Brokerage Firm Rating Update on Syntel (SYNT)

Syntel (SYNT) : Zacks Investment Research ranks Syntel (SYNT) as 4, which is a Sell recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 7 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 10 research analysts is 2.5, which indicates as a Buy.

Syntel (SYNT) : 8 Wall Street analysts covering Syntel (SYNT) believe that the average level the stock could reach for the short term is $47.5. The maximum price target given is $52 and the minimum target for short term is around $43, hence the standard deviation is calculated at $3.55.


Company shares have received an average consensus rating of Hold for the current week Also, In the latest statement by the brokerage house, Maxim Group downgrades its outlook on Syntel (NASDAQ:SYNT). The current rating of the shares is Hold, according to the research report released by the firm. Previously, the company had a rating of Buy. The rating by the firm was issued on July 15, 2016.

Syntel (NASDAQ:SYNT): The stock opened at $42.49 and touched an intraday high of $43.39 on Wednesday. During the day, the stock corrected to an intraday low of $42.44, however, the bulls stepped in and pushed the price higher to close in the green at $42.52 with a gain of 0.21% for the day. The total traded volume for the day was 342,622. The stock had closed at $42.43 in the previous trading session.

Syntel, Inc. (Syntel) is a provider of digital transformation, information technology (IT) and knowledge process outsourcing (KPO) services. Syntel operates through five segments: Banking and Financial Services, Healthcare and Life Sciences, Insurance, Retail, Logistics and Telecom, and Manufacturing. The Banking and Financial Services segment serves financial institutions around the world. The Healthcare and Life Sciences segment serves various companies in the healthcare industry. The Insurance segment serves property and casualty insurers, insurance brokers, personal, commercial, life and retirement insurance service providers. The Retail, Logistics and Telecom segment serves a range of retailers and distributors, and clients in the logistics and telecom industry. The Manufacturing segment provides business consulting and technology services for industrial and automotive clients. The Company offers its products and services under the Syntel brand.

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