Synutra International (NASDAQ:SYUT) was upgraded by equities research analysts at Oppenheimer from a “market perform” rating to an “outperform” rating in a research note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The firm currently has a $10.00 price objective on the stock. Oppenheimer’s price objective points to a potential upside of 39.47% from the stock’s previous close.
The analysts wrote, “SYUT reported 2Q14 revenue of $88.6M, beating OPCO estimate of $80.6M, representing 34.0% yoy growth. GAAP diluted EPADS of $0.11 beat OPCO estimate of $0.05. Margins continued to expand due to product mix and successful distribution channel management, and we expect its business to recover further going forward. SYUT’s market share is also stabilizing. We expect SYUT’s specialty products and ramp-up of its French facility in FY16 to help gain share in future. Valuation is also attractive, especially compared with peers. We upgrade SYUT from Perform to Outperform with a $10 price target, implying 15x our FY16 EPADS estimate of $0.69 and 40% upside.”
SYUT has been the subject of a number of other recent research reports. Analysts at TheStreet upgraded shares of Synutra International from a “sell” rating to a “hold” rating in a research note to investors on Tuesday. Separately, analysts at Zacks downgraded shares of Synutra International from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, November 5th. They now have a $8.30 price target on the stock. Finally, analysts at Zacks upgraded shares of Synutra International from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, October 7th. They now have a $5.80 price target on the stock.
Shares of Synutra International (NASDAQ:SYUT) opened at 7.17 on Wednesday. Synutra International has a 52-week low of $3.80 and a 52-week high of $7.98. The stock has a 50-day moving average of $6.61 and a 200-day moving average of $5.35. The company’s market cap is $410.8 million.
Synutra International (NASDAQ:SYUT) last issued its quarterly earnings data on Friday, November 8th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.06. During the same quarter in the previous year, the company posted ($0.77) earnings per share. Analysts expect that Synutra International will post $0.34 EPS for the current fiscal year.
Synutra International, Inc is an infant formula company in China. The Company principally produces, markets and sells its products under the Shengyuan or Synutra name, together with other brands.
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