In a report released today, Vincent Colicchio from Barrington maintained a Hold rating on Syntel (NASDAQ: SYNT). The company’s shares closed yesterday at $35.28, close to its 52-week high of $35.40.
Colicchio commented:
“We believe the sales pipeline for both digital and European projects is sizeable.”
According to TipRanks.com, Colicchio is a 3-star analyst with an average return of 5.6% and a 57.4% success rate. Colicchio covers the Technology sector, focusing on stocks such as Sykes Enterprises Inc, Exlservice Holdings, and Convergys Corp.
Syntel has an analyst consensus of Hold, with a price target consensus of $27.17.
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The company has a one-year high of $35.40 and a one-year low of $15.88. Currently, Syntel has an average volume of 480.8K.
Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is negative on the stock.
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Syntel, Inc. engages in the provision of digital transformation, information technology and knowledge process outsourcing services. It operates through the following segments: Banking and Financial Services; Healthcare and Life Sciences; Insurance; Manufacturing; and Retail, Logistics and Telecom.
