Alibaba (BABA) Covered By Susquehanna with $220.00 Target; Synovus Financial Has Upped Its Synovus Finl (SNV) Stake

December 6, 2017 - By Ellis Scott

Synovus Financial Corp increased Synovus Finl Corp (SNV) stake by 0.72% reported in 2017Q2 SEC filing. Synovus Financial Corp acquired 43,034 shares as Synovus Finl Corp (SNV)’s stock declined 2.76%. The

Synovus Financial Corp holds 6.00 million shares with $265.35M value, up from 5.95 million last quarter. Synovus Finl Corp now has $5.87B valuation. The stock decreased 0.22% or $0.11 during the last trading session, reaching $49.11. About 454,730 shares traded. Synovus Financial Corp. (NYSE:SNV) has risen 33.10% since December 6, 2016 and is uptrending. It has outperformed by 16.40% the S&P500.

Among 36 analysts covering Alibaba (NYSE:BABA), 34 have Buy rating, 1 Sell and 1 Hold. Therefore 94% are positive. Alibaba has $225.0 highest and $75 lowest target. $154.86’s average target is -10.18% below currents $172.41 stock price. Alibaba had 155 analyst reports since August 12, 2015 according to SRatingsIntel. The rating was maintained by TH Capital on Friday, August 14 with “Hold”. The company was initiated on Wednesday, March 29 by Barclays Capital. The firm earned “Strong Buy” rating on Friday, August 12 by Raymond James. TH Capital upgraded it to “Buy” rating and $84 target in Friday, October 23 report. Stifel Nicolaus maintained the shares of BABA in report on Thursday, September 22 with “Buy” rating. Suntrust Robinson maintained the stock with “Buy” rating in Friday, August 12 report. The stock of Alibaba Group Holding Limited (NYSE:BABA) earned “Buy” rating by Axiom Capital on Thursday, August 13. Barclays Capital maintained it with “Overweight” rating and $180 target in Wednesday, August 2 report. Barclays Capital maintained the shares of BABA in report on Tuesday, October 31 with “Overweight” rating. Robert W. Baird maintained the shares of BABA in report on Thursday, November 2 with “Buy” rating.

Among 18 analysts covering Synovus Financial Corp. (NYSE:SNV), 7 have Buy rating, 1 Sell and 10 Hold. Therefore 39% are positive. Synovus Financial Corp. had 43 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was maintained by Barclays Capital on Friday, October 9 with “Underweight”. The company was upgraded on Tuesday, December 6 by Barclays Capital. JMP Securities initiated the stock with “Mkt Perform” rating in Thursday, February 2 report. Barclays Capital maintained the shares of SNV in report on Wednesday, October 18 with “Equal-Weight” rating. As per Tuesday, October 10, the company rating was maintained by Jefferies. Wells Fargo upgraded the shares of SNV in report on Monday, January 9 to “Market Perform” rating. The stock of Synovus Financial Corp. (NYSE:SNV) earned “Hold” rating by Jefferies on Friday, June 9. The firm has “Neutral” rating by Compass Point given on Friday, November 18. The rating was maintained by Keefe Bruyette & Woods on Tuesday, October 17 with “Hold”. The firm has “Market Perform” rating given on Monday, January 9 by Hovde Group.

Synovus Financial Corp decreased General Mls Inc (NYSE:GIS) stake by 7,094 shares to 307,570 valued at $17.05 million in 2017Q2. It also reduced Ishares Tr (TLT) stake by 5,863 shares and now owns 266,330 shares. Jack In The Box Inc (NASDAQ:JACK) was reduced too.

Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce firm in the People's Republic of China and internationally. The company has market cap of $442.38 billion. The firm operates in four divisions: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others. It has a 48.61 P/E ratio. It operates Taobao Marketplace, a mobile commerce destination; Tmall, a third-party platform for brands and retailers; Rural Taobao program that enables rural residents and businesses to sell agricultural products to urban consumers; Juhuasuan, a sales and marketing platform for flash sales; Alibaba.com, an online wholesale marketplace; Alitrip, an online travel booking platform; 1688.com, an online wholesale marketplace; and AliExpress, a consumer marketplace.

Analysts await Alibaba Group Holding Limited (NYSE:BABA) to report earnings on January, 23. They expect $1.45 EPS, up 33.03% or $0.36 from last year’s $1.09 per share. BABA’s profit will be $3.72 billion for 29.73 P/E if the $1.45 EPS becomes a reality. After $1.02 actual EPS reported by Alibaba Group Holding Limited for the previous quarter, Wall Street now forecasts 42.16% EPS growth.

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