Analyst Ratings for Sykes Enterprises Inc. (SYKE)Updated: 2017-07-28
Shares of Sykes Enterprises Inc. (NASDAQ:SYKE) have received a consensus rating of Overweight from Wall Street analysts. A consensus rating of Overweight was previously issued for SYKE last month.
6 analysts issued ratings on the stock, where 3 gave SYKE a buy rating, 0 gave an overweight rating, 3 gave a hold rating, 0 gave an underweight rating, and 0 issued a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 0. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.
Several price targets were given for SYKE by the analysts covering the stock. The most optimistic analyst gave a price target of 38, implying potential capital gains of 10.72 percent. The most pessimistic price target was 33, implying a possible loss of -3.85 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. That number becomes -20 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed upwards by 0 percent. If we look at the last 90 days instead, we find a net average change of 4.99 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts made negative revisions. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 0 analysts decreased their estimates.
SYKE has an estimated earnings growth rate of 32.65 percent as forecasted by analysts. 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 people typically see that as an indicator of higher growth relative to stock price. Many investors consider PEG ratios between 0 and 1 as preferrable, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of SYKE is 0.66.
SYKE has a 52-week high of 34.49 and a 52-week low of 25.77. The current market price is above the trailing year's low by 33.18 percent, and 0.49 percent below the high. SYKE has a price/earnings ratio of 21.45. Investors typically compare the P/E ratio to a company's peers in the industry. The SYKE value stock report compares SYKE to some of its peers using value stock charts. The stock has a market capitalization of $1.45 billion. SYKE's next earnings release will be on 0000-00-00, which is days away.