Synchronoss Technologies (SNCR) Given Hold Rating at Deutsche Bank
Synchronoss Technologies (NASDAQ:SNCR)‘s stock had its “hold” rating restated by stock analysts at Deutsche Bank in a research report issued on Thursday. They currently have a $8.00 price objective on the software maker’s stock, down from their previous price objective of $18.00. Deutsche Bank’s target price would suggest a potential downside of 17.36% from the stock’s current price.
A number of other equities analysts also recently commented on the stock. Credit Suisse Group restated an “underperform” rating and set a $8.00 price objective (down previously from $13.00) on shares of Synchronoss Technologies in a research report on Thursday. Zacks Investment Research cut shares of Synchronoss Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. Stifel Nicolaus reaffirmed a “hold” rating and set a $10.00 price target (down from $16.00) on shares of Synchronoss Technologies in a research note on Wednesday, September 20th. Citigroup upped their price target on shares of Synchronoss Technologies to $10.00 and gave the stock a “hold” rating in a research note on Wednesday, September 20th. Finally, Raymond James Financial cut shares of Synchronoss Technologies from an “outperform” rating to an “underperform” rating and set a $18.00 price target on the stock. in a research note on Tuesday, September 19th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. Synchronoss Technologies currently has a consensus rating of “Hold” and a consensus price target of $16.57.
Shares of Synchronoss Technologies (NASDAQ:SNCR) traded down $0.19 during trading on Thursday, reaching $9.68. 522,600 shares of the company’s stock were exchanged, compared to its average volume of 1,485,586. The stock has a market cap of $405.30, a P/E ratio of 6.81 and a beta of 1.55. Synchronoss Technologies has a 52 week low of $8.71 and a 52 week high of $42.95.
TRADEMARK VIOLATION NOTICE: “Synchronoss Technologies (SNCR) Given Hold Rating at Deutsche Bank” was first reported by American Banking News and is the property of of American Banking News. If you are viewing this article on another domain, it was stolen and reposted in violation of U.S. and international trademark and copyright laws. The correct version of this article can be viewed at https://www.americanbankingnews.com/2017/12/07/synchronoss-technologies-sncr-given-hold-rating-at-deutsche-bank.html.
About Synchronoss Technologies
Synchronoss Technologies, Inc is a global software and services company, which provides technologies and services for the mobile transformation of business. The Company’s portfolio in the Consumer and Enterprise markets contains offerings, such as personal cloud, secure-mobility, identity management and scalable messaging platforms, products and solutions.
Receive News & Ratings for Synchronoss Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synchronoss Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.