In a report released today, Jennifer Demba from SunTrust Robinson reiterated a Buy rating on Synovus (SNV), with a price target of $41. The company’s shares opened today at $34.05, close to its 52-week low of $29.93.
According to TipRanks.com, Demba is a 4-star analyst with an average return of 4.4% and a 56.0% success rate. Demba covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Hancock Whitney Corporation, and Pinnacle Financial Partners.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Synovus with a $45.50 average price target, implying a 33.6% upside from current levels. In a report released today, Morgan Stanley also maintained a Buy rating on the stock with a $47 price target.
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Synovus’ market cap is currently $3.88B and has a P/E ratio of 11.78. The company has a Price to Book ratio of 1.36.
Based on the recent corporate insider activity of 173 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SNV in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Synovus Financial Corp. is a bank holding company, which engages in the provision of financial services. It offers commercial and retail banking, financial management, insurance, and mortgage services to its customers. The company was founded in 1972 and is headquartered in Columbus, GA.
