Somewhat Favorable News Coverage Somewhat Unlikely to Impact Syntel (SYNT) Stock Price
Media coverage about Syntel (NASDAQ:SYNT) has trended somewhat positive on Thursday, Accern reports. The research firm rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Syntel earned a media sentiment score of 0.05 on Accern’s scale. Accern also assigned media headlines about the information technology services provider an impact score of 45.5062252743096 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Several research analysts have recently weighed in on the company. Needham & Company LLC cut Syntel from a “buy” rating to a “hold” rating in a report on Thursday, December 21st. They noted that the move was a valuation call. BidaskClub cut Syntel from a “sell” rating to a “strong sell” rating in a report on Tuesday, January 23rd. ValuEngine cut Syntel from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Loop Capital restated a “buy” rating and set a $28.00 target price on shares of Syntel in a report on Wednesday, October 18th. They noted that the move was a valuation call. Finally, Zacks Investment Research cut Syntel from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. Syntel currently has an average rating of “Hold” and an average price target of $23.31.
Syntel (NASDAQ SYNT) opened at $21.91 on Thursday. Syntel has a twelve month low of $15.82 and a twelve month high of $26.33. The company has a market capitalization of $1,794.62, a P/E ratio of 10.69, a P/E/G ratio of 1.19 and a beta of 1.01. The company has a debt-to-equity ratio of -5.69, a current ratio of 2.07 and a quick ratio of 2.07.
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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