Brokerage Firm Target Update on Synovus Financial Corp. (NYSE:SNV)

During the past trading session, shares of Synovus Financial Corp. (NYSE:SNV) traded +0.64%. Covering analysts are predicting the stock to move to $35.03 within the next year. Depending on the analyst, target price projections may differ widely. This target price is a consensus number based on polled analysts by Thomson Reuters. 

Analysts and investors may use different metrics in order to calculate a price target projection. A very common metric used is the price to earnins ratio of a company. This calculation comes from dividing the current share price by the projected earnings per share. At the time of writing, Synovus Financial Corp. Common has a P/E Ratio of 22.00. Investors may also examine a company’s PEG or price to earnings growth ratio. The PEG ratio represents the ratio of the price to earnings to the anticipated future growth rate of the company. A company with a PEG Ratio below one may be seen as undervalued while a PEG Ratio above one may signal that the company is overvalued. A PEG Ratio close to one may be considered to be fair value. Currently, the stock has a PEG Ratio of 2.57.

Let’s take a quick look at stock performance. Shares are currently trading $4.70 away from the 50-day moving average of $34.43 and $7.17 away from the 200-day moving average of $31.96. Shares are currently trading -0.31% away from the 52-week high price of 39.25 and +53.57% off the 52-week low of 25.48. Keeping an eye on the stock price relative to moving averages and yearly highs/lows may help evaluate future stock value.