Sidoti Reiterates Neutral Rating for Systemax Inc. (SYX)
Systemax Inc. (NYSE:SYX)‘s stock had its “neutral” rating reissued by stock analysts at Sidoti in a report released on Sunday. They presently have a $22.00 price target on the stock, up from their prior price target of $20.00. Sidoti’s target price would suggest a potential upside of 8.80% from the stock’s previous close.
Separately, TheStreet raised Systemax from a “c” rating to a “b-” rating in a report on Monday, June 5th.
Systemax (SYX) traded down 8.877% during mid-day trading on Friday, hitting $18.425. The stock had a trading volume of 92,160 shares. The firm’s 50-day moving average price is $16.58 and its 200-day moving average price is $11.25. The stock’s market cap is $680.88 million. Systemax has a 1-year low of $7.05 and a 1-year high of $19.93.
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Systemax Company Profile
Systemax Inc is a direct marketer of brand name and private label products. The Company’s segments are Industrial Products Group (IPG), EMEA Technology Products Group (EMEA), and Corporate and Other (Corporate). The IPG segment sells an array of maintenance, repair and operational (MRO) products, which are marketed in North America.
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