Recent extremely meaningful positive changes in investment behavior have benefitted Synovus Financial Corp. (NYSE: SNV): its shorter term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.
Synovus Financial Corp. (NYSE: SNV) has recently enjoyed marginal positive changes in fundamentals: significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, SNV is expected to continue to be an important Value Builder.
Synovus Financial has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Synovus Financial has a good Appreciation Score of 77 and a very high Power Rating of 87, resulting in the Highest Value Trend Rating.
Recent Price Action
On 6/28/24, Synovus Financial Corp. (NYSE: SNV) stock enjoyed a very large increase of 5.9%, closing at $40.19. Moreover, this advance was accompanied by exceptionally high trading volume at 214% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 8.9% during the last week.
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