Piper Sandler analyst Stephen Scouten maintained a Buy rating on Synovus (SNV – Research Report) on January 18 and set a price target of $42.00. The company’s shares opened today at $37.93.
According to TipRanks, Scouten is a 4-star analyst with an average return of 6.6% and a 57.34% success rate. Scouten covers the Financial sector, focusing on stocks such as Synovus, Cadence Bank, and Capital City Bank.
Synovus has an analyst consensus of Strong Buy, with a price target consensus of $42.58, a 12.26% upside from current levels. In a report released today, D.A. Davidson also maintained a Buy rating on the stock with a $45.00 price target.
See today’s best-performing stocks on TipRanks >>
Based on Synovus’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $550.3 million and a net profit of $97.1 million. In comparison, last year the company earned a revenue of $582.22 million and had a net profit of $203.04 million
Based on the recent corporate insider activity of 108 insiders, corporate insider sentiment is neutral on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Synovus (SNV) Company Description:
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. The company was founded in 1972 and is headquartered in Columbus, GA.
Read More on SNV:
