UBS Group Increases TD SYNNEX (NYSE:SNX) Price Target to $150.00

TD SYNNEX (NYSE:SNX) had its price objective hoisted by UBS Group from $145.00 to $150.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the business services provider’s stock. UBS Group’s price objective suggests a potential upside of 29.83% from the stock’s previous close.

A number of other brokerages have also recently issued reports on SNX. Cfra boosted their price objective on TD SYNNEX from $110.00 to $113.00 and gave the stock a “hold” rating in a report on Tuesday, March 26th. JPMorgan Chase & Co. reduced their price objective on TD SYNNEX from $126.00 to $123.00 and set a “neutral” rating for the company in a report on Wednesday. Bank of America boosted their price objective on TD SYNNEX from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. Royal Bank of Canada reiterated a “sector perform” rating and issued a $135.00 price target on shares of TD SYNNEX in a research report on Wednesday. Finally, Barclays lifted their price target on shares of TD SYNNEX from $111.00 to $118.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 27th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, TD SYNNEX has a consensus rating of “Moderate Buy” and a consensus price target of $122.82.

TD SYNNEX Trading Down 0.5 %

Shares of NYSE:SNX opened at $115.54 on Wednesday. TD SYNNEX has a 12-month low of $89.73 and a 12-month high of $133.85. The stock has a market cap of $10.29 billion, a PE ratio of 16.18, a P/E/G ratio of 1.13 and a beta of 1.55. The business has a 50 day moving average of $124.68 and a 200-day moving average of $112.51. The company has a quick ratio of 0.75, a current ratio of 1.22 and a debt-to-equity ratio of 0.38.

TD SYNNEX (NYSE:SNX) last issued its quarterly earnings data on Tuesday, March 26th. The business services provider reported $2.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.71 by $0.12. TD SYNNEX had a return on equity of 12.22% and a net margin of 1.14%. The company had revenue of $13.98 billion during the quarter, compared to analysts’ expectations of $14.37 billion. As a group, equities research analysts forecast that TD SYNNEX will post 11.38 earnings per share for the current year.

Insider Buying and Selling at TD SYNNEX

In other TD SYNNEX news, CEO Richard T. Hume sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $115.79, for a total transaction of $1,157,900.00. Following the completion of the transaction, the chief executive officer now directly owns 219,363 shares in the company, valued at $25,400,041.77. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other TD SYNNEX news, CEO Richard T. Hume sold 10,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $115.79, for a total transaction of $1,157,900.00. Following the sale, the chief executive officer now owns 219,363 shares of the company’s stock, valued at $25,400,041.77. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Dennis Polk sold 20,000 shares of the business’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $118.10, for a total transaction of $2,362,000.00. Following the sale, the insider now directly owns 134,706 shares in the company, valued at approximately $15,908,778.60. The disclosure for this sale can be found here. Company insiders own 1.90% of the company’s stock.

Institutional Trading of TD SYNNEX

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. DekaBank Deutsche Girozentrale grew its stake in shares of TD SYNNEX by 550.0% during the first quarter. DekaBank Deutsche Girozentrale now owns 26,000 shares of the business services provider’s stock worth $2,893,000 after buying an additional 22,000 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its stake in shares of TD SYNNEX by 22.1% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 16,594 shares of the business services provider’s stock worth $1,877,000 after purchasing an additional 3,000 shares during the last quarter. Cetera Advisors LLC bought a new stake in shares of TD SYNNEX in the first quarter worth $406,000. Lind Value II ApS bought a new stake in shares of TD SYNNEX in the first quarter worth $77,858,000. Finally, Delphi Management Inc. MA grew its stake in shares of TD SYNNEX by 24.7% in the first quarter. Delphi Management Inc. MA now owns 15,773 shares of the business services provider’s stock worth $1,784,000 after purchasing an additional 3,120 shares during the last quarter. Institutional investors own 84.00% of the company’s stock.

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.