Media stories about Synnex (NYSE:SNX) have been trending somewhat positive on Monday, Accern Sentiment Analysis reports. Accern scores the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Synnex earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave media stories about the business services provider an impact score of 46.2831090978962 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Here are some of the media stories that may have effected Accern Sentiment’s analysis:

A number of analysts recently weighed in on the stock. Loop Capital assumed coverage on shares of Synnex in a research report on Thursday, August 24th. They set a “buy” rating and a $140.00 price target for the company. Pivotal Research began coverage on shares of Synnex in a research report on Friday, October 6th. They issued a “hold” rating and a $137.00 price objective for the company. ValuEngine raised shares of Synnex from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Zacks Investment Research cut shares of Synnex from a “buy” rating to a “hold” rating in a research report on Tuesday, November 28th. Finally, Needham & Company LLC upped their price objective on shares of Synnex from $135.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Synnex currently has a consensus rating of “Buy” and an average price target of $136.22.

Synnex (NYSE SNX) traded up $3.34 during trading hours on Monday, reaching $136.35. 108,724 shares of the company’s stock were exchanged, compared to its average volume of 200,857. 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 cap of $5,315.74, a PE ratio of 15.41 and a beta of 1.08. Synnex has a one year low of $101.48 and a one year high of $137.80.

Synnex (NYSE:SNX) last posted its quarterly earnings data on Monday, September 25th. The business services provider reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.97 by $0.19. Synnex had a net margin of 1.89% and a return on equity of 16.58%. The company had revenue of $4.28 billion during the quarter, compared to analysts’ expectations of $4 billion. During the same period in the prior year, the company posted $1.73 EPS. The firm’s revenue for the quarter was up 16.5% on a year-over-year basis. analysts predict that Synnex will post 8.78 earnings per share for the current year.

In other news, COO Dennis Polk sold 1,500 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $126.91, for a total transaction of $190,365.00. Following the transaction, the chief operating officer now owns 22,468 shares of the company’s stock, valued at $2,851,413.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Fred A. Breidenbach sold 1,321 shares of the stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $127.92, for a total transaction of $168,982.32. Following the transaction, the director now directly owns 18,087 shares in the company, valued at approximately $2,313,689.04. The disclosure for this sale can be found here. Insiders have sold 12,721 shares of company stock worth $1,667,635 in the last ninety days. Corporate insiders own 3.20% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Synnex (NYSE:SNX)

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