Wells Fargo Cuts Syntel (SYNT) To Sell; Resources Connection (RECN) Sentiment Is 1.29

Among 12 analysts covering Syntel Inc. (NASDAQ:SYNT), 1 have Buy rating, 0 Sell and 11 Hold. Therefore 8% are positive. Syntel Inc. has $58 highest and $1600 lowest target. $25.29’s average target is 4.68% above currents $24.16 stock price. Syntel Inc. had 32 analyst reports since August 14, 2015 according to SRatingsIntel. Robert W. Baird maintained Syntel, Inc. (NASDAQ:SYNT) rating on Tuesday, September 13. Robert W. Baird has “Neutral” rating and $52 target. The stock of Syntel, Inc. (NASDAQ:SYNT) has “Hold” rating given on Friday, October 16 by Cantor Fitzgerald. The rating was maintained by Robert W. Baird with “Hold” on Tuesday, October 3. As per Tuesday, October 17, the company rating was maintained by SunTrust. The company was downgraded on Thursday, December 21 by Needham. The firm earned “Hold” rating on Tuesday, August 22 by Cowen & Co. On Thursday, October 12 the stock rating was maintained by Cowen & Co with “Hold”. Robert W. Baird maintained Syntel, Inc. (NASDAQ:SYNT) rating on Friday, September 1. Robert W. Baird has “Hold” rating and $20.0 target. Robert W. Baird maintained Syntel, Inc. (NASDAQ:SYNT) rating on Wednesday, October 5. Robert W. Baird has “Neutral” rating and $35 target. Cowen & Co maintained the shares of SYNT in report on Tuesday, July 18 with “Hold” rating.

Resources Connection, Inc. provides agile consulting services in North America, Europe, and the Asia Pacific. The company has market cap of $462.47 million. The firm offers finance and accounting services, including process transformation and optimization, financial reporting and analysis, technical and operational accounting, merger and acquisition due diligence and integration, audit readiness, preparation and response, implementation of new accounting standards, and remediation support. It has a 31.85 P/E ratio. It also provides information management services, such as program and project management, business and technology integration, data strategy, and business performance management.

Palisade Capital Management Llc Nj holds 0.47% of its portfolio in Resources Connection, Inc. for 939,848 shares. Lucus Advisors Llc owns 20,287 shares or 0.4% of their US portfolio. Moreover, Grandeur Peak Global Advisors Llc has 0.38% invested in the company for 179,000 shares. The Kentucky-based River Road Asset Management Llc has invested 0.31% in the stock. Pacific Ridge Capital Partners Llc, a Oregon-based fund reported 62,860 shares.

The stock increased 0.66% or $0.1 during the last trading session, reaching $15.35. About 52,230 shares traded. Resources Connection, Inc. (RECN) has declined 11.17% since December 29, 2016 and is downtrending. It has underperformed by 27.87% the S&P500.

Analysts await Resources Connection, Inc. (NASDAQ:RECN) to report earnings on January, 3 after the close. They expect $0.20 EPS, up 11.11% or $0.02 from last year’s $0.18 per share. RECN’s profit will be $6.03M for 19.19 P/E if the $0.20 EPS becomes a reality. After $0.12 actual EPS reported by Resources Connection, Inc. for the previous quarter, Wall Street now forecasts 66.67% EPS growth.

The stock decreased 0.98% or $0.24 during the last trading session, reaching $24.16. About 270,230 shares traded. Syntel, Inc. (NASDAQ:SYNT) has declined 32.64% since December 29, 2016 and is downtrending. It has underperformed by 49.34% the S&P500.

Analysts await Syntel, Inc. (NASDAQ:SYNT) to report earnings on February, 15. They expect $0.40 earnings per share, down 29.82% or $0.17 from last year’s $0.57 per share. SYNT’s profit will be $33.15 million for 15.10 P/E if the $0.40 EPS becomes a reality. After $0.51 actual earnings per share reported by Syntel, Inc. for the previous quarter, Wall Street now forecasts -21.57% negative EPS growth.

Investors sentiment increased to 1.71 in 2017 Q3. Its up 0.47, from 1.24 in 2017Q2. It is positive, as 10 investors sold Syntel, Inc. shares while 31 reduced holdings. 25 funds opened positions while 45 raised stakes. 29.77 million shares or 4.49% more from 28.49 million shares in 2017Q2 were reported. 62,100 are held by California Public Employees Retirement Systems. Parametric Port Associates Lc, a Washington-based fund reported 52,949 shares. 375,551 were reported by Geode Cap Mgmt Ltd Liability Co. 1.19 million were reported by Intrepid Management. Price T Rowe Assoc Incorporated Md holds 0% or 12,260 shares in its portfolio. Shell Asset accumulated 0.04% or 27,964 shares. Ipg Inv Limited invested in 523,540 shares. Goldman Sachs Grp Inc stated it has 351,184 shares. Zurcher Kantonalbank (Zurich Cantonalbank) invested in 0% or 811 shares. Blackrock reported 2.13 million shares stake. Highbridge Cap Limited Liability accumulated 167,848 shares. 53,556 were reported by Royal Bank Of Canada. Quantbot Tech Lp reported 24,289 shares stake. Wells Fargo & Mn holds 73,882 shares or 0% of its portfolio. Pub Employees Retirement Of Ohio holds 0% or 1,830 shares.