Syntel (NASDAQ:SYNT) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued to investors on Wednesday.
SYNT has been the subject of a number of other reports. Wells Fargo & Co lowered shares of Syntel from a “market perform” rating to an “underperform” rating and reduced their price objective for the company from $24.16 to $21.00 in a research note on Friday, December 29th. William Blair restated a “market perform” rating on shares of Syntel in a research note on Thursday, February 15th. Zacks Investment Research lowered shares of Syntel from a “hold” rating to a “sell” rating in a research note on Wednesday, January 31st. JPMorgan Chase & Co. lowered shares of Syntel from a “neutral” rating to an “underweight” rating in a research note on Tuesday, December 12th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $24.00 price target on shares of Syntel in a report on Thursday, December 21st. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $23.00.
Shares of Syntel (NASDAQ SYNT) traded up $0.19 during trading on Wednesday, hitting $27.06. 639,900 shares of the company traded hands, compared to its average volume of 465,958. The company has a debt-to-equity ratio of -5.69, a quick ratio of 2.07 and a current ratio of 2.07. The company has a market cap of $2,226.28, a price-to-earnings ratio of 13.60, a price-to-earnings-growth ratio of 1.45 and a beta of 1.01. Syntel has a 52 week low of $15.82 and a 52 week high of $27.59.
Syntel (NASDAQ:SYNT) last issued its quarterly earnings results on Thursday, February 15th. The information technology services provider reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.23. The company had revenue of $239.81 million during the quarter. Syntel had a net margin of 18.00% and a negative return on equity of 170.67%. The firm’s revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.57 earnings per share. equities analysts anticipate that Syntel will post 1.85 EPS for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of Syntel by 1,208.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,679 shares of the information technology services provider’s stock worth $130,000 after buying an additional 5,245 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Syntel in the fourth quarter worth approximately $144,000. Group One Trading L.P. boosted its holdings in shares of Syntel by 52.2% in the third quarter. Group One Trading L.P. now owns 7,287 shares of the information technology services provider’s stock worth $143,000 after buying an additional 2,498 shares during the last quarter. Comerica Bank purchased a new position in shares of Syntel in the fourth quarter worth approximately $213,000. Finally, Quantitative Systematic Strategies LLC purchased a new position in shares of Syntel in the fourth quarter worth approximately $221,000. 40.63% of the stock is currently owned by institutional investors.
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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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