Tech Data Corp. (NASDAQ:TECD)‘s stock had its “equal weight” rating restated by investment analysts at Morgan Stanley in a note issued to investors on Wednesday, Stock Ratings Network reports.
Separately, analysts at Zacks reiterated a “neutral” rating on shares of Tech Data Corp. in a research note to investors on Monday, October 7th. They now have a $53.00 price target on the stock. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Tech Data Corp. currently has an average rating of “Hold” and a consensus price target of $51.25.
Tech Data Corp. (NASDAQ:TECD) traded down 0.47% during mid-day trading on Wednesday, hitting $51.10. The stock had a trading volume of 96,747 shares. Tech Data Corp. has a 52-week low of $43.02 and a 52-week high of $54.60. The stock has a 50-day moving average of $51.77 and a 200-day moving average of $50.39. The company has a market cap of $1.931 billion and a price-to-earnings ratio of 9.37.
Tech Data Corporation (NASDAQ:TECD) is a wholesale distributor of technology products.
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