Stock To Watch: Synovus Financial Corp. (NYSE:SNV)


The leading market experts have placed a mean price target of $32.53 on Synovus Financial Corp. (NYSE:SNV) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.51 a share for the upcoming quarter and $1.86 for the current fiscal.

Technical View

The technical analysis of Synovus Financial Corp. Common plainly substantiates that the 50-day moving average of Synovus Financial Corp. Common is $29.78, and stock is trading $1.70 points away or +5.69% from its 50-day moving average of $29.78. Further it is trading $1.86 or +6.29% away its 200-day moving average of $29.62. Synovus Financial Corp. (NYSE:SNV) 52-week high is $33.80 and the 52-week low is $25.48.

This explains if the stock moves $-2.32, it will post a 52-week high. In event of +23.55% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Synovus Financial Corp. Common , shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Synovus Financial Corp. (NYSE:SNV) ratio came in at 18.63.

The stock last ended the trading session at $31.48 and registered a market cap of $3.87B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Synovus Financial Corp. (NYSE:SNV) PEG ratio is at 2.14.

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