Synnex Corporation Common Stock (NYSE:SNX).
On June 24 Brean Capital maintained a stock rating of “Buy” and raised the price expectation to $108.00 from $97.00. On June 8 the company was downgraded from “Outperform” to “Outperform” by analysts at Raymond James.
On May 18 the stock rating was upgraded to “Outperform” from “Underperform” in a report issued by Raymond James. March 29 investment analysts at Citigroup maintained a company rating of “Buy” and moved down the price target from $105.00 to $101.00.
On March 24 the stock rating was downgraded to “Hold” from “Buy” in an announcement from Cross Research.
The company is so far trading up by 9.13% since yesterday’s close of $106.2. The company also recently announced a dividend which was paid on Friday the 29th of July 2016. The dividend was $0.200 per share for the quarter or $0.80 on an annualized basis. This dividend represents a yield of $0.75. The ex-dividend date was Wednesday the 13th of July 2016.
Shares of the company are trading at $115.90 a bit higher than the 50 day moving average of $104.80 and marginally over the 200 day moving average of $94.95. The 50 day moving average went up $10.51 or +10.03% whereas the 200 day moving average was up $20.36 or +21.45%.
Synnex Corporation Common Stock currently has a P/E ratio of 22.83 and the market cap of the company is 4.59B. As of the latest earnings report the EPS was $5.05 and is projected to be $6.23 for the current year with 39,763,000 shares outstanding. Analysts expect next quarter’s EPS will be $1.56 and the next full year EPS is projected to be $7.08.