Somewhat Critical Press Coverage Somewhat Unlikely to Affect Syntel (SYNT) Stock Price
Media headlines about Syntel (NASDAQ:SYNT) have been trending somewhat negative on Tuesday, Accern reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Syntel earned a news impact score of -0.05 on Accern’s scale. Accern also assigned news stories about the information technology services provider an impact score of 45.2878619241567 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Shares of Syntel (NASDAQ SYNT) opened at $23.50 on Tuesday. Syntel has a 52 week low of $15.82 and a 52 week 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. The stock has a market cap of $1,947.07, a P/E ratio of 11.46, a price-to-earnings-growth ratio of 1.29 and a beta of 1.11.
Syntel (NASDAQ:SYNT) last posted its earnings results on Tuesday, October 17th. The information technology services provider reported $0.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.17. Syntel had a net margin of 18.64% and a negative return on equity of 137.94%. The business had revenue of $231.34 million for the quarter. During the same quarter in the prior year, the company earned $0.63 earnings per share. The business’s revenue for the quarter was down 4.1% compared to the same quarter last year. equities analysts anticipate that Syntel will post 1.87 earnings per share for the current fiscal year.
Several research analysts recently commented on SYNT shares. Robert W. Baird reaffirmed a “hold” rating and issued a $20.00 price objective on shares of Syntel in a report on Wednesday, October 4th. ValuEngine raised shares of Syntel from a “hold” rating to a “buy” rating in a report on Friday, October 6th. Cowen reaffirmed a “hold” rating and issued a $18.00 price objective on shares of Syntel in a report on Thursday, October 12th. SunTrust Banks reaffirmed a “hold” rating and issued a $20.00 price objective on shares of Syntel in a report on Tuesday, October 17th. Finally, William Blair raised shares of Syntel from an “underperform” rating to an “outperform” rating in a report on Tuesday, October 17th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $23.31.
In other Syntel news, insider Daniel M. Moore sold 1,080 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 22,963 shares in the company, valued at approximately $555,474.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 4,769 shares of company stock worth $119,266 over the last quarter. Corporate insiders own 61.10% of the company’s stock.
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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