TD SYNNEX Corporation (NYSE:SNX) Receives Consensus Recommendation of “Buy” from Analysts

Shares of TD SYNNEX Corporation (NYSE:SNX) have earned a consensus recommendation of “Buy” from the nine research firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $331.14.

Several equities research analysts recently weighed in on the company. UBS Group upped their price target on TD SYNNEX from $352.00 to $379.00 and gave the stock a “buy” rating in a research note on Friday, September 25th. Weiss Ratings restated a “buy (b)” rating on shares of TD SYNNEX in a report on Monday, September 14th. Royal Bank Of Canada set a $340.00 target price on shares of TD SYNNEX in a research report on Friday, June 26th. Barrington Research increased their price target on shares of TD SYNNEX from $202.00 to $325.00 and gave the stock an “outperform” rating in a research note on Friday, June 26th. Finally, The Goldman Sachs Group set a $330.00 price target on shares of TD SYNNEX in a research report on Friday, June 26th.

Insider Activity at TD SYNNEX

In other news, Director Richard Hume sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $242.97, for a total value of $1,214,850.00. Following the sale, the director directly owned 18,537 shares of the company’s stock, valued at $4,503,934.89. The trade was a 21.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ann Vezina sold 1,273 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $256.05, for a total value of $325,951.65. Following the completion of the sale, the director owned 5,828 shares in the company, valued at $1,492,259.40. The trade was a 17.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 11,273 shares of company stock valued at $2,851,852 over the last quarter. Company insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On TD SYNNEX

Several institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. bought a new position in TD SYNNEX in the 2nd quarter worth about $1,958,683,000. Geode Capital Management LLC increased its stake in TD SYNNEX by 6.9% during the 4th quarter. Geode Capital Management LLC now owns 1,532,784 shares of the business services provider’s stock valued at $230,315,000 after purchasing an additional 99,090 shares in the last quarter. Metropolis Capital Ltd raised its holdings in TD SYNNEX by 9.5% in the first quarter. Metropolis Capital Ltd now owns 1,281,307 shares of the business services provider’s stock worth $216,169,000 after buying an additional 111,222 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in TD SYNNEX in the second quarter worth about $149,728,000. Finally, Norges Bank bought a new position in shares of TD SYNNEX in the fourth quarter worth approximately $148,559,000. 84.00% of the stock is currently owned by institutional investors.

TD SYNNEX Stock Performance

Shares of SNX opened at $272.37 on Friday. The company has a 50-day simple moving average of $258.49 and a two-hundred day simple moving average of $240.97. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.19 and a quick ratio of 0.64. The firm has a market capitalization of $21.78 billion, a PE ratio of 16.60, a price-to-earnings-growth ratio of 0.59 and a beta of 1.37. TD SYNNEX has a one year low of $142.22 and a one year high of $298.77.

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

TD SYNNEX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Friday, October 16th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.7%. TD SYNNEX’s dividend payout ratio (DPR) is currently 11.70%.

TD SYNNEX Company Profile

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.