Syntel (SYNT) Earns Media Impact Rating of 0.09
Media headlines about Syntel (NASDAQ:SYNT) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Syntel earned a coverage optimism score of 0.09 on Accern’s scale. Accern also assigned headlines about the information technology services provider an impact score of 45.2782734455497 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:
- Syntel, Inc. (Nasdaq: SYNT) to Ring The Nasdaq Stock Market Opening Bell (feeds.benzinga.com)
- Syntel, Inc. (SYNT) registers a price change of 0.50% while R1 RCM … – Stocks Gallery (stocksgallery.com)
- Form SC 13D/A SYNTEL INC Filed by: SETHI NEERJA (streetinsider.com)
- Analysts Suggest to Hold tech stock: Syntel, Inc. (SYNT) – Street Observer (press release) (streetobserver.com)
Syntel (NASDAQ SYNT) traded up 3.34% during trading on Monday, reaching $18.87. The company had a trading volume of 146,342 shares. The firm’s market capitalization is $1.58 billion. The stock has a 50 day moving average price of $18.58 and a 200 day moving average price of $17.61. Syntel has a 12 month low of $15.82 and a 12 month high of $46.50.
Syntel (NASDAQ:SYNT) last issued its quarterly earnings results on Thursday, July 20th. The information technology services provider reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. Syntel had a negative return on equity of 110.72% and a negative net margin of 10.11%. The business had revenue of $226.81 million for the quarter. During the same quarter in the prior year, the firm posted $0.70 EPS. The business’s quarterly revenue was down 7.7% compared to the same quarter last year. On average, equities research analysts predict that Syntel will post $1.72 earnings per share for the current year.
Syntel announced that its board has initiated a share repurchase plan on Thursday, July 20th that permits the company to buyback $60.00 million in shares. This buyback authorization permits the information technology services provider to reacquire up to 3.9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.
Several equities analysts recently weighed in on SYNT shares. Zacks Investment Research upgraded Syntel from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Tuesday, July 25th. Cowen and Company reiterated a “hold” rating and set a $18.00 target price on shares of Syntel in a research report on Tuesday, August 22nd. ValuEngine downgraded Syntel from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. BidaskClub upgraded Syntel from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 28th. Finally, Maxim Group reiterated a “hold” rating on shares of Syntel in a research report on Thursday, July 20th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $25.98.
Syntel Company Profile
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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