Jefferies Financial Group Brokers Decrease Earnings Estimates for Synlogic Inc (NASDAQ:SYBX) – TechNewsObserver
Jefferies Financial Group analyst C. Howerton now forecasts that the biotechnology company will post earnings per share of ($0.74) for the quarter, down from their previous forecast of ($0.62). Jefferies Financial Group also issued estimates for Synlogic’s Q4 2019 earnings at ($0.74) EPS, FY2019 earnings at ($2.46) EPS, FY2020 earnings at ($1.36) EPS, FY2021 earnings at ($1.25) EPS, FY2022 earnings at ($1.36) EPS and FY2023 earnings at ($0.31) EPS. Citigroup downgraded shares of Synlogic from a “buy” rating to a “sell” rating and lowered their target price for the stock from $20.00 to $2.00 in a report on Wednesday. Dimensional Fund Advisors LP now owns 316,656 shares of the biotechnology company’s stock worth $2,220,000 after buying an additional 105,628 shares in the last quarter. Northern Trust Corp grew its stake in Synlogic by 1.2% in the 4th quarter. Northern Trust Corp now owns 167,135 shares of the biotechnology company’s stock valued at $1,172,000 after buying an additional 2,005 shares during the last quarter.