Over the past 52 weeks, the shares of Synovus Financial Corp. (NYSE:SNV) has been trading as low as $29.93 before witnessing a massive surge by 19.55% or $5.85. This price movement has led to the SNV stock receiving more attention and has become one to watch out for. It jumped by 0.48% on Sunday and this got the market excited. The stock’s beta now stands at 1.26 and when compared to its 200-day moving average and its 50-day moving average, SNV price stands -14.96% below and -4.12% below respectively. Its average daily volatility for this week is 2.15% which is less than the 2.31% recorded over the past month. The shares of Synovus Financial Corp. dropped by -37.67% or -$21.62 from its last recorded high of $57.4 which it attained on November 06 to close at $35.78 per share.
Synovus Financial Corp. (SNV) rose 4.13% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a drop that has seen it decline -29.2% and is now up by 11.85% since start of this year. A look at its monthly performance shows that the stock has recorded a -5.52% fall over the past 30 days. Its equity price climbed by 8.33% over the past three months which led to its overall six-month decrease to stand at -22.05%.
Experts from research firms are bullish about the near-term performance of Synovus Financial Corp. with most of them predicting a $42.5 price target on a short-term (12 months) basis. The average price target by the analysts will see a 18.78% rise in the stock and would lead to SNV’s market cap to surge to $6.73B. The stock has been rated an average 2.2, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 17 analysts that track Synovus Financial Corp. (NYSE:SNV) and find out that 7 of them rated it as a Hold. 10 of the 10 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.
A look at SNV technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 46.47 point. Its trading volume has lost -1209340 shares compared to readings over the past three months as it recently exchanged 1240660 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 2450000 shares, and this is 0.51 times the normal volume.
The price of First Data Corporation (NYSE:FDC) currently stands at $26.72 after it went down by $-0.07 or -0.26% and has found a strong support at $26.6 a share. If the FDC price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $26.49 mark would also be bad for the stock as it means that the stock would plunge by 0.86% from its current position. However, if the stock price is able to trade above the resistance point around $26.91, then it could likely surge higher to try and break the upward resistance which stands at $27.11 a share. Its average daily volatility over the past one month stands at 1.63%. The stock has plunged by 0.15% from its 52-weeks high of $26.68 which it reached on Mar. 04, 2019. In general, it is 44.87% above its 52-weeks lowest point which stands at $14.73 and this setback was observed on Apr. 25, 2018.
Analysts have predicted a price target for First Data Corporation (FDC) for 1 year and it stands at an average $26.66/share. This means that it would likely increase by -0.22% from its current position. The current price of the stock has been moving between $26.68 and $26.99. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $21. On the other hand, one analyst is super bullish about the price, setting a target as high as $35.
The FDC stock Stochastic Oscillator (%D) is at 88.8%, which means that it is currently overbought and its prices could dip very soon. The shares P/S ratio stands at 2.66 which compares to the 5.49 recorded by the industry or the 3.1 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 14.75, which is lower than the 25.47 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 25.1% over the past five years.
Analysts view First Data Corporation (NYSE:FDC) as a Hold, with 2.4 consensus rating. Reuters surveyed 29 analysts that follow FDC and found that 18 of those analysts rated the stock as a Hold. The remaining 11 were divided, with 11 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying First Data Corporation (FDC) shares or sell it if they already own it.
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