Some good signs for Synovus Financial Corp (NYSE:SNV)
Last Thursday, Drexel Hamilton’s analysts’ downgraded Synovus Financial Corp (NYSE:SNV) from a “buy” to a “hold” rating and have currently set a target price of $3.50 on the stock. This price objective might just indicate a possible upside of 2.34 percent from the price that it currently stands at. Analysts have noted that this move was more of a valuation call. The company has been the subject of several other analysts’ reports
Jeffries Group analysts reiterated their “hold” rating on SNV shares, on 22 July and now have a $3.00 price target on them which is up from the $2.50 that had been set earlier. Sun Trust analysts’ raised their price-target on Synovus shares from $2.80 to $3.30 on July 19th and now have a “neutral” rating on its stock.
Compass Point analysts’ have upgraded the SNV shares from a “neutral” to a “buy rating and now have a target price of $3.50 which is up from the $2.70 that had been set earlier. Two analysts have set a “sell” rating on the stock while 8 have issued a “hold” rating and six analysts have set a “buy” rating on the stock. At present, the average rating on Synovus stock is “hold” and the average price target is $3.08.
The company last issued its quarterly earnings report on 18 July. The company has reported earnings per share of $0.03 which was on par with the average analyst estimate of $0.03. In the same quarter of the previous year, the company had posted earnings per share of $0.03. The average analysts’ EPS projection for the current financial year is $0.14.
Synovus Financial Corp. (NYSE:SNV) last issued its quarterly earnings data on Thursday, July 18th. The company reported $0.03 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.03. During the same quarter in the prior year, the company posted $0.03 earnings per share.