Syntel Inc. Hits New 52-Week High at $92.85 (SYNT)
Syntel (NASDAQ:SYNT)’s share price reached a new 52-week high on Tuesday, Analyst Ratings Network.com reports. The company traded as high as $92.85 and last traded at $91.90, with a volume of 99,111 shares traded. The stock had previously closed at $91.30.
A number of research firms have recently commented on SYNT. Analysts at Zacks downgraded shares of Syntel from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, December 18th. They now have a $93.00 price target on the stock. Separately, analysts at Susquehanna raised their price target on shares of Syntel from $70.00 to $75.00 in a research note to investors on Thursday, October 17th. They now have a “neutral” rating on the stock. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Syntel presently has an average rating of “Hold” and an average target price of $77.17.
Syntel has a 1-year low of $53.82 and a 1-year high of $92.85. The stock has a 50-day moving average of $89.2 and a 200-day moving average of $79.36. The company has a market cap of $3.839 billion and a P/E ratio of 18.82.
Syntel (NASDAQ:SYNT) last issued its quarterly earnings data on Thursday, October 17th. The company reported $1.42 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.23 earnings per share. Syntel’s revenue was up 12.6% compared to the same quarter last year. On average, analysts predict that Syntel will post $4.98 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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