Synchronoss Technologies Given Consensus Rating of “Buy” by Analysts (NASDAQ:SNCR)
Synchronoss Technologies (NASDAQ:SNCR) has earned an average rating of “Buy” from the ten ratings firms that are presently covering the stock, Stock Ratings News reports. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $43.67.
Synchronoss Technologies (NASDAQ:SNCR) traded down 1.23% during mid-day trading on Thursday, hitting $41.77. The stock had a trading volume of 73,777 shares. Synchronoss Technologies has a 1-year low of $25.28 and a 1-year high of $42.45. The stock has a 50-day moving average of $36.96 and a 200-day moving average of $33.51. The company has a market cap of $1.683 billion and a P/E ratio of 48.95.
Synchronoss Technologies (NASDAQ:SNCR) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.41 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.40 by $0.01. The company had revenue of $103.50 million for the quarter, compared to the consensus estimate of $102.22 million. During the same quarter last year, the company posted $0.31 earnings per share. Synchronoss Technologies’s revenue was up 23.6% compared to the same quarter last year. Analysts expect that Synchronoss Technologies will post $1.69 EPS for the current fiscal year.
A number of research firms have recently commented on SNCR. Analysts at Stifel Nicolaus raised their price target on shares of Synchronoss Technologies from $46.00 to $49.00 in a research note on Thursday, July 31st. Separately, analysts at Wedbush raised their price target on shares of Synchronoss Technologies from $45.00 to $50.00 in a research note on Thursday, July 31st. Finally, analysts at Credit Suisse raised their price target on shares of Synchronoss Technologies from $46.00 to $56.00 in a research note on Thursday, July 31st.
Synchronoss Technologies, Inc (NASDAQ:SNCR) is a provider of on-demand transaction management solutions.
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