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 analyst gave a price target of 27, implying potential capital gains of 62.85 percent. The most pessimistic analyst gave a price target of 13, which equates to a potential downside of -21.59 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -3.87 percent. 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. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -52.01 percent.
Another thing investors often look at is the level of agreement among analysts' revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 1 analysts that decreased their estimates. Also over the last month, 0 analysts increased their estimates for the FY earnings, compared to 1 analysts that revised their FY estimates downwards.
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. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of SNCR is 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 66.8 percent below the high. 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 stock has a market capitalization of $0.76514 billion. SNCR will post this quarters earnings in days, on 0000-00-00.