Synnex Corporation (NYSE:SNX) Director Thomas S. Wurster sold 300 shares of Synnex stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $136.57, for a total value of $40,971.00. Following the completion of the transaction, the director now owns 10,531 shares of the company’s stock, valued at approximately $1,438,218.67. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of Synnex Corporation (NYSE SNX) opened at $139.04 on Friday. Synnex Corporation has a one year low of $101.48 and a one year high of $141.94. The company has a current ratio of 1.61, a quick ratio of 0.80 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $5,605.51, a P/E ratio of 16.25 and a beta of 1.08.
A number of brokerages recently issued reports on SNX. SunTrust Banks began coverage on Synnex in a research note on Thursday, December 7th. They set a “buy” rating and a $145.00 price target for the company. Zacks Investment Research lowered Synnex from a “buy” rating to a “hold” rating in a research note on Tuesday, November 28th. Stifel Nicolaus reissued a “buy” rating and set a $132.00 price target on shares of Synnex in a research note on Tuesday, October 17th. Pivotal Research began coverage on Synnex in a research note on Friday, October 6th. They set a “hold” rating and a $137.00 price target for the company. Finally, ValuEngine raised Synnex from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $136.22.
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.
What are top analysts saying about Synnex? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Synnex and related companies.