Syntel Inc. Reaches New 12-Month High at $80.67 (SYNT)
Syntel (NASDAQ:SYNT)’s share price reached a new 52-week high during mid-day trading on Monday, Analyst Ratings.Net reports. The stock traded as high as $80.67 and last traded at $80.43, with a volume of 51,562 shares traded. The stock had previously closed at $79.75.
A number of research firms have recently commented on SYNT. Analysts at Zacks downgraded shares of Syntel (NASDAQ:SYNT) from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, September 17th. They now have a $79.20 price target on the stock. Separately, analysts at Susquehanna raised their price target on shares of Syntel (NASDAQ:SYNT) from $60.00 to $70.00 in a research note to investors on Monday, July 22nd. They now have a “neutral” rating on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Syntel (NASDAQ:SYNT) from $66.00 to $71.00 in a research note to investors on Friday, July 19th. They now have a “hold” rating on the stock. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Syntel currently has an average rating of “Hold” and a consensus price target of $74.03.
Syntel has a one year low of $51.78 and a one year high of $80.41. The stock’s 50-day moving average is $74.87 and its 200-day moving average is $68.51. The company has a market cap of $3.358 billion and a P/E ratio of 17.08.
Syntel (NASDAQ:SYNT) last announced its earnings results on Thursday, July 18th. The company reported $1.14 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.05 by $0.09. The company had revenue of $202.50 million for the quarter, compared to the consensus estimate of $197.92 million. During the same quarter in the prior year, the company posted $1.04 earnings per share. The company’s quarterly revenue was up 13.1% on a year-over-year basis. On average, analysts predict that Syntel will post $4.74 earnings per share for the current fiscal year.
Syntel, Inc is a provider of information technology (NASDAQ:SYNT) and knowledge process outsourcing (KPO) services to Global 2000 companies.
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