In a report released today, Matthew Sheerin from Stifel Nicolaus maintained a Buy rating on SYNNEX Corp (NYSE: SNX), with a price target of $130. The company’s shares closed yesterday at $106.74.
According to TipRanks.com, Sheerin is a 5-star analyst with an average return of 15.4% and a 72.5% success rate. Sheerin covers the Consumer Goods sector, focusing on stocks such as TTM Technologies, Pure Storage Inc, and AVX Corp.
SYNNEX Corp has an analyst consensus of Strong Buy, with a price target consensus of $137, representing a 28.3% upside. In a report released today, Pivotal Research also reiterated a Buy rating on the stock with a $130 price target.
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The company has a one-year high of $141.94 and a one-year low of $93.87. Currently, SYNNEX Corp has an average volume of 254.2K.
Based on the recent corporate insider activity of 121 insiders, corporate insider sentiment is negative on the stock. Most recently, in April 2018, Hau L. Lee, a Director at SNX bought 4,000 shares for a total of $152,360.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
SYNNEX Corp. engages in the provision of distribution, logistics, and integration services for the technology industry. It offers outsourced services focused on customer engagement strategy. It operates its business through the Technology Solutions and Concentrix segments.
