The shares of SYNNEX Corporation (NYSE:SNX) has been pegged with a rating of Hold by Cross Research in its latest research note that was published on March 25, 2020. Cross Research wasn’t the only research firm that published a report of SYNNEX Corporation, with other equities research analysts also giving their opinion on the stock. BofA/Merrill advised investors in its research note published on September 06, 2019, to Buy the SNX stock while also putting a $120 price target. The stock had earned Buy rating from Citigroup Markets when it published its report on January 28, 2019. Needham was of a view that SNX is Strong Buy in its latest report on October 04, 2018. Pivotal Research Group thinks that SNX is worth Buy rating. This was contained in the firm’s report on June 29, 2018 in which the stock’s price target was also moved to 130.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 1 believe it has the potential for further growth, thus rating it as Hold while 6 advised investors to purchase the stock. The consensus currently stands at a Buy while its average price target is $116.86. The price of the stock the last time has raised by 29.91% from its 52-Week high price while it is -55.82% than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 30.60.
The shares of the company dipped by -6.68% during the trading session on Friday, reaching a low of $66.65 while ending the day at $67.63. During the trading session, a total of 541200.0 shares were traded which represents a -17.92% decline from the average session volume which is 458970.0 shares. SNX had ended its last session trading at $72.47. SYNNEX Corporation currently has a market cap of $3.76 billion, while its P/E ratio stands at 6.48, while its P/E earnings growth sits at 0.54, with a beta of 1.39. SYNNEX Corporation debt-to-equity ratio currently stands at 0.80, while its quick ratio hovers at 1.10 SNX 52-week low price stands at $52.06 while its 52-week high price is $153.07.
The company in its last quarterly report recorded $3.26 earnings per share which is above the predicted by most analysts. The SYNNEX Corporation generated 225.53 million in revenue during the last quarter. In the second quarter last year, the firm recorded $4.26 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 12.27%. SYNNEX Corporation has the potential to record 3.26 EPS for the current fiscal year, according to equities analysts.
Investment analysts at B. Riley FBR published a research note on March 24, 2020 where it informed investors and clients that Chatham Lodging Trust (NYSE:CLDT) is now rated as Buy. Their price target on the stock stands at $9. BMO Capital Markets also rated CLDT as Initiated on October 17, 2019, with its price target of $17 suggesting that CLDT could surge by 53.94% from its current share price. Even though the stock has been trading at $5.55/share, analysts expect it to down by -13.69% to reach $10.40/share. It started the day trading at $5.50 and traded between $4.41 and $4.79 throughout the trading session.
A look at its technical shows that CLDT’s 50-day SMA is 12.31 while its 200-day SMA stands at 16.54. The stock has a high of $20.66 for the year while the low is $3.44. The stock, however, witnessed a rise in its short on 03/13/20. Compared to previous close which recorded 1.47 M shorted shares, the short percentage went lower by -26.51%, as 1.08M SNX shares were shorted. At the moment, only 2.35% of Chatham Lodging Trust shares were sold short. The company’s P/E ratio currently sits at 12.25, while the P/B ratio is 0.29. The company’s average trading volume currently stands at 391.23K shares, which means that the short-interest ratio is just 2.76 days. Over the past seven days, the company moved, with its shift of -21.22%. Looking further, the stock has dropped -73.52% over the past 90 days while it lost -73.09% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The BlackRock Fund Advisors bought more CLDT shares, increasing its portfolio by 3.91% during the last quarter. This move now sees The BlackRock Fund Advisors purchasing 281,473 shares in the last quarter, thus it now holds 7,483,706 shares of CLDT, with a total valuation of $104,322,862. The Vanguard Group, Inc. meanwhile bought more CLDT shares in the recently filed quarter, changing its stake to $73,798,207 worth of shares.
Similarly, Fuller & Thaler Asset Management,… increased its Chatham Lodging Trust shares by 7.73% during the recently filed quarter. After buying 3,375,630 shares in the last quarter, the firm now controls 242,311 shares of Chatham Lodging Trust which are valued at $47,056,282. In the same vein, SSgA Funds Management, Inc. increased its Chatham Lodging Trust shares by during the most recent reported quarter. The firm bought 221,069 shares during the quarter which increased its stakes to 2,517,035 shares and is now valued at $35,087,468. Following these latest developments, around 0.40% of Chatham Lodging Trust stocks are owned by institutional investors and hedge funds.