Stephens Assigns a Hold Rating on Synovus (SNV)
Stephens analyst Tyler Stafford assigned a Hold rating to Synovus (SNV) today and set a price target of $40. The company’s shares closed yesterday at $33.43, close to its 52-week low of $29.93.
According to TipRanks.com, Stafford is a 4-star analyst with an average return of 4.4% and a 54.5% success rate. Stafford covers the Financial sector, focusing on stocks such as Capstar Financial Holdings Inc, Carolina Financial Corporation, and Amerant Bancorp Inc. Class A.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Synovus with a $43.40 average price target.
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The company has a one-year high of $55.42 and a one-year low of $29.93. Currently, Synovus has an average volume of 1.61M.
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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.