SYNNEX Insider Peter Larocque Sells 5,000 Shares (SNX)
SYNNEX (NYSE:SNX) Insider Peter Larocque sold 5,000 shares of the company’s stock on the open market in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $65.00, for a total transaction of $325,000.00. Following the sale, the insider now directly owns 30,523 shares in the company, valued at approximately $1,983,995. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
SYNNEX (NYSE:SNX) traded up 0.89% during mid-day trading on Friday, hitting $64.84. 73,567 shares of the company’s stock traded hands. SYNNEX has a one year low of $46.87 and a one year high of $79.44. The stock’s 50-day moving average is $67.36 and its 200-day moving average is $64.03. The company has a market cap of $2.510 billion and a P/E ratio of 18.95.
SYNNEX (NYSE:SNX) last announced its earnings results on Wednesday, July 2nd. The company reported $1.52 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.81 earnings per share. SYNNEX’s revenue was up 33.3% compared to the same quarter last year. Analysts expect that SYNNEX will post $5.95 EPS for the current fiscal year.
Several analysts have recently commented on the stock. 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 investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $80.17.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.