The price-to-earnings ratio for Synovus Financial Corp. (NYSE: SNV) is 6.04x, which is above its average ratio. Moreover, the 36-month beta value for SNV is 1.41. Analysts have varying opinions on the stock, with 10 analysts rating it as a “buy,” 2 as “overweight,” 4 as “hold,” and 0 as “sell.”
The average price recommended by analysts for Synovus Financial Corp. (SNV) is $46.25, which is $17.37 above the current market price. The public float for SNV is 143.47M and currently, short sellers hold a 2.98% of that float. On March 17, 2023, SNV’s average trading volume was 1.39M shares.
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SNV) stock’s latest price update
Synovus Financial Corp. (NYSE: SNV)’s stock price has increased by 1.94 compared to its previous closing price of 29.31. However, the company has seen a -16.40% decrease in its stock price over the last five trading sessions. The Wall Street Journal reported on 01/20/22 that Netflix, Alibaba, Ford, Travelers: What to Watch in the Stock Market Today
SNV’s Market Performance
Synovus Financial Corp. (SNV) has seen a -16.40% fall in stock performance for the week, with a -30.83% decline in the past month and a -22.99% plunge in the past quarter. The volatility ratio for the week is 12.32%, and the volatility levels for the past 30 days are at 4.92% for SNV. The simple moving average for the last 20 days is -23.87% for SNV stock, with a simple moving average of -24.64% for the last 200 days.
Analysts’ Opinion of SNV
Many brokerage firms have already submitted their reports for SNV stocks, with UBS repeating the rating for SNV by listing it as a “Neutral.” The predicted price for SNV in the upcoming period, according to UBS is $33 based on the research report published on March 15th of the current year 2023.
Morgan Stanley, on the other hand, stated in their research note that they expect to see SNV reach a price target of $44. The rating they have provided for SNV stocks is “Equal-Weight” according to the report published on December 05th, 2022.
JP Morgan gave a rating of “Overweight” to SNV, setting the target price at $56 in the report published on December 15th of the previous year.
SNV Trading at -25.45% from the 50-Day Moving Average
After a stumble in the market that brought SNV to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -42.78% of loss for the given period.
Volatility was left at 4.92%, however, over the last 30 days, the volatility rate increased by 12.32%, as shares sank -31.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -19.29% lower at present.
During the last 5 trading sessions, SNV fell by -16.40%, which changed the moving average for the period of 200-days by -29.40% in comparison to the 20-day moving average, which settled at $38.56. In addition, Synovus Financial Corp. saw -20.43% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SNV starting from Dierdorff Thomas T, who sale 1,947 shares at the price of $43.36 back on Feb 10. After this action, Dierdorff Thomas T now owns 9,314 shares of Synovus Financial Corp., valued at $84,422 using the latest closing price.
KAMENSKY ALLAN E, the EVP and General Counsel of Synovus Financial Corp., sale 663 shares at $43.80 during a trade that took place back on Nov 14, which means that KAMENSKY ALLAN E is holding 5,090 shares at $29,039 based on the most recent closing price.
Stock Fundamentals for SNV
Current profitability levels for the company are sitting at:
- +38.43 for the present operating margin
The net margin for Synovus Financial Corp. stands at +30.49. Equity return is now at value 18.20, with 1.20 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.07.
Conclusion
To wrap up, the performance of Synovus Financial Corp. (SNV) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
