TD SYNNEX Co. (NYSE:SNX) Receives $137.22 Average Price Target from Analysts

Shares of TD SYNNEX Co. (NYSE:SNX - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the nine ratings firms that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $137.22.

Several research firms recently issued reports on SNX. Cfra cut their target price on TD SYNNEX from $147.00 to $132.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Barrington Research reissued an "outperform" rating and issued a $156.00 target price on shares of TD SYNNEX in a research note on Friday, April 11th. Barclays dropped their price objective on TD SYNNEX from $148.00 to $125.00 and set an "equal weight" rating on the stock in a research report on Friday, March 28th. UBS Group dropped their price objective on TD SYNNEX from $150.00 to $138.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. Finally, StockNews.com cut TD SYNNEX from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th.

Insider Transactions at TD SYNNEX

In related news, CFO Marshall Witt sold 1,510 shares of the firm's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $128.08, for a total value of $193,400.80. Following the transaction, the chief financial officer now owns 49,843 shares of the company's stock, valued at $6,383,891.44. This trade represents a 2.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Patrick Zammit sold 6,823 shares of the firm's stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $143.00, for a total transaction of $975,689.00. Following the transaction, the chief executive officer now directly owns 165,604 shares in the company, valued at $23,681,372. This trade represents a 3.96 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,333 shares of company stock worth $3,886,690. 1.00% of the stock is currently owned by insiders.

Institutional Trading of TD SYNNEX

A number of institutional investors have recently bought and sold shares of SNX. XTX Topco Ltd purchased a new position in TD SYNNEX in the 3rd quarter valued at about $219,000. M&T Bank Corp lifted its stake in TD SYNNEX by 13.5% in the 3rd quarter. M&T Bank Corp now owns 2,188 shares of the business services provider's stock worth $263,000 after purchasing an additional 261 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in TD SYNNEX in the 3rd quarter worth approximately $232,000. Tidal Investments LLC lifted its stake in TD SYNNEX by 9.3% in the 3rd quarter. Tidal Investments LLC now owns 17,121 shares of the business services provider's stock worth $2,056,000 after purchasing an additional 1,450 shares in the last quarter. Finally, Brass Tax Wealth Management Inc. purchased a new position in TD SYNNEX in the 3rd quarter worth approximately $203,000. 84.00% of the stock is currently owned by institutional investors and hedge funds.

TD SYNNEX Stock Performance

NYSE SNX traded up $3.10 on Friday, hitting $108.87. 66,621 shares of the stock traded hands, compared to its average volume of 920,583. The firm has a market capitalization of $9.14 billion, a price-to-earnings ratio of 13.68, a PEG ratio of 1.06 and a beta of 1.36. The business's fifty day moving average is $120.89 and its two-hundred day moving average is $123.77. TD SYNNEX has a 12 month low of $92.23 and a 12 month high of $145.10. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.76 and a current ratio of 1.24.

TD SYNNEX (NYSE:SNX - Get Free Report) last issued its quarterly earnings data on Thursday, March 27th. The business services provider reported $2.80 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.87 by ($0.07). TD SYNNEX had a return on equity of 11.91% and a net margin of 1.18%. The business had revenue of $14.53 billion during the quarter, compared to analysts' expectations of $14.79 billion. During the same quarter last year, the business posted $2.99 EPS. The company's quarterly revenue was up 4.0% on a year-over-year basis. As a group, equities analysts anticipate that TD SYNNEX will post 11.88 EPS for the current fiscal year.

TD SYNNEX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be issued a $0.44 dividend. The ex-dividend date is Friday, April 11th. This represents a $1.76 annualized dividend and a dividend yield of 1.62%. TD SYNNEX's dividend payout ratio (DPR) is presently 21.97%.

About TD SYNNEX

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.