Syntel (SYNT) Announces Quarterly Results
Syntel (NASDAQ:SYNT) issued its quarterly earnings data on Thursday. The company reported $1.42 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.23 by $0.19, American Banking News reports. 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 prior year, the company posted $1.23 earnings per share. The company’s quarterly revenue was up 12.6% on a year-over-year basis.
Shares of Syntel (NASDAQ:SYNT) opened at 83.83 on Thursday. Syntel has a 52 week low of $51.78 and a 52 week high of $85.30. The stock’s 50-day moving average is $78.11 and its 200-day moving average is $69.99. The company has a market cap of $3.514 billion and a price-to-earnings ratio of 17.95.
A number of analysts have recently weighed in on SYNT shares. Analysts at Zacks downgraded shares of Syntel 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. On a related note, 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. Finally, 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. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $74.03.
Syntel, Inc is a provider of information technology (NASDAQ:SYNT) and knowledge process outsourcing (KPO) services to Global 2000 companies.
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