Media coverage about Syntel (NASDAQ:SYNT) has trended somewhat positive recently, according to Accern. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Syntel earned a coverage optimism score of 0.23 on Accern’s scale. Accern also assigned news coverage about the information technology services provider an impact score of 45.7969939899576 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news articles that may have impacted Accern’s scoring:
- Zacks: Analysts Expect Syntel, Inc. (SYNT) Will Announce Quarterly Sales of $225.82 Million (americanbankingnews.com)
- Analysts Expect Syntel, Inc. (SYNT) to Post $0.44 Earnings Per Share (americanbankingnews.com)
- Meet the 10 richest Indian Americans (americanbazaaronline.com)
- IT Services Stocks’ Research Reports Released on Qudian, Sabre, ServiceNow, and Syntel (bizjournals.com)
SYNT has been the topic of several research reports. Zacks Investment Research upgraded Syntel from a “sell” rating to a “hold” rating in a research report on Tuesday, February 20th. Robert W. Baird restated a “hold” rating and issued a $24.00 target price on shares of Syntel in a research report on Thursday, December 21st. ValuEngine upgraded Syntel from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 17th. BidaskClub downgraded Syntel from a “buy” rating to a “hold” rating in a research report on Friday, December 15th. Finally, Wells Fargo downgraded Syntel from a “market perform” rating to an “underperform” rating and decreased their target price for the company from $24.16 to $21.00 in a research report on Friday, December 29th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. Syntel has a consensus rating of “Hold” and a consensus price target of $23.00.
Shares of Syntel (NASDAQ SYNT) opened at $27.10 on Friday. Syntel has a fifty-two week low of $15.82 and a fifty-two week high of $27.72. The company has a debt-to-equity ratio of -25.89, a current ratio of 2.17 and a quick ratio of 2.17. The company has a market capitalization of $2,262.46, a P/E ratio of 13.62, a P/E/G ratio of 1.96 and a beta of 0.76.
Syntel (NASDAQ:SYNT) last posted its quarterly earnings results on Thursday, February 15th. The information technology services provider reported $0.62 EPS for the quarter, beating the consensus estimate of $0.39 by $0.23. Syntel had a negative return on equity of 218.07% and a net margin of 18.00%. The firm had revenue of $239.81 million during the quarter. During the same period in the prior year, the business posted $0.57 EPS. Syntel’s revenue for the quarter was up .8% compared to the same quarter last year. research analysts forecast that Syntel will post 1.86 EPS for the current year.
In related news, Chairman Prashant Ranade sold 50,000 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $27.18, for a total value of $1,359,000.00. Following the completion of the sale, the chairman now owns 257,933 shares of the company’s stock, valued at $7,010,618.94. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Rahul B. Aggarwal sold 1,800 shares of the stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $26.66, for a total value of $47,988.00. Following the completion of the sale, the vice president now directly owns 10,430 shares of the company’s stock, valued at approximately $278,063.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 53,800 shares of company stock valued at $1,460,368. Insiders own 61.10% of the company’s stock.
TRADEMARK VIOLATION WARNING: “Syntel (SYNT) Earns News Impact Rating of 0.23” was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this article on another site, it was copied illegally and republished in violation of U.S. and international trademark and copyright law. The correct version of this article can be viewed at https://ledgergazette.com/2018/03/17/syntel-synt-earns-news-impact-rating-of-0-23.html.
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.
Receive News & Ratings for Syntel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Syntel and related companies with MarketBeat.com's FREE daily email newsletter.