Syneos Health - SYNH Stock Forecast, Price & News

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Syneos Health in the last year. There are currently 2 sell ratings, 6 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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 targets for Syneos Health's stock. Their SYNH share price forecasts range from $28.00 to $81.00. On average, they anticipate the company's share price to reach $54.00 in the next year. This suggests a possible upside of 58.5% 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 shares have decreased by 7.1% and is now trading at $34.07.
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The company is scheduled to release its next quarterly earnings announcement on Friday, May 5th 2023.
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Syneos Health, Inc. (NASDAQ:SYNH) released its quarterly earnings data on Thursday, February, 16th. The company reported $1.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.07 by $0.08. The company earned $1.36 billion during the quarter, compared to analysts' expectations of $1.29 billion. Syneos Health had a net margin of 4.94% and a trailing twelve-month return on equity of 13.19%.

ETFs with the largest weight of Syneos Health (NASDAQ:SYNH) stock in their portfolio include First Trust Health Care AlphaDEX Fund (FXH), Invesco S&P MidCap 400 Pure Value ETF (RFV), Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC), First Trust Mid Cap Value AlphaDEX Fund (FNK), Syntax Stratified MidCap ETF (SMDY), Vanguard Small-Cap Growth ETF (VBK), Vanguard U.S. Value Factor (VFVA) and Humankind US Stock ETF (HKND).

Syneos Health issued an update on its FY 2023 earnings guidance on Monday, February, 20th. The company provided EPS guidance of $3.26-$3.53 for the period, compared to the consensus earnings per share estimate of $3.89. The company issued revenue guidance of $4.97 billion-$5.17 billion, compared to the consensus revenue estimate of $5.13 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 variety of retail and institutional investors. Top institutional shareholders include Clearbridge Investments LLC (4.03%), Mackenzie Financial Corp (2.25%), JPMorgan Chase & Co. (2.12%), AQR Capital Management LLC (2.10%), Alliancebernstein L.P. (2.05%) and Cooke & Bieler LP (1.83%). 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, 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 $34.07.

Syneos Health (NASDAQ:SYNH) has a market capitalization of $3.52 billion and generates $5.39 billion in revenue each year. The company earns $266.50 million in net income (profit) each year or $2.57 on an earnings per share basis.

The company employs 29,395 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.