Analysts Set TD SYNNEX Co. (NYSE:SNX) PT at $134.75

Shares of TD SYNNEX Co. (NYSE:SNX) have received an average rating of “Moderate Buy” from the eight research firms that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $134.75.

SNX has been the topic of several recent research reports. Royal Bank of Canada reiterated an “outperform” rating and set a $140.00 target price on shares of TD SYNNEX in a research report on Friday, September 27th. Barrington Research reissued an “outperform” rating and issued a $138.00 price objective on shares of TD SYNNEX in a research note on Monday, September 23rd. Barclays raised their target price on TD SYNNEX from $131.00 to $132.00 and gave the stock an “equal weight” rating in a research report on Friday, September 27th. StockNews.com raised TD SYNNEX from a “hold” rating to a “buy” rating in a research note on Friday, August 16th. Finally, Loop Capital reaffirmed a “buy” rating and issued a $150.00 price objective on shares of TD SYNNEX in a research note on Monday, October 7th.

Insiders Place Their Bets

In other news, insider Simon Leung sold 6,249 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $123.17, for a total transaction of $769,689.33. Following the completion of the sale, the insider now owns 23,339 shares in the company, valued at $2,874,664.63. The trade was a 21.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider David R. Vetter sold 20,000 shares of the stock in a transaction on Friday, October 18th. The stock was sold at an average price of $123.14, for a total value of $2,462,800.00. Following the completion of the transaction, the insider now owns 66,381 shares in the company, valued at approximately $8,174,156.34. This represents a 23.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 69,645 shares of company stock worth $8,414,329. 1.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On TD SYNNEX

Several large investors have recently added to or reduced their stakes in SNX. V Square Quantitative Management LLC purchased a new stake in shares of TD SYNNEX in the third quarter worth approximately $30,000. UMB Bank n.a. lifted its stake in TD SYNNEX by 99.3% during the 3rd quarter. UMB Bank n.a. now owns 289 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 144 shares in the last quarter. Kathleen S. Wright Associates Inc. purchased a new position in TD SYNNEX during the 3rd quarter worth $37,000. Blue Trust Inc. grew its stake in shares of TD SYNNEX by 52.3% in the 2nd quarter. Blue Trust Inc. now owns 358 shares of the business services provider’s stock worth $40,000 after acquiring an additional 123 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of TD SYNNEX by 217.5% in the second quarter. GAMMA Investing LLC now owns 454 shares of the business services provider’s stock valued at $52,000 after purchasing an additional 311 shares during the last quarter. Institutional investors own 84.00% of the company’s stock.

TD SYNNEX Stock Performance

NYSE SNX opened at $118.82 on Tuesday. TD SYNNEX has a fifty-two week low of $96.93 and a fifty-two week high of $133.85. The stock has a market cap of $10.11 billion, a PE ratio of 15.37, a PEG ratio of 1.17 and a beta of 1.48. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.77 and a current ratio of 1.25. The firm’s fifty day moving average price is $118.89 and its two-hundred day moving average price is $119.67.

TD SYNNEX (NYSE:SNX) last issued its earnings results on Thursday, September 26th. The business services provider reported $2.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.80 by $0.06. The business had revenue of $14.68 billion during the quarter, compared to analysts’ expectations of $14.11 billion. TD SYNNEX had a return on equity of 12.15% and a net margin of 1.20%. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.71 EPS. On average, equities analysts expect that TD SYNNEX will post 11.03 EPS for the current fiscal year.

TD SYNNEX Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were paid a $0.40 dividend. The ex-dividend date was Friday, October 11th. This represents a $1.60 annualized dividend and a dividend yield of 1.35%. TD SYNNEX’s dividend payout ratio is currently 20.70%.

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.