SunTrust Robinson Reiterates a Buy Rating on Sykes Enterprises Inc

By Ryan Adsit

SunTrust Robinson analyst Frank Atkins reiterated a Buy rating on Sykes Enterprises Inc (NASDAQ: SYKE) today and set a price target of $34. The company’s shares closed on Friday at $28.97.

According to TipRanks.com, Atkins is a 4-star analyst with an average return of 7.3% and a 65.3% success rate. Atkins covers the Technology sector, focusing on stocks such as DXC Technology Company, Exlservice Holdings, and Computer Sciences.

Sykes Enterprises Inc has an analyst consensus of Moderate Buy, with a price target consensus of $31.50.

Based on Sykes Enterprises Inc’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $376 million and quarterly net profit of $8.85 million. In comparison, last year the company earned revenue of $386 million and had a net profit of $21.27 million.

Based on the recent corporate insider activity of 79 insiders, corporate insider sentiment is negative on the stock.

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Sykes Enterprises, Inc. engages in the provision of outsourced customer contact management solutions and services. The firm operates through the following segments: Americas, EMEA, and Others. The Americas segment comprises of the United States, Canada, Latin America, Australia, and the Asia Pacific Rim.