Sykes Enterprises Inc Receives a Buy from SunTrust Robinson

By Carrie Williams

SunTrust Robinson analyst Frank Atkins reiterated a Buy rating on Sykes Enterprises Inc (NASDAQ: SYKE) today and set a price target of $36. The company’s shares opened today at $29.90.

According to TipRanks.com, Atkins is a 4-star analyst with an average return of 12.9% and a 73.8% success rate. Atkins covers the Technology sector, focusing on stocks such as DXC Technology Company, Exlservice Holdings, and Epam Systems Inc.

Sykes Enterprises Inc has an analyst consensus of Moderate Buy, with a price target consensus of $36.

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Based on Sykes Enterprises Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $10.95 million. In comparison, last year the company had a net profit of $8.85 million.

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Sykes Enterprises, Inc. engages in the provision of multichannel demand generation and customer engagement services. The firm operates through the Americas and EMEA segments. The Americas segment is comprised of the United States, Canada, Latin America, Australia, and the Asia Pacific Rim. The EMEA segment includes Europe, the Middle East, and Africa.