Synnex Corporation (SNX) Director Thomas S. Wurster Sells 300 Shares
Synnex Corporation (NYSE:SNX) Director Thomas S. Wurster sold 300 shares of the firm’s stock in a transaction 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 directly owns 10,531 shares of the company’s stock, valued at $1,438,218.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Synnex Corporation (NYSE SNX) traded up $1.00 during midday trading on Thursday, hitting $138.21. The company’s stock had a trading volume of 263,600 shares, compared to its average volume of 281,350. The company has a market capitalization of $5,483.62, a PE ratio of 18.75 and a beta of 1.08. Synnex Corporation has a 12 month low of $101.48 and a 12 month high of $138.44. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.80 and a current ratio of 1.61.
Several research analysts recently commented on the company. Pivotal Research assumed coverage on Synnex in a research report on Friday, October 6th. They issued a “hold” rating and a $137.00 target price for the company. ValuEngine raised Synnex from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Zacks Investment Research cut Synnex from a “buy” rating to a “hold” rating in a research report on Tuesday, November 28th. Loop Capital raised their target price on Synnex from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, September 26th. Finally, Needham & Company LLC raised their target price on Synnex from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price 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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