SYNNEX SVP Sells $193,560 in Stock (SNX)
SYNNEX (NYSE:SNX) SVP Simon Leung sold 3,000 shares of SYNNEX stock on the open market in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $64.52, for a total value of $193,560.00. Following the sale, the senior vice president now directly owns 21,110 shares in the company, valued at approximately $1,362,017. The sale was disclosed in a filing with the SEC, which is available at this link.
SYNNEX (NYSE:SNX) traded down 0.09% on Monday, hitting $64.30. The stock had a trading volume of 262,239 shares. SYNNEX has a one year low of $46.87 and a one year high of $79.44. The stock has a 50-day moving average of $67.9 and a 200-day moving average of $63.92. The company has a market cap of $2.489 billion and a P/E ratio of 18.97.
SYNNEX (NYSE:SNX) last released its earnings data on Wednesday, July 2nd. The company reported $1.52 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.36 by $0.16. The company had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.17 billion. During the same quarter in the prior year, the company posted $0.81 earnings per share. The company’s quarterly revenue was up 33.3% on a year-over-year basis. Analysts expect that SYNNEX will post $5.95 EPS for the current fiscal year.
A number of research firms have recently commented on SNX. Analysts at Needham & Company LLC raised their price target on shares of SYNNEX from $74.00 to $78.00 in a research note on Thursday, July 3rd. They now have a “buy” rating on the stock. Separately, analysts at Bank of America reiterated a “buy” rating on shares of SYNNEX in a research note on Thursday, July 3rd. They now have a $85.00 price target on the stock, up previously from $80.00. Finally, analysts at Credit Agricole upgraded shares of SYNNEX from an “outperform” rating to a “buy” rating in a research note on Wednesday, May 21st. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $79.84.
Synnex Corporation is a business process services company. The Company provides services to resellers, retailers and original equipment manufacturers (NYSE:SNX), in multiple regions around the world.
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