Evercore ISI analyst John Pancari downgraded Synovus (SNV) to Hold today and set a price target of $38. The company’s shares closed last Monday at $36.18.
Pancari has an average return of 0.5% when recommending Synovus.
According to TipRanks.com, Pancari is ranked #715 out of 5552 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Synovus with a $42 average price target.
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Synovus’ market cap is currently $5.58B and has a P/E ratio of 10.66. The company has a Price to Book ratio of 1.25.
Based on the recent corporate insider activity of 84 insiders, corporate insider sentiment is neutral on the stock.
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Synovus Financial Corp. is a bank holding company, which engages in the provision of financial services. It offers private banking, treasury management, wealth management, premium finance and international banking, commercial and retail banking, financial management, insurance, and mortgage services to its customers.
