Analyst Ratings for Synchronoss Technologies Inc. (SNCR)Updated: 2017-07-27
Synchronoss Technologies Inc. (NASDAQ:SNCR) was awarded an average rating of Hold from investment analysts following the stock. About 30 days ago, SNCR was issued an average rating of Hold.
0 analysts declared SNCR a buy, 1 issued an overweight rating, 4 gave a hold rating, 0 gave an underweight rating, and 1 issued a sell rating. Today, there are 6 more analysts optimistic about the company future as compared with 90 days ago. Meanwhile, the number of analysts pessimistic about the company has increased by 1.
Several price targets were given for SNCR by the analysts covering the stock. The most optimistic price target was 27, implying a possible profit of 62.85 percent. The minimum price target given was 13, implying potential capital losses of -21.59 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
Analysts have revised their earnings estimates downwards for this quarter, by about -3.87 percent on average, compared to last month. That number becomes -65.28 percent if we expand the time horizon to include the past 3 months instead of just one. Meanwhile, fiscal year estimates have been revised upwards by 3.42 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of -52.01 percent in FY estimates.
People are often interested in whether analysts were united in the direction of their revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 1 analysts that decreased their estimates. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 1 analysts made negative revisions to their fiscal year's estimates.
Analysts estimate earnings of SNCR to grow at a rate of 104.69 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. Many investors consider PEG ratios between 0 and 1 as preferrable, though it could be better to see where the ratio stands relative to peers in the industry. SNCR has a PEG ratio of 0.36.
SNCR has traded between a high of 49.94 and a low of 10.11 over the past year. The current market price is above the trailing year's low by 64 percent, and below the high by 66.8 percent. SNCR has a price/earnings ratio of 37.95. Investors typically compare the P/E ratio to a company's peers in the industry. The SNCR value stock report compares SNCR to some of its peers using value stock charts. The market cap of SNCR is $0.76514 billion. SNCR is estimated to release their earnings results for the quarter on 0000-00-00, days from today.