TD SYNNEX Co. (NYSE:SNX) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of TD SYNNEX Co. (NYSE:SNX - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the eight analysts that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $134.75.

A number of equities analysts recently commented on SNX shares. Royal Bank of Canada restated an "outperform" rating and issued a $140.00 price objective on shares of TD SYNNEX in a report on Friday, September 27th. StockNews.com upgraded shares of TD SYNNEX from a "hold" rating to a "buy" rating in a report on Friday, August 16th. Barclays raised their target price on TD SYNNEX from $131.00 to $132.00 and gave the company an "equal weight" rating in a report on Friday, September 27th. Bank of America decreased their price target on TD SYNNEX from $135.00 to $132.00 and set a "buy" rating for the company in a research note on Thursday, June 27th. Finally, 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.

TD SYNNEX Stock Down 0.1 %

TD SYNNEX stock traded down $0.14 during trading hours on Friday, hitting $120.58. The company had a trading volume of 501,205 shares, compared to its average volume of 799,875. TD SYNNEX has a fifty-two week low of $89.73 and a fifty-two week high of $133.85. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.25 and a quick ratio of 0.77. The firm has a market capitalization of $10.26 billion, a P/E ratio of 15.60, a price-to-earnings-growth ratio of 1.22 and a beta of 1.48. The firm's fifty day moving average is $118.10 and its 200-day moving average is $119.24.

TD SYNNEX (NYSE:SNX - Get Free Report) last posted its quarterly earnings results on Thursday, September 26th. The business services provider reported $2.86 earnings per share for the quarter, topping analysts' consensus estimates of $2.80 by $0.06. The business had revenue of $14.68 billion for the quarter, compared to the consensus estimate of $14.11 billion. TD SYNNEX had a net margin of 1.20% and a return on equity of 12.15%. TD SYNNEX's revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the prior year, the business posted $2.71 earnings per share. On average, research analysts forecast that TD SYNNEX will post 11.03 earnings per share for the current year.

TD SYNNEX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 11th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, October 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.33%. TD SYNNEX's dividend payout ratio (DPR) is presently 20.70%.

Insider Transactions at TD SYNNEX

In related news, Director Ann F. Vezina sold 1,937 shares of the company's stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $121.11, for a total transaction of $234,590.07. Following the completion of the transaction, the director now directly owns 5,695 shares in the company, valued at $689,721.45. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other TD SYNNEX news, Director Ann F. Vezina sold 1,937 shares of TD SYNNEX stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $121.11, for a total transaction of $234,590.07. Following the sale, the director now owns 5,695 shares in the company, valued at $689,721.45. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider David R. Vetter sold 20,000 shares of the firm's stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $123.14, for a total transaction of $2,462,800.00. Following the transaction, the insider now directly owns 66,381 shares of the company's stock, valued at $8,174,156.34. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 74,954 shares of company stock worth $8,918,668. Insiders own 1.90% of the company's stock.

Institutional Trading of TD SYNNEX

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in TD SYNNEX by 23.4% during the 1st quarter. Vanguard Group Inc. now owns 6,641,402 shares of the business services provider's stock worth $751,143,000 after buying an additional 1,261,474 shares in the last quarter. Pacer Advisors Inc. boosted its stake in TD SYNNEX by 58.9% in the second quarter. Pacer Advisors Inc. now owns 2,716,372 shares of the business services provider's stock valued at $313,469,000 after acquiring an additional 1,006,569 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of TD SYNNEX by 8.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,239,852 shares of the business services provider's stock valued at $258,482,000 after acquiring an additional 177,460 shares during the last quarter. AQR Capital Management LLC increased its holdings in TD SYNNEX by 21.1% in the second quarter. AQR Capital Management LLC now owns 1,546,105 shares of the business services provider's stock valued at $178,421,000 after purchasing an additional 269,759 shares during the last quarter. Finally, Nordea Investment Management AB increased its stake in shares of TD SYNNEX by 38.5% in the 1st quarter. Nordea Investment Management AB now owns 1,518,406 shares of the business services provider's stock valued at $172,081,000 after acquiring an additional 421,908 shares during the last quarter. 84.00% of the stock is 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.