Synnex Corporation Common Stock (NYSE:SNX).
June 24 investment analysts at Brean Capital held the company rating at “Buy” but raised the price target to $108.00 from $97.00. On June 8 the company was downgraded from “Outperform” to “Outperform” by Raymond James.
On May 18 the stock rating was upgraded to “Outperform” from “Underperform” by analysts at Raymond James. On March 29 Citigroup made no change to the company rating of “Buy” and lowered the price expectation from $105.00 to $101.00.
On March 24 the company was set at “Hold” according to a Cross Research report which is down from the previous “Buy” rating.
The company is now up from yesterday’s close of $106.2. The company recently declared a dividend paid on Friday the 29th of July 2016. The dividend payment was $0.200 per share for the quarter or $0.80 annualized. This dividend amount represented a yeild of $0.75. The ex-dividend date was Wednesday the 13th of July 2016.
Shares of the company are trading at $115.35 which is marginally higher than the 50 day moving average which is $104.80 and which is marginally over the 200 day moving average of $94.95. The 50 day moving average was up $9.96 or +9.50% and the 200 day average went up $19.81 or +20.87%.
The company currently has a P/E ratio of 22.72 and the market cap is 4.56B. As of the last earnings report the EPS was $5.05 and is expected to be $6.23 for the current year with 39,763,000 shares currently outstanding. Next quarter’s EPS is forecasted at $1.56 and the next full year EPS is projected to be $7.08.