded hands. Synovus Financial Corp. has a 52 week low of $2.02 and a 52 week high of $3.52. The stock has a 50-day moving average of $3.32 and a 200-day moving average of $2.91. The company has a market cap of $3.248 billion and a price-to-earnings ratio of 3.89.
Synovus Financial Corp. (NYSE:SNV) last announced its earnings results on Tuesday, October 22nd. The company reported $0.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.04. During the same quarter in the previous 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.
Synovus Financial Corp. (NYSE:SNV) is a financial services and a bank holding company.
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