Analyst Rating Update on Synovus Financial (SNV)

Synovus Financial (NYSE:SNV) has an average broker rating of 2.86, which is interpreted as a Hold, as rated by 12 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 6 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy. 2 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.

Synovus Financial (NYSE:SNV) : The consensus price target for Synovus Financial (NYSE:SNV) is $32.55 for the short term with a standard deviation of $2.11. The most optimist securities analyst among the 10 who monitor the stock believes that the stock can reach $35, however, the pessimist price target for the company is $29.

Company shares have received an average consensus rating of Hold for the current week Also, Raymond James downgrades its view on Synovus Financial (NYSE:SNV) according to the research report released by the firm to its investors. The shares have now been rated Market Perform by the stock experts at the ratings house. Earlier, the shares had a rating of Outperform. The rating by the firm was issued on April 20, 2016.

Synovus Financial (NYSE:SNV): stock turned positive on Tuesday. Though the stock opened at $27.66, the bulls momentum made the stock top out at $28.125 level for the day. The stock recorded a low of $27.36 and closed the trading day at $27.99, in the green by 3.40%. The total traded volume for the day was 1,337,386. The stock had closed at $27.07 in the previous days trading.

In an insider trading activity, Copeland R Dallis Jr, officer (EVP/Chief Banking Officer) of Synovus Financial Corp, unloaded 8,000 shares at an average price of $30.1 on May 17, 2016. The total amount of the transaction was worth $240,800, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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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