Impact of Brokerage Rating on Synovus Financial Corp.(SNV)

Many Synovus Financial Corp.(SNV) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Synovus Financial Corp. was Initiated by JMP Securities to Mkt Perform on Feb 2, 2017. Synovus Financial Corp. was Upgraded by Wells Fargo to Market Perform on Jan 9, 2017. Synovus Financial Corp. was Downgraded by Hovde Group on Jan 9, 2017 to Market Perform, Lowers Price Target to $ 44 from a previous price target of $52 .Synovus Financial Corp. was Downgraded by Keefe Bruyette to Mkt Perform on Nov 29, 2016.

Company has reported several Insider transactions to the SEC, on Jan 25, 2017, Allen J Gula (EVP & Chief Operations Officer) sold 2,450 shares at 41.76 per share price.On Nov 9, 2016, Curtis J Perry (EVP& Chief Corp Banking Office) sold 8,000 shares at 33.66 per share price.On Oct 28, 2016, Mark G Holladay (Exec.VP,Chief Risk Officer) sold 6,035 shares at 33.28 per share price.

Synovus Financial Corp. Last issued its quarterly earnings results on Jan 17, 2017. The company reported $0.54 EPS for the quarter, beating the analyst consensus estimate by $ 0.01. Analyst had a consensus of $0.53.Analysts expectations of $ 300.21.During the same quarter in the previous year, the company posted $0.44 EPS.

Synovus Financial Corp. (NYSE:SNV) has received a short term rating of buy from experts at Zacks with a rank of 2. The stock has been rated an average of 3 by 14 Brokerage Firm. 1 Wall Street Firms have rated the stock as a strong buys. 12 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell.

Synovus Financial Corp. (NYSE:SNV): The mean estimate for the short term price target for Synovus Financial Corp. (NYSE:SNV) stands at $42.15 according to 10 Analysts. The higher price target estimate for the stock has been calculated at $46 while the lower price target estimate is at $36.

Synovus Financial Corp. (NYSE:SNV) rose 1.6% or 0.67 points on Tuesday and made its way into the gainers of the day. After trading began at $42 the stock was seen hitting $42.73 as a peak level and $41.83 as the lowest level. The stock ended up at $42.66. The daily volume was measured at 888,737 shares. The 52-week high of the share price is $42.94 and the 52-week low is $25.7801. The company has a market cap of $5,216 million.

Synovus Financial Corp. is engaged in two reportable business segments: banking, which is primarily involved in commercial banking activities and also provides retail banking, trust services, mortgage banking, securities brokerage and insurance services, and transaction processing, which includes credit, debit, commercial and retail card processing and related services and debt collection and bankruptcy management services.


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