Synovus Financial Corp. Hits New 52-Week High at $3.62 (SNV)
Shares of Synovus Financial Corp. (NYSE:SNV) hit a new 52-week high during trading hours on Wednesday, Analyst Ratings.Net reports. The company traded as high as $3.62 and last traded at $3.57, with a volume of 6,735,311 shares trading hands. The stock had previously closed at $3.60.
A number of research firms have recently commented on SNV. Analysts at Zacks reiterated an “outperform” rating on shares of Synovus Financial Corp. in a research note to investors on Thursday, January 2nd. They now have a $4.00 price target on the stock. Separately, analysts at Compass Point raised their price target on shares of Synovus Financial Corp. from $3.50 to $4.00 in a research note to investors on Friday, December 20th. They now have a “buy” rating on the stock. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of Synovus Financial Corp. from $3.25 to $3.75 in a research note to investors on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $3.27.
Synovus Financial Corp. has a 52 week low of $2.41 and a 52 week high of $3.62. The stock’s 50-day moving average is $3.45 and its 200-day moving average is $3.30. The company has a market cap of $3.461 billion and a P/E ratio of 4.19.
Synovus Financial Corp. (NYSE:SNV) last posted its quarterly 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. On average, analysts predict that Synovus Financial Corp. will post $0.14 earnings per share for the current fiscal year.
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.