Synovus Financial Corp. (NYSE:SNV) has a mean price target of $32.95 by market experts. Market leading group First Call has reached this recommendation by considering recommendations of top analysts in the industry. These experts have specified earnings of $0.51 a share for the very next quarter and $1.86 for this year.
The technical study of Synovus Financial Corp. Common demonstrates that the 50-day moving average of Synovus Financial Corp. (NYSE:SNV) stock is $31.97, and is trading $0.64 points away or +2.01% from 50-day moving average of $31.97. It is trading $2.20 or +7.23% away 200-day moving average of $30.41.
The 52-week high of Synovus Financial Corp. (NYSE:SNV) was $33.80 while $25.48 is the low mark in the same period. It state Synovus Financial Corp. Common share price has to surge more than $-1.19 to hit 52-week high or drop +27.98% to make a 52-week mark. MA here hints at moving average.
Taking the valuation part to reach the estimation of Synovus Financial Corp. Common , investors apply price-to-earnings ratio, which is shortened as P/E ratio. It weighs equity price by the relative expense of the equity. Synovus Financial Corp. (NYSE:SNV) ratio came in at 19.30, after dividing current equity price by yearly earnings. Synovus Financial Corp. Common stock recorded a close of $32.61 in last trading session, registering a market cap of $4.01B.
The price-earnings ratio can be seen as a means of regulating the value of per dollar of earnings through the stock market. In concept, by taking the average of P/E over a period of numerous years, one could frame something of a uniform P/E ratio, which can then be understood as a benchmark and utilized to indicate whether or not a share is worth buying.
Investors estimate the Price-to-Earnings-Growth ratio to catch up with a clear view on the firm valuation. For stocks with higher PEG ratio, they are considered as sell option. The undervalued equity displays PEG ratio of 0 or 1. On contrary, the fairly valued equity has ratio of 1 and 2. Synovus Financial Corp. (NYSE:SNV) PEG ratio is at 2.17.
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