Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Tech Data (TECD) Stock Price
News headlines about Tech Data (NASDAQ:TECD) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tech Data earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave news stories about the company an impact score of 46.1467884723901 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
A number of analysts have commented on the stock. ValuEngine lowered shares of Tech Data from a “buy” rating to a “hold” rating in a report on Monday, September 18th. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 target price (down previously from $107.00) on shares of Tech Data in a report on Monday, September 18th. Citigroup reaffirmed a “hold” rating and set a $110.00 target price on shares of Tech Data in a report on Tuesday, November 28th. Raymond James Financial reaffirmed a “hold” rating on shares of Tech Data in a report on Tuesday, November 28th. Finally, Zacks Investment Research raised shares of Tech Data from a “sell” rating to a “hold” rating in a report on Friday, October 13th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $112.33.
Tech Data (NASDAQ TECD) traded down $0.18 on Thursday, reaching $97.67. 138,500 shares of the company’s stock were exchanged, compared to its average volume of 437,429. The company has a quick ratio of 0.89, a current ratio of 1.35 and a debt-to-equity ratio of 0.66. Tech Data has a 12-month low of $81.42 and a 12-month high of $111.10. The firm has a market cap of $3,750.00, a price-to-earnings ratio of 18.64, a PEG ratio of 0.50 and a beta of 0.78.
Tech Data (NASDAQ:TECD) last announced its quarterly earnings results on Monday, November 27th. The company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.10. Tech Data had a net margin of 0.59% and a return on equity of 11.90%. The company had revenue of $9.14 billion during the quarter, compared to analyst estimates of $9.10 billion. During the same quarter in the previous year, the business earned $1.44 EPS. The firm’s revenue was up 40.8% on a year-over-year basis. equities analysts forecast that Tech Data will post 9.14 earnings per share for the current fiscal year.
In other news, COO Richard T. Hume sold 3,100 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $98.06, for a total value of $303,986.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.60% of the stock is owned by insiders.
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About Tech Data
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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