Syneos Health - SYNH Stock Forecast, Price & News

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Syneos Health in the last year. There are currently 1 sell rating, 7 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SYNH shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SYNH, but not buy additional shares or sell existing shares.
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10 brokers have issued 12 month price objectives for Syneos Health's shares. Their SYNH share price forecasts range from $25.00 to $81.00. On average, they expect the company's share price to reach $53.60 in the next twelve months. This suggests a possible upside of 41.3% from the stock's current price.
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Syneos Health's stock was trading at $36.68 at the beginning of 2023. Since then, SYNH stock has increased by 3.4% and is now trading at $37.93.
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Syneos Health saw a increase in short interest in the month of January. As of January 15th, there was short interest totaling 7,250,000 shares, an increase of 19.6% from the December 31st total of 6,060,000 shares. Based on an average daily volume of 1,700,000 shares, the short-interest ratio is currently 4.3 days. Approximately 7.1% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 16th 2023.
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Syneos Health, Inc. (NASDAQ:SYNH) announced its earnings results on Wednesday, November, 3rd. The company reported $1.22 EPS for the quarter, beating analysts' consensus estimates of $1.17 by $0.05. The company earned $1.35 billion during the quarter, compared to analyst estimates of $1.34 billion. Syneos Health had a trailing twelve-month return on equity of 14.01% and a net margin of 5.31%. The business's quarterly revenue was up 22.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.93 EPS.

Syneos Health updated its FY 2022 earnings guidance on Monday, January, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $5.30 billion-$5.36 billion, compared to the consensus revenue estimate of $5.32 billion.

322 employees have rated Syneos Health Chief Executive Officer Alistair Macdonald on Glassdoor.com. Alistair Macdonald has an approval rating of 82% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Syneos Health investors own include NVIDIA (NVDA), Pfizer (PFE), Block (SQ), Advanced Micro Devices (AMD), Boeing (BA), Alibaba Group (BABA), ICON Public (ICLR), Netflix (NFLX), AbbVie (ABBV) and Intel (INTC).

Syneos Health trades on the NASDAQ under the ticker symbol "SYNH."

Syneos Health's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Cooke & Bieler LP (1.83%), Boston Partners (1.11%), Assenagon Asset Management S.A. (1.03%), California Public Employees Retirement System (0.49%), Reinhart Partners Inc. (0.40%) and New York State Common Retirement Fund (0.30%). Insiders that own company stock include Alistair Macdonald, Donna Hildebrand Kralowetz, International Corp/Ma Advent, Jason M Meggs, John L Maldonado, John M Dineen, Jonathan Olefson, Linda S Harty, Mark E Jagiela, Matthew E Monaghan, Matthew E Monaghan, Michael Lee Brooks, Michelle Keefe, Paul Colvin, Robert Parks, Thomas H Lee Advisors, Llc and Tom Allen.
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Shares of SYNH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SYNH stock can currently be purchased for approximately $37.93.

Syneos Health (NASDAQ:SYNH) has a market capitalization of $3.90 billion and generates $5.21 billion in revenue each year. The company earns $234.83 million in net income (profit) each year or $2.75 on an earnings per share basis.

The company employs 28,000 workers across the globe.

Syneos Health's mailing address is 1030 Sync Street, Morrisville NC, 27560. The official website for the company is www.syneoshealth.com. The company can be reached via phone at (919) 876-9300, via email at investor.relations@syneoshealth.com, or via fax at 919-876-9360.