Technology

Target Price Revisions on Analysts Radar: Synchronoss Technologies, Inc. (NASDAQ:SNCR)

Synchronoss Technologies, Inc. (NASDAQ:SNCR) shares traded 20.39% during the most recent session the stock exchanged hands 15.80M shares versus average trading capacity of 2.01M shares, yielding a market cap of $893.25M. Wall Street analysts covering the stock are projecting that the stock will reach $34.57 within the next 52-weeks. The mean target projections are based on 7 opinions, the mean target was last revised on 04/28/17.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have Synchronoss Technologies, Inc. (NASDAQ:SNCR) high price target of $55.00 and with a conservative view have low price target of $10.00 with a standard deviation of $14.34. If seeing target price from optimistic overview then it has a 244 percent upside potential from the latest closing price of $16.00.

Synchronoss Technologies, Inc. (NASDAQ:SNCR) received “Downgrade” rating by Wells Fargo in a research note issued to investors on Apr-27-17 from Outperform to Market Perform.

Additionally on Apr-27-17 Synchronoss Technologies, Inc. (NASDAQ:SNCR) was “Downgraded” by JP Morgan from Overweight to Neutral and on Apr-27-17 the stock was “Downgraded” by Credit Suisse from Outperform to Neutral. Furthermore on Jan-25-17 the stock was “Initiated” by JP Morgan as Overweight at $65.

On the other hand the company has Relative Strength Index (RSI 14) of 26.02 along with Average True Range (ATR 14) of 1.71, Consequently Synchronoss Technologies, Inc. (NASDAQ:SNCR) weekly and monthly volatility is 13.28%, 5.33% respectively. The company’s beta value is at 2.17.

In terms of Buy, Sell or Hold recommendations, Synchronoss Technologies, Inc. (NASDAQ:SNCR) has an analysts’ mean recommendation of 2.50. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

Analysts who have weighed in on projected earnings growth are expecting that Synchronoss Technologies, Inc. (NASDAQ:SNCR) will report earnings of $0.4 for the current quarter on or around 5/9/2017, however the company’s high EPS estimates are $0.41 and low estimates are $0.39. However the company reported $0.49 earnings per share for the same quarter during last year.

Previously Synchronoss Technologies, Inc. (NASDAQ:SNCR) reported $0.09 earnings per share (EPS) for the quarter on 2/8/2017 After Market Close, missing the consensus estimate of $0.11 by -$0.02. The company posted an earnings surprise of -18.18%.

While considering growth estimates of the company, it has next quarter growth estimates of 8.80% whereas during current quarter it has -18.40% estimations over growth, comparing to the estimations of 99.20% during current year and 29.40% for next year. Past 5 years growth of Synchronoss Technologies, Inc. (NASDAQ:SNCR) observed at 23.84%, looking forward for the next 5 years it has a strong prediction of 12.74% over growth.

Synchronoss Technologies, Inc. (NASDAQ:SNCR) revenue estimates for the current quarter are $169.34M according to 7 number of analysts, for the current quarter the company has high revenue estimates of $176M in contradiction of low revenue estimates of $161M. For the current year the company’s revenue estimates are $778.84M compared to low analyst estimates of $685M and high estimates of $816M according 8 number of analysts.

Currently Synchronoss Technologies, Inc. (NASDAQ:SNCR) shares owned by insiders are 6.20%, whereas shares owned by institutional owners are 91.10%. However the six-month change in the insider ownership was recorded -7.43%, as well as three-month change in the institutional ownership was recorded 0.37%.

Synchronoss Technologies, Inc. (NASDAQ:SNCR) trading -67.96% away from its 52 week high of $49.94 and +43.50% far from the stock’s low point over the past 52 weeks, which was $11.15. The stock hit its 52-week high on 11/29/16, and 52-week low on 04/27/17. The company’s trailing twelve month income is -54.90M dollars.

Synchronoss Technologies, Inc. (NASDAQ:SNCR) trailing twelve month revenues are $476.80M, whereas its price to sales ratio for the same period is 1.46. Its book value per share for the most recent quarter is $15.08 while its price to book ratio for the same period is 1.06, as for as the company’s cash per share for the most recent quarter is $4.44, however its price to cash per share ratio for the same period is 3.60. The stock has a current PEG ratio of 0.41 where as its trailing twelve month P/E ratio is 35.56.

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