TD SYNNEX Corporation (NYSE:SNX) Stock Rated “Buy” by Sell-Side Brokerages

Shares of TD SYNNEX Corporation (NYSE:SNX) have been given an average recommendation of “Buy” by the nine analysts that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $331.14.

A number of brokerages recently commented on SNX. Barrington Research lifted their price objective on TD SYNNEX from $202.00 to $325.00 and gave the stock an “outperform” rating in a research report on Friday, June 26th. Morgan Stanley boosted their target price on TD SYNNEX from $334.00 to $359.00 and gave the company an “overweight” rating in a research note on Friday, September 25th. Weiss Ratings raised shares of TD SYNNEX from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 8th. Zacks Research raised TD SYNNEX from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 29th. Finally, The Goldman Sachs Group set a $330.00 price target on shares of TD SYNNEX in a research report on Friday, June 26th.

Insider Activity at TD SYNNEX

In other TD SYNNEX news, Director Richard Hume sold 5,000 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $262.21, for a total value of $1,311,050.00. Following the transaction, the director directly owned 13,537 shares of the company’s stock, valued at $3,549,536.77. This represents a 26.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ann Vezina sold 1,273 shares of the stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $256.05, for a total value of $325,951.65. Following the sale, the director directly owned 5,828 shares in the company, valued at $1,492,259.40. This represents a 17.93% decrease in their position. The SEC filing for this sale provides additional information. 0.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On TD SYNNEX

Institutional investors have recently modified their holdings of the company. Bell Investment Advisors Inc bought a new position in shares of TD SYNNEX in the second quarter valued at approximately $27,000. Fiduciary Financial Advisors purchased a new stake in shares of TD SYNNEX during the 2nd quarter valued at $28,000. SJS Investment Consulting Inc. increased its position in shares of TD SYNNEX by 44.6% during the 1st quarter. SJS Investment Consulting Inc. now owns 201 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 62 shares during the last quarter. Essential Partners LLC raised its position in TD SYNNEX by 644.4% in the first quarter. Essential Partners LLC now owns 201 shares of the business services provider’s stock worth $34,000 after acquiring an additional 174 shares during the period. Finally, Compass Financial Management LLC bought a new stake in shares of TD SYNNEX in the 2nd quarter worth approximately $38,000. 84.00% of the stock is owned by institutional investors.

TD SYNNEX Stock Up 0.7%

Shares of TD SYNNEX stock opened at $248.52 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.19 and a quick ratio of 0.64. The firm has a market cap of $19.83 billion, a price-to-earnings ratio of 15.14, a P/E/G ratio of 0.49 and a beta of 1.37. TD SYNNEX has a 52-week low of $142.22 and a 52-week high of $298.77. The stock has a 50-day simple moving average of $261.98 and a 200-day simple moving average of $250.21.

TD SYNNEX (NYSE:SNX) last announced its earnings results on Thursday, September 24th. The business services provider reported $5.68 earnings per share for the quarter, beating the consensus estimate of $4.70 by $0.98. The firm had revenue of $21.56 billion during the quarter, compared to the consensus estimate of $18.91 billion. TD SYNNEX had a return on equity of 16.78% and a net margin of 1.75%. The firm’s revenue for the quarter was up 37.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.58 EPS. TD SYNNEX has set its Q4 2026 guidance at 5.650-6.150 EPS. On average, equities research analysts expect that TD SYNNEX will post 20.35 earnings per share for the current fiscal year.

TD SYNNEX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, October 16th. TD SYNNEX’s payout ratio is currently 11.70%.

About TD SYNNEX

TD SYNNEX Corporation (NYSE: SNX) is a global technology distributor and solutions aggregator. The company connects technology vendors with resellers, systems integrators, managed service providers, retailers and other channel partners, helping them market, sell, deploy and support technology products and services.

Its offerings include personal computing and endpoint devices, servers, data-center and networking equipment, software, cloud solutions, cybersecurity products, and related professional and managed services.