TD SYNNEX Corporation (NYSE:SNX) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• TD SYNNEX Corporation has received an average rating of "Moderate Buy" from ten analysts, with eight giving buy ratings and a 1-year price target of $151.30.
• Bank of America recently increased its target price for TD SYNNEX stock from $156.00 to $170.00 while maintaining a buy rating.
• The company reported $2.99 earnings per share for the last quarter, surpassing estimates by $0.28 and showing a 7.2% year-over-year revenue increase.

Shares of TD SYNNEX Corporation (NYSE:SNX - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the ten ratings firms that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $151.30.

A number of research analysts have issued reports on the stock. Bank of America boosted their target price on shares of TD SYNNEX from $156.00 to $170.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. boosted their target price on shares of TD SYNNEX from $143.00 to $160.00 and gave the company a "neutral" rating in a research note on Thursday, July 17th. Loop Capital boosted their target price on shares of TD SYNNEX from $150.00 to $160.00 and gave the company a "buy" rating in a research note on Monday, June 30th. Barrington Research restated an "outperform" rating and set a $156.00 price target on shares of TD SYNNEX in a research report on Friday, July 11th. Finally, Royal Bank Of Canada boosted their price target on shares of TD SYNNEX from $145.00 to $165.00 and gave the stock an "outperform" rating in a research report on Friday, August 22nd.

Insider Activity at TD SYNNEX

In related news, CFO Marshall Witt sold 1,509 shares of the business's stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $125.35, for a total value of $189,153.15. Following the sale, the chief financial officer directly owned 49,563 shares in the company, valued at $6,212,722.05. The trade was a 2.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ann F. Vezina sold 812 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $150.42, for a total transaction of $122,141.04. Following the completion of the sale, the director owned 6,079 shares in the company, valued at $914,403.18. The trade was a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 66,888 shares of company stock valued at $9,115,025 over the last quarter. Corporate insiders own 1.00% of the company's stock.

Institutional Trading of TD SYNNEX

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Crossmark Global Holdings Inc. raised its holdings in shares of TD SYNNEX by 1.6% in the 1st quarter. Crossmark Global Holdings Inc. now owns 6,063 shares of the business services provider's stock worth $630,000 after purchasing an additional 94 shares in the last quarter. State of Michigan Retirement System raised its holdings in shares of TD SYNNEX by 0.6% in the 1st quarter. State of Michigan Retirement System now owns 18,021 shares of the business services provider's stock worth $1,873,000 after purchasing an additional 100 shares in the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of TD SYNNEX by 0.5% in the 1st quarter. Louisiana State Employees Retirement System now owns 21,100 shares of the business services provider's stock worth $2,194,000 after purchasing an additional 100 shares in the last quarter. ProShare Advisors LLC raised its holdings in shares of TD SYNNEX by 3.1% in the 2nd quarter. ProShare Advisors LLC now owns 3,311 shares of the business services provider's stock worth $449,000 after purchasing an additional 101 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of TD SYNNEX by 23.7% in the 2nd quarter. Blue Trust Inc. now owns 543 shares of the business services provider's stock worth $74,000 after purchasing an additional 104 shares in the last quarter. 84.00% of the stock is currently owned by institutional investors.

TD SYNNEX Trading Down 0.4%

NYSE SNX opened at $151.73 on Monday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.75 and a current ratio of 1.26. The company has a 50-day simple moving average of $146.13 and a 200-day simple moving average of $129.21. The firm has a market capitalization of $12.51 billion, a PE ratio of 17.73, a price-to-earnings-growth ratio of 1.24 and a beta of 1.35. TD SYNNEX has a one year low of $92.23 and a one year high of $153.70.

TD SYNNEX (NYSE:SNX - Get Free Report) last posted its earnings results on Tuesday, June 24th. The business services provider reported $2.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.71 by $0.28. The firm had revenue of $14.95 billion during the quarter, compared to analyst estimates of $14.30 billion. TD SYNNEX had a net margin of 1.21% and a return on equity of 11.58%. TD SYNNEX's revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the business posted $2.73 EPS. TD SYNNEX has set its Q3 2025 guidance at 2.750-3.250 EPS. On average, equities analysts forecast that TD SYNNEX will post 11.88 earnings per share for the current year.

TD SYNNEX Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 11th were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, July 11th. TD SYNNEX's payout ratio is 20.56%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.