Kevin M. Murai Sells 2,000 Shares of Synnex Corporation (SNX) Stock
Synnex Corporation (NYSE:SNX) CEO Kevin M. Murai sold 2,000 shares of the stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $132.74, for a total value of $265,480.00. Following the completion of the sale, the chief executive officer now directly owns 144,125 shares of the company’s stock, valued at approximately $19,131,152.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Synnex Corporation (NYSE:SNX) traded up $0.94 on Wednesday, hitting $133.53. The stock had a trading volume of 108,494 shares, compared to its average volume of 201,339. Synnex Corporation has a 1-year low of $101.48 and a 1-year high of $137.80. The stock has a market capitalization of $5,299.38, a price-to-earnings ratio of 15.36 and a beta of 1.08. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.80 and a current ratio of 1.61.
Synnex (NYSE:SNX) last released its quarterly earnings results on Monday, September 25th. The business services provider reported $2.16 EPS for the quarter, topping the consensus estimate of $1.97 by $0.19. Synnex had a return on equity of 16.58% and a net margin of 1.89%. The business had revenue of $4.28 billion during the quarter, compared to analyst estimates of $4 billion. During the same period last year, the business posted $1.73 earnings per share. The company’s quarterly revenue was up 16.5% on a year-over-year basis. research analysts expect that Synnex Corporation will post 8.78 earnings per share for the current year.
Several equities research analysts recently commented on SNX shares. Zacks Investment Research raised Synnex from a “hold” rating to a “buy” rating and set a $131.00 price target for the company in a report on Thursday, September 21st. Pivotal Research started coverage on Synnex in a report on Friday, October 6th. They issued a “hold” rating and a $137.00 price target for the company. ValuEngine cut Synnex from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. Needham & Company LLC reaffirmed a “buy” rating and issued a $135.00 price target on shares of Synnex in a report on Monday, September 18th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $132.00 price objective on shares of Synnex in a research report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $136.22.
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Synnex Company Profile
Synnex Corporation is a business process services company. The Company provides a range of distribution, logistics and integration services for the technology industry and providing outsourced services focused on customer engagement strategy. The Company operates in two segments: Technology Solutions and Concentrix.
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