Morgan Stanley analyst Ken Zerbe maintained a Hold rating on Synovus (NYSE: SNV) today and set a price target of $55. The company’s shares closed yesterday at $47.40.
According to TipRanks.com, Zerbe is ranked #1097 out of 4874 analysts.
Synovus has an analyst consensus of Hold, with a price target consensus of $56.20, implying a 18.6% upside from current levels. In a report released yesterday, Stephens also assigned a Hold rating to the stock with a $54 price target.
.
See today’s analyst top recommended stocks >>
The company has a one-year high of $57.40 and a one-year low of $43.15. Currently, Synovus has an average volume of 1.28M.
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.
