Zacks Rating on Synovus Financial (SNV)

Synovus Financial (SNV) : Zacks Investment Research ranks Synovus Financial (SNV) as 3, which is a Hold recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. 2 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 6 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 11 research analysts is 3.03, which indicates as a Hold.

Synovus Financial (SNV) : The highest level Synovus Financial (SNV) is projected to reach is $35 for the short term and the lowest estimate is at $29. The consolidated price target from 9 rating analysts who initiate coverage on the stock is $32.03 and the possibility the share price can swing is $2.1.


Shares of Synovus Financial Corporation rose by 1.42% in the last five trading days and 5.09% for the last 4 weeks. Synovus Financial Corporation is up 1.98% in the last 3-month period. Year-to-Date the stock performance stands at 0.19%. Synovus Financial (NYSE:SNV): On Tuesdays trading session , Opening price of the stock was $32.15 with an intraday high of $32.54. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $32.0861. However, the stock managed to close at $32.18, a loss of 0.65% for the day. On the previous day, the stock had closed at $32.39. The total traded volume of the day was 779,701 shares.

Synovus Financial Corp. (Synovus) is a financial services and a bank holding company. The Company provides integrated financial services, including commercial and retail banking, financial management, insurance and mortgage services to its customers through 28 locally branded banking divisions of its wholly owned subsidiary bank, Synovus Bank, and other offices in Georgia, Alabama, South Carolina, Florida and Tennessee. Its retail banking services include accepting customary types of demand and savings deposits; mortgage, installment and other retail loans; investment and brokerage services; safe deposit services; automated banking services; automated fund transfers; Internet-based banking services, and bank credit card services, including MasterCard and Visa services. The Companys commercial banking services include cash management, asset management, capital markets services, institutional trust services and commercial, financial and real estate loans.

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