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Robert W. Baird Keeps Their Buy Rating on Syneos Health (SYNH)

In a report issued on May 27, Eric Coldwell from Robert W. Baird maintained a Buy rating on Syneos Health (SYNHResearch Report), with a price target of $111.00. The company’s shares closed last Thursday at $74.55.

According to TipRanks.com, Coldwell is a 5-star analyst with an average return of 9.3% and a 52.7% success rate. Coldwell covers the Healthcare sector, focusing on stocks such as Quest Diagnostics, AmerisourceBergen, and Cardinal Health.

Currently, the analyst consensus on Syneos Health is a Moderate Buy with an average price target of $91.38, which is a 26.3% upside from current levels. In a report issued on May 23, Guggenheim also initiated coverage with a Buy rating on the stock with a $81.00 price target.

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Based on Syneos Health’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.34 billion and net profit of $46.18 million. In comparison, last year the company earned revenue of $1.21 billion and had a net profit of $38.72 million.

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Syneos Health, Inc. provides outsourced clinical development and commercialization services to biopharmaceutical companies. It operates through the following business segments: Clinical Solutions and Commercial Solutions. The Clinical Solutions segment offers clinical development services spanning Phase I to Phase IV, including global studies, as well as unbundled service offerings such as clinical monitoring, investigator recruitment, patient recruitment, data management, and study startup to assist customers with their drug development process. The Commercial Solutions segment provides commercialization services, including outsourced field selling solutions, medication adherence, communications, and consulting services. The company was founded on August 13, 2010 and is headquartered in Morrisville, NC.

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