A number of other analysts also recently weighed in on the stock. Stifel Nicolaus restated a buy rating and issued a $128.00 target price (up from $120.00) on shares of Synnex Corporation in a report on Friday, June 9th. Of the analysts surveyed by Reuters that track SYNNEX Corporation 1 of them rate its stock a hold. The legal version of this report can be viewed at https://www.dispatchtribunal.com/2017/09/27/synnex-corporation-snx-given-new-150-00-price-target-at-loop-capital.html. The shares were purchased at an average price of $115.17. Zacks Investment Research downgraded shares of Synnex Corporation from a buy rating to a hold rating in a report on Tuesday, May 30th. The average 1-year price target for (SNX) reveals an average price target of $135.5 per share.
Synnex Corporation (NYSE:SNX) last announced its quarterly earnings results on Monday, September 25th. The firm’s 50-day moving average is $116.16 and its 200 day moving average is $114.82.
Synnex Corporation now has a P/E ratio of 17.99 and the market cap is 5.01B. SYNNEX has a 52-week low of $77.54 and a 52-week high of $129.24. SYNNEX Corporation (NYSE:SNX) earnings have risen with a quarterly rate of 6.2% over the last 5 years. After $0.50 actual earnings per share reported by Solaredge Technologies Inc for the previous quarter, Wall Street now forecasts -10.00% negative EPS growth. The firm had revenue of $4.28 billion during the quarter, compared to analysts’ expectations of $4 billion. As of the latest earnings report the EPS was $6.97 and is projected to be $8.40 for the current year with 39,939,000 shares now outstanding. The business’s quarterly revenue was up 16.5% on a year-over-year basis. Analysts expect that Synnex Corporation will post $8.40 EPS for the current year.
TRADEMARK VIOLATION WARNING: “Synnex Corporation (SNX) Given New $145.00 Price Target at Needham & Company LLC” was first reported by Week Herald and is owned by of Week Herald. If you are reading this report on another website, it was illegally stolen and reposted in violation of USA & global copyright and trademark laws.
Traders may be relying in part on technical stock analysis. Picking the next victor to bolster the portfolio may involve some hard work and a little bit of stock market magic. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.
Synnex Corporation declared a dividend that was paid on Fri Jul 28, 2017. Stockholders of record on Friday, October 13th will be given a $0.30 dividend. The ex-dividend date was set for Wednesday the 12th of July 2017. Also, there are 1 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.25 average brokerage recommendation. Synnex Corporation’s dividend payout ratio (DPR) is presently 13.57%. Kevin M. Murai, CEO disclosed the sale of 2,000 shares of SNX stock. The shares were sold at an average price of $119.08, for a total value of $507,876.20. Buying an individual stock means that you own a piece of the company. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Peter Larocque sold 3,868 shares of the firm’s stock in a transaction dated Friday, January 13th. The stock grabbed 32 new institutional investments totaling 569,358 shares while 32 institutional investors sold out their entire positions totaling 525,051 shares. Following the sale, the chief operating officer now directly owns 29,968 shares of the company’s stock, valued at $3,599,756.16. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,824 shares of company stock valued at $2,625,577. The insider now directly owns 140,311 shares worth $17,638,496.
Several institutional investors have recently added to or reduced their stakes in SNX. This dividend represents a yield of $0.86. Finally, Victory Capital Management Inc. increased its stake in shares of Synnex Corporation by 1,268.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Synnex Corporation by 9.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Synnex Corporation by 9.4% during the 2nd quarter. Advisor Group Inc. grew its holdings in Synnex Corporation by 50.1% during the 2nd quarter. FMR LLC now owns 5,587,157 shares of the business services provider’s stock worth $670,236,000 after purchasing an additional 302,301 shares during the period. As of quarter end Ubs Group Ag had bought 5,998 shares growing its position 1,795.8%.