Analysts Set Syntel, Inc. (SYNT) PT at $22.12
Shares of Syntel, Inc. (NASDAQ:SYNT) have been given an average recommendation of “Hold” by the fifteen analysts that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $22.12.
Several brokerages have recently weighed in on SYNT. BidaskClub cut shares of Syntel from a “hold” rating to a “sell” rating in a research note on Saturday, December 30th. Wells Fargo & Co cut shares of Syntel from a “market perform” rating to an “underperform” rating and decreased their price target for the stock from $24.16 to $21.00 in a research note on Friday, December 29th. Robert W. Baird reaffirmed a “hold” rating and set a $24.00 price target on shares of Syntel in a research note on Thursday, December 21st. Needham & Company LLC cut shares of Syntel from a “buy” rating to a “hold” rating in a research note on Thursday, December 21st. They noted that the move was a valuation call. Finally, Zacks Investment Research cut shares of Syntel from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th.
In related news, insider Daniel M. Moore sold 1,080 shares of the firm’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $24.19, for a total value of $26,125.20. Following the completion of the transaction, the insider now directly owns 22,963 shares of the company’s stock, valued at $555,474.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 4,769 shares of company stock valued at $119,266 over the last three months. 61.10% of the stock is owned by company insiders.
Shares of Syntel (NASDAQ:SYNT) traded down $0.13 on Tuesday, hitting $23.67. 419,270 shares of the stock traded hands, compared to its average volume of 431,300. The company has a market cap of $1,940.00, a PE ratio of 11.55, a P/E/G ratio of 1.28 and a beta of 1.11. Syntel has a one year low of $15.82 and a one year high of $26.33. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of -5.69.
Syntel (NASDAQ:SYNT) last issued its quarterly earnings results on Tuesday, October 17th. The information technology services provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.17. The company had revenue of $231.34 million during the quarter. Syntel had a net margin of 18.64% and a negative return on equity of 137.94%. Syntel’s revenue was down 4.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.63 earnings per share. equities research analysts forecast that Syntel will post 1.87 EPS for the current year.
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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.
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