TD SYNNEX (NYSE:SNX) Stock Rating Lowered by Wall Street Zen

TD SYNNEX (NYSE:SNX) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Sunday.

Other analysts also recently issued reports about the company. Morgan Stanley cut their target price on TD SYNNEX from $177.00 to $172.00 and set an “overweight” rating for the company in a research report on Friday, January 9th. Barclays cut their price objective on shares of TD SYNNEX from $164.00 to $163.00 and set an “equal weight” rating for the company in a research report on Friday, January 9th. Royal Bank Of Canada reissued an “outperform” rating on shares of TD SYNNEX in a report on Monday, December 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of TD SYNNEX in a research report on Wednesday, January 21st. Finally, Barrington Research reissued an “outperform” rating and issued a $182.00 price objective on shares of TD SYNNEX in a research note on Friday, January 9th. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $170.64.

TD SYNNEX Price Performance

TD SYNNEX stock opened at $155.49 on Friday. TD SYNNEX has a 12 month low of $92.23 and a 12 month high of $167.76. The stock’s 50 day moving average is $151.75 and its 200-day moving average is $151.02. The company has a current ratio of 1.21, a quick ratio of 0.75 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $12.66 billion, a price-to-earnings ratio of 15.60, a PEG ratio of 1.10 and a beta of 1.37.

TD SYNNEX (NYSE:SNX) last issued its quarterly earnings data on Thursday, January 8th. The business services provider reported $3.83 EPS for the quarter, beating analysts’ consensus estimates of $3.68 by $0.15. The firm had revenue of $17.38 billion for the quarter, compared to analyst estimates of $15.46 billion. TD SYNNEX had a return on equity of 12.60% and a net margin of 1.32%.The company’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the prior year, the firm posted $3.09 EPS. TD SYNNEX has set its Q1 2026 guidance at 3.000-3.500 EPS. Equities research analysts expect that TD SYNNEX will post 11.88 EPS for the current year.

Insider Buying and Selling at TD SYNNEX

In related news, Director Richard T. Hume sold 5,000 shares of TD SYNNEX stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $153.77, for a total value of $768,850.00. Following the transaction, the director directly owned 47,515 shares of the company’s stock, valued at $7,306,381.55. The trade was a 9.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Miriam Anne Murphy sold 1,673 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $156.49, for a total value of $261,807.77. Following the completion of the sale, the insider owned 16,529 shares in the company, valued at $2,586,623.21. The trade was a 9.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 17,177 shares of company stock worth $2,638,371. 1.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On TD SYNNEX

Several institutional investors and hedge funds have recently made changes to their positions in the business. Federated Hermes Inc. increased its position in TD SYNNEX by 1.8% in the 2nd quarter. Federated Hermes Inc. now owns 215,390 shares of the business services provider’s stock valued at $29,228,000 after buying an additional 3,736 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. acquired a new stake in TD SYNNEX in the second quarter valued at approximately $3,452,000. Curbstone Financial Management Corp acquired a new stake in TD SYNNEX in the second quarter valued at approximately $400,000. Allspring Global Investments Holdings LLC increased its holdings in shares of TD SYNNEX by 16.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 331,743 shares of the business services provider’s stock valued at $54,535,000 after acquiring an additional 46,713 shares in the last quarter. Finally, Praxis Investment Management Inc. acquired a new position in shares of TD SYNNEX during the second quarter worth approximately $228,000. Institutional investors own 84.00% of the company’s stock.

TD SYNNEX Company Profile

TD SYNNEX (NYSE: SNX) is a leading global distributor and solutions aggregator for the information technology industry. Formed in September 2021 through the merger of Tech Data and SYNNEX Corporation, the company provides a comprehensive range of products, services and solutions that span hardware, software, cloud, mobility, security and data center technologies. TD SYNNEX partners with vendors, resellers and system integrators to design, deploy and support IT infrastructures across diverse market segments, including commercial enterprises, public sector organizations and retail operations.

The company’s core business activities include the distribution of technology products from manufacturers such as servers, storage, networking equipment and peripherals, as well as the resale and provisioning of software licenses and cloud-based solutions.