Syntel Rating Increased to Outperform at Zacks (SYNT)
Syntel (NASDAQ:SYNT) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a note issued to investors on Thursday, ARN reports. The firm currently has a $86.80 price objective on the stock. Zacks‘ target price suggests a potential upside of 4.05% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Susquehanna raised their price target on shares of Syntel 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. Separately, analysts at Jefferies Group raised their price target on shares of Syntel 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. Finally, analysts at Needham & Company raised their price target on shares of Syntel from $68.00 to $80.00 in a research note to investors on Friday, July 19th. They now have a “buy” rating on the stock. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $75.30.
Shares of Syntel (NASDAQ:SYNT) traded down 0.49% on Thursday, hitting $83.42. The stock had a trading volume of 163,794 shares. Syntel has a 52-week low of $51.78 and a 52-week high of $85.30. The stock has a 50-day moving average of $78.11 and a 200-day moving average of $69.99. The company has a market cap of $3.497 billion and a P/E ratio of 17.95.
Syntel (NASDAQ:SYNT) last issued its quarterly earnings data on Thursday, October 17th. The company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.19. The company had revenue of $209.90 million for the quarter, compared to the consensus estimate of $208.63 million. During the same quarter in the previous year, the company posted $1.23 earnings per share. The company’s revenue for the quarter was up 12.6% on a year-over-year basis. Analysts expect that Syntel will post $4.74 EPS 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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