Shares of TD SYNNEX Co. (NYSE:SNX) have garnered a “Moderate Buy” rating from nine research firms, according to Bloomberg.com. Among the firms covering the company, four recommend holding the stock, four advise buying, and one strongly recommends purchasing shares. A consensus target price of $109.18 has been established based on analysis conducted within the past year.
Opening at $102.71 on Thursday, SNX has a 52-week low of $78.86 and a 52-week high of $111.57. With a market capitalization of $9.63 billion, the company demonstrates a price-to-earnings ratio of 14.63 and a beta factor of 1.61. The fifty-day moving average stands at $99.37, while the two-hundred day moving average is recorded as $94.74. TD SYNNEX boasts a quick ratio of 0.76, a current ratio of 1.30, and a debt-to-equity ratio of 0.
Recent activity in TD SYNNEX involves insider selling by key executives such as CFO Marshall Witt and insider Dennis Polk. The transactions were detailed in filings with the Securities & Exchange Commission.
TD SYNNEX’s most recent quarterly earnings report was released on June 27th, indicating earnings per share (EPS) amounting to $2.43 for the quarter; this fell short of analysts’ predicted EPS figures by ($0.12). Revenue for the quarter amounted to $14.06 billion compared to an expected revenue figure of $14.42 billion among analysts surveyed prior to release.
The net margin for TD SYNNEX remains at 1.10%, with a return on equity calculated at 13.25%. It is worth noting that revenue during the quarter declined by 7.9% compared to the same period last year when earnings per share amounted to $2.66.
Analysts predict that TD SYNNEX will post earnings per share of 10.46 for the current year.
These statistics and developments provide a comprehensive overview of TD SYNNEX’s stock performance and recent activities, allowing investors and finance professionals to make informed decisions about their investment strategies moving forward.
TD SYNNEX Corporation
Updated on: 26/02/2024
Debt to equity ratio: Buy
Price to earnings ratio: Buy
Price to book ratio: Neutral
DCF: Strong Buy
We did not find social sentiment data for this stock
|Analyst / firm
TD SYNNEX: Assessing Target Prices, Dividend Payouts, and Market Concerns
On September 21, 2023, various research firms released reports on TD SYNNEX (SNX), a leading technology solutions company. The reports assessed the target prices and dividend payouts of SNX, providing investors with crucial information for their investment decisions.
Bank of America, one of the prominent research firms, revised its price target for SNX shares downwards from $120.00 to $115.00 in their report on June 28th of this year. This adjustment may have caused some perplexity among investors as they questioned the rationale behind the reduction.
Similarly, Credit Suisse Group also lowered their target price for SNX shares from $106.00 to $90.00 in a research note published on the same day as Bank of America’s report. This abrupt decrease definitely raised eyebrows among those closely following the company’s financial performance.
Notably, Barrington Research joined Bank of America in reducing their price target for SNX during that period from $120.00 to $115.00 as mentioned in their report on June 28th as well. The similarity in recommendations by these reputable research firms might have amplified concerns surrounding TD SYNNEX’s future outlook.
Adding to this string of revisions, Royal Bank of Canada implemented a cut to their target price for TD SYNNEX shares from $98.00 to $97.00 in a research report dated July 10th, further fueling skepticism about the company’s prospects.
However, it is important to consider all available insights when evaluating an investment proposition. StockNews.com recently initiated coverage on TD SYNNEX and assigned a “hold” rating for the company in their analysis published on August 17th. Their perspective could bring some much-needed balance to counterbalance the pessimistic sentiments stemming from other reports.
In addition to these analyses, TD SYNNEX announced a quarterly dividend that was paid out on July 28th, adding another dimension to the assessment of the company’s potential. Investors who held shares on record as of July 14th received a $0.35 dividend per share. With an annualized dividend payout of $1.40 and a yield of 1.36%, TD SYNNEX demonstrated its commitment to rewarding shareholders through dividend distributions.
Furthermore, TD SYNNEX’s dividend payout ratio currently stands at 19.94%, indicating the percentage of earnings allocated towards dividends. This figure serves as a crucial metric for investors evaluating the stability and sustainability of a company’s dividend policy.
As with any investment decision, it is important for investors to meticulously analyze both negative and positive factors surrounding a company before making any informed conclusions. While the recent reports from various research firms have created some bustiness in the market, it is essential to note that these reports represent individual opinions and may not necessarily reflect the overall sentiment regarding TD SYNNEX’s prospects.
Investors should consider consulting with financial advisors or conducting their own robust analysis to make well-informed decisions that align with their investment goals and risk tolerance levels.