Syntel, Inc. (SYNT) Receives Average Recommendation of “Hold” from Brokerages

Shares of Syntel, Inc. (NASDAQ:SYNT) have been assigned a consensus rating of “Hold” from the fourteen brokerages that are covering the firm. Three equities research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $30.20.

A number of analysts have recently issued reports on SYNT shares. Zacks Investment Research cut Syntel from a “hold” rating to a “strong sell” rating in a report on Thursday, December 22nd. Vetr cut Syntel from a “strong-buy” rating to a “buy” rating and set a $25.81 target price for the company. in a report on Thursday, February 16th. Needham & Company LLC decreased their price target on Syntel from $27.00 to $23.00 and set a “buy” rating for the company in a report on Friday, February 17th. Cowen and Company initiated coverage on Syntel in a report on Wednesday, January 18th. They issued a “market perform” rating and a $23.00 price target for the company. Finally, Loop Capital initiated coverage on Syntel in a research report on Tuesday, January 10th. They issued a “buy” rating and a $27.00 target price on the stock.

Syntel (NASDAQ:SYNT) traded up 2.99% during trading on Friday, reaching $17.21. 1,851,333 shares of the company traded hands. The firm has a 50-day moving average price of $17.13 and a 200-day moving average price of $20.13. Syntel has a 52 week low of $15.82 and a 52 week high of $48.41. The company’s market capitalization is $1.44 billion.

Syntel (NASDAQ:SYNT) last issued its earnings results on Thursday, April 20th. The information technology services provider reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.02. Syntel had a positive return on equity of 28.09% and a negative net margin of 3.17%. The business earned $225.87 million during the quarter. During the same quarter in the previous year, the firm posted $0.63 EPS. The firm’s revenue for the quarter was down 6.4% compared to the same quarter last year. Analysts forecast that Syntel will post $1.89 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This story was originally reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this story on another publication, it was stolen and republished in violation of United States & international trademark & copyright laws. The correct version of this story can be accessed at https://sportsperspectives.com/2017/04/21/syntel-inc-synt-given-consensus-recommendation-of-hold-by-analysts-updated.html.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC acquired a new position in Syntel during the third quarter valued at about $1,951,000. First New York Securities LLC NY acquired a new position in Syntel during the third quarter valued at about $2,567,000. Moody Aldrich Partners LLC boosted its position in Syntel by 11.5% in the third quarter. Moody Aldrich Partners LLC now owns 29,620 shares of the information technology services provider’s stock valued at $1,241,000 after buying an additional 3,050 shares during the last quarter. FNY Managed Accounts LLC acquired a new position in Syntel during the third quarter valued at about $566,000. Finally, GHP Investment Advisors Inc. boosted its position in Syntel by 1.9% in the third quarter. GHP Investment Advisors Inc. now owns 39,639 shares of the information technology services provider’s stock valued at $1,661,000 after buying an additional 725 shares during the last quarter. 34.30% of the stock is owned by institutional investors.

About Syntel

Syntel, Inc (Syntel) is a global provider of digital transformation, information technology (IT) and knowledge process outsourcing (KPO) services. The Company operates through five segments: Banking and Financial Services, Healthcare and Life Sciences, Insurance, Manufacturing, and Retail, Logistics and Telecom.

5 Day Chart for NASDAQ:SYNT

Receive News & Ratings for Syntel Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Syntel Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply