SunTrust Robinson Reiterates Their Buy Rating on Synovus

By Jason Carr

In a report issued on October 10, Jennifer Demba from SunTrust Robinson reiterated a Buy rating on Synovus (NYSE: SNV), with a price target of $51. The company’s shares opened today at $47.18, close to its 52-week high of $47.32.

According to TipRanks.com, Demba is a 5-star analyst with an average return of 11.1% and a 85.0% success rate. Demba covers the Financial sector, focusing on stocks such as Seacoast Banking Corporation Of Florida, Pinnacle Financial Partners, and Atlantic Capital Bancshares.

Synovus has an analyst consensus of Moderate Buy, with a price target consensus of $47.29.

Synovus’ market cap is currently $5.73B and has a P/E ratio of 21.32. The company has a book value ratio of 1.9957.

Based on the recent corporate insider activity of 153 insiders, corporate insider sentiment is negative on the stock. Most recently, in July 2017, Curtis Perry, the EVP& Chief Corp Banking Office of SNV sold 7,062 shares for a total of $309,739.

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 Financial Corp. operates as a financial services and bank holding company. The company provides commercial and retail banking, financial management, insurance and mortgage services.