TD SYNNEX (NYSE:SNX) Stock Rating Upgraded by Zacks Research

TD SYNNEX (NYSE:SNX) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday, Zacks reports.

A number of other brokerages have also weighed in on SNX. Royal Bank Of Canada set a $340.00 target price on shares of TD SYNNEX in a research note on Friday, June 26th. The Goldman Sachs Group set a $330.00 price objective on TD SYNNEX in a report on Friday, June 26th. Morgan Stanley upped their price objective on TD SYNNEX from $334.00 to $359.00 and gave the company an “overweight” rating in a research report on Friday, September 25th. UBS Group increased their target price on TD SYNNEX from $352.00 to $379.00 and gave the company a “buy” rating in a report on Friday, September 25th. Finally, Barclays raised their target price on TD SYNNEX from $278.00 to $287.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 8th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $331.14.

TD SYNNEX Stock Performance

Shares of SNX stock opened at $257.37 on Tuesday. The company has a quick ratio of 0.64, a current ratio of 1.19 and a debt-to-equity ratio of 0.39. The company has a 50 day moving average price of $258.00 and a 200-day moving average price of $240.13. TD SYNNEX has a 52 week low of $142.22 and a 52 week high of $298.77. The firm has a market capitalization of $20.58 billion, a PE ratio of 15.68, a P/E/G ratio of 0.59 and a beta of 1.43.

TD SYNNEX (NYSE:SNX) last issued its quarterly earnings data on Thursday, September 24th. The business services provider reported $5.68 earnings per share for the quarter, beating analysts’ consensus estimates of $4.70 by $0.98. TD SYNNEX had a net margin of 1.75% and a return on equity of 16.78%. The company had revenue of $21.56 billion for the quarter, compared to the consensus estimate of $18.91 billion. During the same quarter in the prior year, the firm earned $3.58 earnings per share. The firm’s revenue for the quarter was up 37.7% compared to the same quarter last year. TD SYNNEX has set its Q4 2026 guidance at 5.650-6.150 EPS. As a group, equities research analysts expect that TD SYNNEX will post 19.89 earnings per share for the current year.

Insiders Place Their Bets

In other TD SYNNEX news, Director Ann Vezina sold 1,273 shares of the stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $256.05, for a total transaction of $325,951.65. Following the completion of the transaction, the director owned 5,828 shares of the company’s stock, valued at $1,492,259.40. This represents a 17.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard Hume sold 5,000 shares of the stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $242.97, for a total value of $1,214,850.00. Following the transaction, the director directly owned 18,537 shares of the company’s stock, valued at approximately $4,503,934.89. The trade was a 21.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 11,273 shares of company stock valued at $2,851,852. 0.70% of the stock is owned by company insiders.

Institutional Trading of TD SYNNEX

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. QRG Capital Management Inc. raised its holdings in shares of TD SYNNEX by 5.1% in the second quarter. QRG Capital Management Inc. now owns 2,878 shares of the business services provider’s stock worth $770,000 after buying an additional 140 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of TD SYNNEX by 11.1% during the second quarter. Sequoia Financial Advisors LLC now owns 5,572 shares of the business services provider’s stock valued at $1,490,000 after buying an additional 555 shares during the last quarter. Capital Analysts LLC grew its holdings in shares of TD SYNNEX by 10.9% during the second quarter. Capital Analysts LLC now owns 598 shares of the business services provider’s stock valued at $160,000 after buying an additional 59 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC acquired a new position in shares of TD SYNNEX in the 2nd quarter valued at $248,000. Finally, Baird Financial Group Inc. acquired a new position in shares of TD SYNNEX in the 2nd quarter valued at $350,000. 84.00% of the stock is owned by hedge funds and other institutional investors.

About TD SYNNEX

TD SYNNEX Corporation is a global technology distributor and solutions aggregator that connects technology vendors with resellers, systems integrators, managed service providers and other channel partners. The company helps bring hardware, software and cloud-based solutions to market while supporting partners with sales, marketing, logistics, financing and technical services.

Its portfolio includes data center and networking equipment, personal computing and endpoint devices, software, cybersecurity products, cloud services, unified communications, mobility solutions and emerging technologies.