INC Research’s (SYNH) Buy Rating Reiterated at KeyCorp

KeyCorp reiterated their buy rating on shares of INC Research (NASDAQ:SYNH) in a research note released on Thursday, January 4th. KeyCorp currently has a $50.00 price objective on the stock.

SYNH has been the topic of several other reports. Zacks Investment Research downgraded shares of INC Research from a buy rating to a hold rating in a research report on Wednesday, October 4th. Credit Suisse Group started coverage on shares of INC Research in a research report on Wednesday, October 11th. They issued an outperform rating and a $68.00 target price on the stock. Jefferies Group reissued a buy rating and issued a $55.00 target price on shares of INC Research in a research report on Friday, November 10th. TheStreet raised shares of INC Research from a c rating to a b- rating in a research report on Monday, November 6th. Finally, Robert W. Baird set a $46.00 price target on shares of INC Research and gave the stock a buy rating in a report on Thursday, November 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. INC Research presently has a consensus rating of Buy and an average price target of $50.78.

INC Research (NASDAQ:SYNH) opened at $40.95 on Thursday. The stock has a market cap of $4,403.36, a PE ratio of -70.60, a PEG ratio of 1.30 and a beta of 1.09. INC Research has a 52-week low of $33.60 and a 52-week high of $61.10. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.27 and a quick ratio of 1.27.

INC Research (NASDAQ:SYNH) last released its quarterly earnings results on Thursday, November 9th. The company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.09). The company had revenue of $592.21 million for the quarter, compared to the consensus estimate of $604.95 million. INC Research had a positive return on equity of 14.42% and a negative net margin of 4.29%. The firm’s quarterly revenue was up 128.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.64 earnings per share. research analysts anticipate that INC Research will post 2.15 earnings per share for the current year.

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INC Research Company Profile

Syneos Health, Inc, formerly INC Research Holdings, Inc, is a global contract research organization (CRO). The Company focuses on Phase I to Phase IV clinical development services for the biopharmaceutical and medical device industries. The Company operates through two segments: Clinical Development Services and Phase I Services.

Analyst Recommendations for INC Research (NASDAQ:SYNH)

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