SYNNEX Corp. Given New $72.00 Price Target at Brean Capital (SNX)
Stock analysts at Brean Capital boosted their price objective on shares of SYNNEX Corp. (NYSE:SNX) from $46.00 to $72.00 in a report issued on Friday, Stock Ratings Network reports. The firm currently has a “buy” rating on the stock. Brean Capital’s price objective would suggest a potential upside of 16.30% from the stock’s previous close.
SYNNEX Corp. (NYSE:SNX) traded up 0.62% during mid-day trading on Friday, hitting $61.91. The stock had a trading volume of 242,064 shares. SYNNEX Corp. has a 52 week low of $30.70 and a 52 week high of $64.50. The stock has a 50-day moving average of $53.27 and a 200-day moving average of $43.68. The company has a market cap of $2.282 billion and a P/E ratio of 16.32.
SYNNEX Corp. (NYSE:SNX) last released its earnings data on Wednesday, September 25th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by $0.76. The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.72 billion. During the same quarter in the previous year, the company posted $0.93 earnings per share. The company’s revenue for the quarter was up 6.1% on a year-over-year basis.
A number of other firms have also recently commented on SNX. Analysts at Bank of America Corp. initiated coverage on shares of SYNNEX Corp. (NYSE:SNX) in a research note to investors on Friday, September 13th. They set a “buy” rating and a $64.00 price target on the stock. Separately, analysts at Cross Research upgraded shares of SYNNEX Corp. (NYSE:SNX) from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, September 11th. Finally, analysts at Raymond James upgraded shares of SYNNEX Corp. (NYSE:SNX) from an “underperform” rating to a “market perform” rating in a research note to investors on Wednesday, September 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. SYNNEX Corp. presently has an average rating of “Hold” and an average target price of $57.33.
Synnex Corporation provides services to resellers, retailers and original equipment manufacturers (NYSE:SNX), in multiple regions around the world.
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