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.
A number of analysts gave price targets for SNCR. The maximum price target given was 27, which equates to a potential upside of 62.85 percent. The lowest price target was 13, implying a possible loss 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. This can be compared with the average change in earnings estimates over the past 3 months, which is -65.28 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 3.42 percent. 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, while 1 analysts revised their estimates downwards. Also over the last month, 0 analysts increased their estimates for the FY earnings, 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. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of SNCR is 0.36.
SNCR has a 52-week high of 49.94 and a 52-week low of 10.11. 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's next earnings release will be on 0000-00-00, which is days away.