TD SYNNEX Co. (NYSE:SNX) Receives $123.36 Average PT from Analysts

Shares of TD SYNNEX Co. (NYSE:SNX) have been given an average recommendation of “Moderate Buy” by the nine research firms that are currently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $123.55.

Several analysts have weighed in on SNX shares. UBS Group boosted their target price on shares of TD SYNNEX from $145.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. reduced their price target on shares of TD SYNNEX from $126.00 to $123.00 and set a “neutral” rating for the company in a report on Wednesday. Bank of America upped their price objective on shares of TD SYNNEX from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $135.00 price objective on shares of TD SYNNEX in a report on Wednesday. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $138.00 price objective on shares of TD SYNNEX in a report on Wednesday.

TD SYNNEX Stock Down 0.7 %

SNX stock opened at $116.16 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.22 and a quick ratio of 0.75. TD SYNNEX has a 1-year low of $87.68 and a 1-year high of $133.85. The firm has a fifty day moving average price of $124.64 and a two-hundred day moving average price of $112.49. The firm has a market cap of $10.35 billion, a price-to-earnings ratio of 16.27, a PEG ratio of 1.13 and a beta of 1.55.

TD SYNNEX (NYSE:SNX) last released its earnings results on Tuesday, March 26th. The business services provider reported $2.83 earnings per share for the quarter, beating the consensus estimate of $2.71 by $0.12. TD SYNNEX had a net margin of 1.14% and a return on equity of 12.22%. The firm had revenue of $13.98 billion during the quarter, compared to analyst estimates of $14.37 billion. Research analysts predict that TD SYNNEX will post 11.38 EPS for the current year.

TD SYNNEX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, July 12th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date is Friday, July 12th. TD SYNNEX’s payout ratio is 22.41%.

Insider Buying and Selling at TD SYNNEX

In other TD SYNNEX news, insider Dennis Polk sold 20,000 shares of the business’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $118.10, for a total transaction of $2,362,000.00. Following the sale, the insider now owns 134,706 shares in the company, valued at approximately $15,908,778.60. The transaction was disclosed in a filing with the SEC, which is available through this link. In other TD SYNNEX news, CEO Richard T. Hume sold 10,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $115.79, for a total transaction of $1,157,900.00. Following the sale, the chief executive officer now owns 219,363 shares in the company, valued at approximately $25,400,041.77. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Dennis Polk sold 20,000 shares of the company’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $118.10, for a total value of $2,362,000.00. Following the completion of the transaction, the insider now owns 134,706 shares in the company, valued at approximately $15,908,778.60. The disclosure for this sale can be found here. 1.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On TD SYNNEX

A number of large investors have recently made changes to their positions in SNX. ProShare Advisors LLC increased its stake in shares of TD SYNNEX by 3.2% in the first quarter. ProShare Advisors LLC now owns 2,784 shares of the business services provider’s stock valued at $315,000 after buying an additional 86 shares in the last quarter. SummerHaven Investment Management LLC raised its position in TD SYNNEX by 1.4% in the 4th quarter. SummerHaven Investment Management LLC now owns 7,499 shares of the business services provider’s stock valued at $807,000 after buying an additional 102 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in 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 buying an additional 140 shares during the last quarter. Teacher Retirement System of Texas raised its position in TD SYNNEX by 0.6% in the 4th quarter. Teacher Retirement System of Texas now owns 23,242 shares of the business services provider’s stock valued at $2,501,000 after buying an additional 142 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC increased its position in shares of TD SYNNEX by 1.9% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 7,890 shares of the business services provider’s stock worth $849,000 after purchasing an additional 146 shares during the last quarter. Institutional investors and hedge funds own 84.00% of the company’s stock.

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.