TD SYNNEX Corporation (SNX) - What Are Analysts Saying About This Stock?

Key Points

• Analysts are broadly positive: Nine brokerages give TD SYNNEX an average “Buy” rating, with a mean one-year price target of $331.14.
• Quarterly results exceeded expectations: TD SYNNEX reported EPS of $5.68 versus $4.70 forecast and revenue of $21.56 billion, up 37.7% year over year.
• The company pays a quarterly dividend of $0.48 per share, equivalent to an annualized yield of about 0.8%.

TD SYNNEX Corporation (NYSE:SNX - Get Free Report) has earned an average rating of "Buy" from the nine brokerages that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $331.14.

A number of research analysts have recently commented on SNX shares. Barclays raised their target price on TD SYNNEX from $278.00 to $287.00 and gave the company an "equal weight" rating in a research note on Tuesday, September 8th. UBS Group upped their price target on TD SYNNEX from $352.00 to $379.00 and gave the stock a "buy" rating in a research note on Friday, September 25th. Zacks Research upgraded TD SYNNEX from a "hold" rating to a "strong-buy" rating in a report on Tuesday, September 29th. Weiss Ratings lowered TD SYNNEX from a "buy (b+)" rating to a "buy (b)" rating in a research report on Friday, October 23rd. Finally, Morgan Stanley boosted their target price on shares of TD SYNNEX from $334.00 to $359.00 and gave the company an "overweight" rating in a report on Friday, September 25th.

TD SYNNEX Trading Down 2.0%

Shares of SNX traded down $4.96 during trading hours on Friday, reaching $237.55. 433,228 shares of the company traded hands, compared to its average volume of 794,136. TD SYNNEX has a 12 month low of $142.22 and a 12 month high of $298.77. The company has a quick ratio of 0.64, a current ratio of 1.19 and a debt-to-equity ratio of 0.39. The company's fifty day moving average price is $255.97 and its two-hundred day moving average price is $229.44. The company has a market capitalization of $18.95 billion, a price-to-earnings ratio of 14.48, a price-to-earnings-growth ratio of 0.48 and a beta of 1.43.

TD SYNNEX (NYSE:SNX - Get Free Report) last released its quarterly earnings results on Thursday, September 24th. The business services provider reported $5.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.70 by $0.98. TD SYNNEX had a net margin of 1.75% and a return on equity of 16.78%. The company had revenue of $21.56 billion during the quarter, compared to the consensus estimate of $18.91 billion. TD SYNNEX's revenue was up 37.7% on a year-over-year basis. During the same period in the prior year, the firm earned $3.58 earnings per share. TD SYNNEX has set its Q4 2026 guidance at 5.650-6.150 EPS. Equities research analysts predict that TD SYNNEX will post 20.35 earnings per share for the current fiscal year.

TD SYNNEX Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 30th. Investors of record on Friday, October 16th were paid a dividend of $0.48 per share. The ex-dividend date of this dividend was Friday, October 16th. This represents a $1.92 annualized dividend and a yield of 0.8%. TD SYNNEX's payout ratio is presently 11.70%.

Insiders Place Their Bets

In other TD SYNNEX news, insider Alim Dhanji sold 3,775 shares of the firm's stock in a transaction that occurred on Thursday, October 22nd. The shares were sold at an average price of $241.01, for a total transaction of $909,812.75. Following the completion of the transaction, the insider owned 11,712 shares of the company's stock, valued at approximately $2,822,709.12. This trade represents a 24.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.70% of the company's stock.

Institutional Trading of TD SYNNEX

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Parkside Financial Bank & Trust grew its holdings in shares of TD SYNNEX by 32.8% in the second quarter. Parkside Financial Bank & Trust now owns 158 shares of the business services provider's stock worth $42,000 after purchasing an additional 39 shares during the last quarter. Gamco Investors INC. ET AL lifted its holdings in TD SYNNEX by 1.1% during the 1st quarter. Gamco Investors INC. ET AL now owns 4,667 shares of the business services provider's stock valued at $787,000 after buying an additional 52 shares in the last quarter. Brighton Jones LLC lifted its holdings in TD SYNNEX by 1.2% during the 3rd quarter. Brighton Jones LLC now owns 4,723 shares of the business services provider's stock valued at $1,213,000 after buying an additional 58 shares in the last quarter. Capital Analysts LLC boosted its position in TD SYNNEX by 10.9% in the 2nd quarter. Capital Analysts LLC now owns 598 shares of the business services provider's stock valued at $160,000 after buying an additional 59 shares during the period. Finally, Waverly Advisors LLC boosted its position in TD SYNNEX by 0.8% in the 2nd quarter. Waverly Advisors LLC now owns 7,472 shares of the business services provider's stock valued at $1,998,000 after buying an additional 60 shares during the period. Hedge funds and other institutional investors own 84.00% of the company's stock.

TD SYNNEX Company Profile

TD SYNNEX is a global distributor and solutions aggregator serving the information technology industry. The company connects technology vendors with channel partners, including resellers, systems integrators, managed service providers and retailers. Its offerings span hardware, software and services across areas such as cloud computing, cybersecurity, data center infrastructure, networking and end-user computing. TD SYNNEX also provides partners with services that can support technology deployment, integration and ongoing management.

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