Synchronoss Technologies Given Consensus Rating of “Buy” by Brokerages (NASDAQ:SNCR)
Shares of Synchronoss Technologies (NASDAQ:SNCR) have been given a consensus rating of “Buy” by the ten ratings firms that are covering the company, American Banking News.com reports. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $43.67.
Synchronoss Technologies (NASDAQ:SNCR) opened at 42.41 on Thursday. Synchronoss Technologies has a one year low of $25.28 and a one year high of $42.95. The stock has a 50-day moving average of $37.35 and a 200-day moving average of $33.6. The company has a market cap of $1.709 billion and a price-to-earnings ratio of 48.95.
Synchronoss Technologies (NASDAQ:SNCR) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.31 earnings per share. The company’s revenue for the quarter was up 23.6% on a year-over-year basis. On average, analysts predict that Synchronoss Technologies will post $1.69 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on SNCR shares. 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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