Tech Data Corp (TECD) Receives $112.33 Consensus Price Target from Brokerages
Shares of Tech Data Corp (NASDAQ:TECD) have been assigned an average recommendation of “Buy” from the twelve analysts that are currently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $112.33.
TECD has been the topic of several recent analyst reports. Northcoast Research raised Tech Data from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 5th. Zacks Investment Research lowered Tech Data from a “buy” rating to a “hold” rating in a research report on Monday, September 4th. Citigroup reaffirmed a “hold” rating and set a $100.00 target price on shares of Tech Data in a research report on Friday, September 1st. Stifel Nicolaus reduced their target price on Tech Data from $115.00 to $110.00 and set a “buy” rating on the stock in a research report on Friday, September 1st. Finally, Loop Capital reaffirmed a “buy” rating and set a $120.00 target price (down from $130.00) on shares of Tech Data in a research report on Friday, September 1st.
In other Tech Data news, COO Richard T. Hume sold 3,100 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $98.06, for a total transaction of $303,986.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.60% of the stock is currently owned by insiders.
Shares of Tech Data (NASDAQ TECD) traded up $0.54 during midday trading on Thursday, reaching $96.66. The company has a quick ratio of 0.89, a current ratio of 1.35 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $3,690.00, a PE ratio of 11.99, a price-to-earnings-growth ratio of 0.48 and a beta of 0.78. Tech Data has a 1-year low of $81.42 and a 1-year high of $111.10.
Tech Data (NASDAQ:TECD) last issued its earnings results on Monday, November 27th. The company reported $2.00 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.90 by $0.10. The business had revenue of $9.14 billion during the quarter, compared to analyst estimates of $9.10 billion. Tech Data had a return on equity of 11.90% and a net margin of 0.59%. Tech Data’s revenue was up 40.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.44 EPS. sell-side analysts expect that Tech Data will post 9.14 EPS for the current year.
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Tech Data Company Profile
Tech Data Corporation is a wholesale distributor of technology products. The Company serves as a link in the technology supply chain by bringing products from the technology vendors to market, as well as providing its customers with logistics capabilities and services. It operates through the segment of distributing technology products, logistics management and other value-added services.
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