Weiss Ratings Reiterates Buy (B-) Rating for TD SYNNEX (NYSE:SNX)

Key Points

• Weiss Ratings has reaffirmed a "Buy (B-)" rating for TD SYNNEX, indicating positive sentiment towards the stock despite mixed ratings from other analysts.
• The recent earnings report showed TD SYNNEX missed EPS expectations by $0.31 while surpassing revenue estimates, leading to a current average price target of $169.55.
• Insider trading activity saw significant shares sold, with CFO Marshall Witt disposing of 861 shares, reflecting a notable decrease in their stake.

TD SYNNEX (NYSE:SNX - Get Free Report)'s stock had its "buy (b-)" rating reiterated by equities researchers at Weiss Ratings in a research note issued on Friday,Weiss Ratings reports.

Other analysts also recently issued research reports about the company. Wall Street Zen downgraded TD SYNNEX from a "buy" rating to a "hold" rating in a research note on Saturday, October 18th. Loop Capital raised their price objective on TD SYNNEX from $150.00 to $160.00 and gave the stock a "buy" rating in a research report on Monday, June 30th. Barclays increased their target price on TD SYNNEX from $140.00 to $164.00 and gave the stock an "equal weight" rating in a report on Friday, September 26th. Morgan Stanley increased their target price on TD SYNNEX from $173.00 to $181.00 and gave the stock an "overweight" rating in a report on Friday, September 26th. Finally, Bank of America increased their target price on TD SYNNEX from $170.00 to $180.00 and gave the stock a "buy" rating in a report on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $169.55.

TD SYNNEX Stock Performance

Shares of NYSE SNX opened at $155.11 on Friday. The business's 50-day moving average price is $152.95 and its two-hundred day moving average price is $136.36. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.20 and a quick ratio of 0.71. TD SYNNEX has a one year low of $92.23 and a one year high of $167.76. The company has a market capitalization of $12.63 billion, a P/E ratio of 16.82, a price-to-earnings-growth ratio of 1.17 and a beta of 1.43.

TD SYNNEX (NYSE:SNX - Get Free Report) last issued its 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). The firm had revenue of $15.65 billion during the quarter, compared to analysts' expectations of $15.11 billion. TD SYNNEX had a net margin of 1.27% and a return on equity of 12.13%. The business's revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter last year, the firm earned $2.86 EPS. TD SYNNEX has set its Q4 2025 guidance at 3.450-3.950 EPS. Analysts anticipate that TD SYNNEX will post 11.88 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other TD SYNNEX news, insider Alim Dhanji sold 1,762 shares of the stock in a transaction on Tuesday, October 21st. The stock was sold at an average price of $154.55, for a total value of $272,317.10. Following the transaction, the insider directly owned 13,426 shares in the company, valued at approximately $2,074,988.30. This trade represents a 11.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Marshall Witt sold 861 shares of the stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $149.84, for a total value of $129,012.24. Following the completion of the transaction, the chief financial officer owned 49,777 shares in the company, valued at $7,458,585.68. The trade was a 1.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,435 shares of company stock valued at $1,302,970. Company insiders own 1.00% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Voya Investment Management LLC boosted its position in shares of TD SYNNEX by 27.4% in the 1st quarter. Voya Investment Management LLC now owns 33,490 shares of the business services provider's stock worth $3,482,000 after purchasing an additional 7,212 shares during the last quarter. CX Institutional lifted its holdings in shares of TD SYNNEX by 28.9% in the second quarter. CX Institutional now owns 15,434 shares of the business services provider's stock valued at $2,094,000 after purchasing an additional 3,457 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of TD SYNNEX by 36.5% in the first quarter. Envestnet Asset Management Inc. now owns 75,778 shares of the business services provider's stock valued at $7,878,000 after purchasing an additional 20,280 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in TD SYNNEX by 3.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,252 shares of the business services provider's stock worth $754,000 after acquiring an additional 244 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in TD SYNNEX by 11.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,361 shares of the business services provider's stock worth $765,000 after acquiring an additional 785 shares in the last quarter. 84.00% of the stock is currently 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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