TD SYNNEX Co. (NYSE:SNX) Receives $118.18 Average Price Target from Analysts

Shares of TD SYNNEX Co. (NYSE:SNX - Get Free Report) have been assigned a consensus rating of "Hold" from the nine analysts that are covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $118.18.

Several research firms have recently weighed in on SNX. Barrington Research boosted their target price on shares of TD SYNNEX from $122.00 to $138.00 and gave the stock an "outperform" rating in a research report on Thursday, March 28th. Royal Bank of Canada reissued a "sector perform" rating and issued a $118.00 target price (up previously from $110.00) on shares of TD SYNNEX in a research report on Wednesday, March 27th. JPMorgan Chase & Co. boosted their target price on shares of TD SYNNEX from $113.00 to $126.00 and gave the stock a "neutral" rating in a research report on Monday, April 1st. Bank of America boosted their price objective on shares of TD SYNNEX from $120.00 to $140.00 and gave the company a "buy" rating in a research report on Tuesday, April 2nd. Finally, StockNews.com raised shares of TD SYNNEX from a "hold" rating to a "buy" rating in a research report on Thursday, December 21st.

TD SYNNEX Trading Down 0.7 %

Shares of NYSE SNX traded down $0.82 during trading on Monday, hitting $116.90. 1,989,110 shares of the company traded hands, compared to its average volume of 981,842. TD SYNNEX has a 1 year low of $86.30 and a 1 year high of $119.87. The company has a 50-day moving average price of $105.14 and a 200-day moving average price of $101.77. The firm has a market capitalization of $10.25 billion, a P/E ratio of 16.97, a P/E/G ratio of 1.12 and a beta of 1.64. The company has a quick ratio of 0.75, a current ratio of 1.22 and a debt-to-equity ratio of 0.38.

TD SYNNEX (NYSE:SNX - Get Free Report) last issued its quarterly earnings data on Tuesday, January 9th. The business services provider reported $3.13 EPS for the quarter, topping analysts' consensus estimates of $2.56 by $0.57. The firm had revenue of $14.41 billion for the quarter, compared to analyst estimates of $14.54 billion. TD SYNNEX had a net margin of 1.12% and a return on equity of 12.16%. The firm's revenue was down 11.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.30 EPS. On average, equities analysts predict that TD SYNNEX will post 11.17 EPS for the current year.

TD SYNNEX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Friday, April 12th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Thursday, April 11th. TD SYNNEX's dividend payout ratio is presently 23.22%.

Insider Activity at TD SYNNEX

In related news, CEO Richard T. Hume sold 10,000 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $105.57, for a total transaction of $1,055,700.00. Following the completion of the sale, the chief executive officer now directly owns 229,363 shares of the company's stock, valued at $24,213,851.91. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Richard T. Hume sold 10,000 shares of the company's stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $105.57, for a total value of $1,055,700.00. Following the completion of the sale, the chief executive officer now owns 229,363 shares in the company, valued at approximately $24,213,851.91. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Apollo Management Holdings Gp, sold 2,250,000 shares of the firm's stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $101.50, for a total transaction of $228,375,000.00. Following the completion of the transaction, the insider now directly owns 26,153,049 shares of the company's stock, valued at approximately $2,654,534,473.50. The disclosure for this sale can be found here. Insiders sold a total of 2,289,905 shares of company stock valued at $232,556,362 over the last ninety days. Insiders own 1.90% of the company's stock.

Hedge Funds Weigh In On TD SYNNEX

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SNX. Apollo Management Holdings L.P. purchased a new stake in TD SYNNEX in the 1st quarter worth approximately $3,622,519,000. Pacer Advisors Inc. lifted its position in TD SYNNEX by 33,158.8% in the 4th quarter. Pacer Advisors Inc. now owns 1,336,005 shares of the business services provider's stock worth $143,767,000 after buying an additional 1,331,988 shares in the last quarter. Norges Bank bought a new position in shares of TD SYNNEX during the 4th quarter valued at $79,506,000. AQR Capital Management LLC raised its holdings in shares of TD SYNNEX by 330.6% during the 1st quarter. AQR Capital Management LLC now owns 679,948 shares of the business services provider's stock valued at $64,738,000 after purchasing an additional 522,055 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of TD SYNNEX by 7.4% during the 4th quarter. Vanguard Group Inc. now owns 5,379,928 shares of the business services provider's stock valued at $578,934,000 after purchasing an additional 371,322 shares in 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.