TD SYNNEX Co. (NYSE:SNX – Get Free Report) has been given a consensus recommendation of “Moderate Buy” by the nine research firms that are covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $126.10.
SNX has been the topic of several recent research reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $135.00 price objective on shares of TD SYNNEX in a research report on Wednesday. Barrington Research restated an “outperform” rating and set a $138.00 price target on shares of TD SYNNEX in a research report on Wednesday. JPMorgan Chase & Co. dropped their price target on shares of TD SYNNEX from $126.00 to $123.00 and set a “neutral” rating on the stock in a research report on Wednesday. Barclays boosted their price target on shares of TD SYNNEX from $111.00 to $118.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 27th. Finally, UBS Group lifted their price objective on shares of TD SYNNEX from $145.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday.
Insider Transactions at TD SYNNEX
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Benjamin F. Edwards & Company Inc. raised its position in shares of TD SYNNEX by 121.7% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 255 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 140 shares during the period. Rise Advisors LLC bought a new position in shares of TD SYNNEX in the first quarter valued at $32,000. Pineridge Advisors LLC acquired a new stake in TD SYNNEX during the 4th quarter valued at $33,000. Daiwa Securities Group Inc. acquired a new stake in shares of TD SYNNEX during the first quarter worth $68,000. Finally, Gladius Capital Management LP lifted its holdings in shares of TD SYNNEX by 50.8% during the third quarter. Gladius Capital Management LP now owns 742 shares of the business services provider’s stock worth $74,000 after buying an additional 250 shares in the last quarter. Institutional investors and hedge funds own 84.00% of the company’s stock.
TD SYNNEX Price Performance
SNX opened at $115.35 on Friday. The firm has a market cap of $10.28 billion, a price-to-earnings ratio of 16.16, a PEG ratio of 1.12 and a beta of 1.55. The company has a current ratio of 1.26, a quick ratio of 0.75 and a debt-to-equity ratio of 0.47. TD SYNNEX has a twelve month low of $89.73 and a twelve month high of $133.85. The company has a fifty day simple moving average of $124.72 and a 200 day simple moving average of $112.61.
TD SYNNEX (NYSE:SNX – Get Free Report) last announced its quarterly earnings data on Tuesday, March 26th. The business services provider reported $2.83 earnings per share for the quarter, topping the consensus estimate of $2.71 by $0.12. The company had revenue of $13.98 billion during the quarter, compared to analyst estimates of $14.37 billion. TD SYNNEX had a net margin of 1.14% and a return on equity of 12.32%. Equities research analysts expect that TD SYNNEX will post 11.38 EPS for the current fiscal year.
TD SYNNEX Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, July 12th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend is Friday, July 12th. TD SYNNEX’s payout ratio is 22.41%.
TD SYNNEX Company Profile
TD SYNNEX Corporation operates as a distributor and solutions aggregator for the information technology (IT) ecosystem. The company offers personal computing devices and peripherals, mobile phones and accessories, printers, supplies, and endpoint technology software; and data center technologies, such as hybrid cloud, security, storage, networking, servers, technology software, and converged and hyper-converged infrastructure, as well as computing components.
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