The Analyst Landscape: 8 Takes On Synovus Finl
Portfolio Pulse from Benzinga Insights
Synovus Financial Corp (NYSE:SNV) has been the subject of diverse analyst opinions over the past three months, with 8 analysts offering ratings that range from bullish to indifferent. The average 12-month price target for SNV has increased by 11.77% to $37.88, with a high estimate of $46.00 and a low of $31.00. Recent analyst actions include both raised and lowered price targets and ratings. Synovus provides a range of banking services and has four main segments, with Wholesale Banking being the largest. The company's market capitalization is below the industry average, and it has experienced a revenue decline of -11.28% as of September 30, 2023. Additionally, Synovus has a net margin of 16.93%, an ROE of 2.12%, an ROA of 0.15%, and a debt-to-equity ratio of 0.68, all of which are below industry standards.
January 03, 2024 | 1:00 pm
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NEUTRAL IMPACT
Synovus Financial Corp (SNV) has received mixed analyst ratings with an updated average 12-month price target of $37.88. The company's financial performance shows a revenue decline and below-average profitability and efficiency ratios.
The mixed analyst ratings and the recent increase in the average price target suggest a neutral short-term impact on SNV's stock price. The financial challenges indicated by the negative revenue trend and below-average financial ratios could temper investor enthusiasm, despite the raised price targets by some analysts.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100