ValuEngine upgraded shares of Syntel (NASDAQ:SYNT) from a buy rating to a strong-buy rating in a report released on Saturday.
A number of other research firms also recently commented on SYNT. JPMorgan Chase & Co. downgraded Syntel from a neutral rating to an underweight rating in a research report on Tuesday, December 12th. Zacks Investment Research downgraded Syntel from a buy rating to a hold rating in a research report on Wednesday, December 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. Needham & Company LLC downgraded Syntel from a buy rating to a hold rating in a research report on Thursday, December 21st. They noted that the move was a valuation call. Finally, BidaskClub downgraded Syntel from a buy rating to a hold rating in a research report on Friday, December 15th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $23.00.
Syntel (SYNT) opened at $26.87 on Friday. Syntel has a 1 year low of $15.82 and a 1 year high of $27.16. The company has a market capitalization of $2,230.00, a P/E ratio of 12.80, a P/E/G ratio of 1.45 and a beta of 1.01. The company has a debt-to-equity ratio of -5.69, a quick ratio of 2.07 and a current ratio of 2.07.
A number of large investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company grew its stake in shares of Syntel by 2.5% in the second quarter. The Manufacturers Life Insurance Company now owns 27,574 shares of the information technology services provider’s stock valued at $468,000 after buying an additional 683 shares in the last quarter. State Street Corp grew its stake in shares of Syntel by 6.6% in the second quarter. State Street Corp now owns 660,670 shares of the information technology services provider’s stock valued at $11,207,000 after buying an additional 40,952 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Syntel by 166.9% in the second quarter. Goldman Sachs Group Inc. now owns 67,423 shares of the information technology services provider’s stock valued at $1,143,000 after buying an additional 42,160 shares in the last quarter. Shell Asset Management Co. acquired a new stake in shares of Syntel in the third quarter valued at $2,459,000. Finally, Chicago Equity Partners LLC acquired a new stake in shares of Syntel in the fourth quarter valued at $1,903,000. Institutional investors own 40.63% of the company’s stock.
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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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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