TD SYNNEX (NYSE:SNX) Raised to "Buy" at Wall Street Zen

TD SYNNEX (NYSE:SNX - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Sunday.

SNX has been the topic of a number of other research reports. Raymond James Financial set a $175.00 price target on TD SYNNEX in a research report on Thursday, September 25th. Barclays upped their price target on TD SYNNEX from $140.00 to $164.00 and gave the company an "equal weight" rating in a research report on Friday, September 26th. JPMorgan Chase & Co. upped their price target on TD SYNNEX from $143.00 to $160.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. UBS Group upped their price target on TD SYNNEX from $154.00 to $187.00 and gave the company a "buy" rating in a research report on Monday, September 29th. Finally, Zacks Research upgraded TD SYNNEX from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $169.55.

TD SYNNEX Price Performance

Shares of NYSE SNX opened at $155.11 on Friday. The stock has a market capitalization of $12.63 billion, a PE ratio of 16.82, a P/E/G ratio of 1.19 and a beta of 1.43. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.20 and a quick ratio of 0.71. The business has a fifty day moving average price of $152.95 and a two-hundred day moving average price of $136.64. TD SYNNEX has a fifty-two week low of $92.23 and a fifty-two week high of $167.76.

TD SYNNEX (NYSE:SNX - Get Free Report) last posted its quarterly earnings results on Thursday, September 25th. The business services provider reported $2.74 EPS for the quarter, missing analysts' consensus estimates of $3.05 by ($0.31). TD SYNNEX had a return on equity of 12.13% and a net margin of 1.27%.The business had revenue of $15.65 billion for the quarter, compared to analyst estimates of $15.11 billion. During the same period last year, the firm posted $2.86 EPS. TD SYNNEX's quarterly revenue was up 6.6% on a year-over-year basis. TD SYNNEX has set its Q4 2025 guidance at 3.450-3.950 EPS. As a group, equities analysts predict that TD SYNNEX will post 11.88 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other TD SYNNEX news, Director Ann F. Vezina sold 812 shares of the stock in a transaction 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 transaction, the director directly owned 6,079 shares of the company's stock, valued at approximately $914,403.18. This represents a 11.78% 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. Also, Director Richard T. Hume sold 5,000 shares of the firm's stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $155.90, for a total value of $779,500.00. Following the completion of the transaction, the director directly owned 62,515 shares of the company's stock, valued at $9,746,088.50. The trade was a 7.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,435 shares of company stock valued at $1,302,970. Insiders own 1.00% of the company's stock.

Hedge Funds Weigh In On TD SYNNEX

Large investors have recently made changes to their positions in the stock. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in TD SYNNEX by 329.8% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 245 shares of the business services provider's stock valued at $25,000 after buying an additional 188 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in TD SYNNEX during the second quarter valued at $55,000. Cullen Frost Bankers Inc. bought a new stake in TD SYNNEX during the first quarter valued at $44,000. MAI Capital Management boosted its stake in TD SYNNEX by 90.2% during the second quarter. MAI Capital Management now owns 428 shares of the business services provider's stock valued at $58,000 after buying an additional 203 shares during the period. Finally, Hantz Financial Services Inc. boosted its stake in TD SYNNEX by 1,012.5% during the second quarter. Hantz Financial Services Inc. now owns 445 shares of the business services provider's stock valued at $60,000 after buying an additional 405 shares during the period. 84.00% of the stock is owned by institutional investors.

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.

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