TD SYNNEX Corporation (NYSE:SNX) Stock Has Average Target Price of $331.14 According to Analysts

TD SYNNEX Corporation (NYSE:SNX) has received an average rating of “Buy” from the nine analysts that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $331.14.

A number of analysts have recently issued reports on SNX shares. Barrington Research lifted their price objective on shares of TD SYNNEX from $202.00 to $325.00 and gave the stock an “outperform” rating in a report on Friday, June 26th. Weiss Ratings upgraded shares of TD SYNNEX from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 8th. Royal Bank Of Canada set a $340.00 price target on TD SYNNEX in a research report on Friday, June 26th. UBS Group boosted their price objective on shares of TD SYNNEX from $352.00 to $379.00 and gave the company a “buy” rating in a research report on Friday, September 25th. Finally, Barclays boosted their target price on TD SYNNEX from $278.00 to $287.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 8th.

TD SYNNEX Stock Performance

NYSE SNX opened at $248.52 on Tuesday. The stock has a market capitalization of $19.83 billion, a PE ratio of 15.14, a P/E/G ratio of 0.49 and a beta of 1.37. TD SYNNEX has a 1 year low of $142.22 and a 1 year high of $298.77. The company’s 50 day simple moving average is $261.98 and its two-hundred day simple moving average is $250.21. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.19 and a quick ratio of 0.64.

TD SYNNEX (NYSE:SNX) last posted its earnings results on Thursday, September 24th. The business services provider reported $5.68 EPS for the quarter, topping the consensus estimate of $4.70 by $0.98. The business had revenue of $21.56 billion during the quarter, compared to analysts’ expectations of $18.91 billion. TD SYNNEX had a return on equity of 16.78% and a net margin of 1.75%. The firm’s revenue was up 37.7% on a year-over-year basis. During the same period in the previous year, the business earned $3.58 earnings per share. TD SYNNEX has set its Q4 2026 guidance at 5.650-6.150 EPS. Analysts predict that TD SYNNEX will post 20.35 earnings per share for the current fiscal year.

TD SYNNEX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be given a $0.48 dividend. The ex-dividend date of this dividend is Friday, October 16th. This represents a $1.92 annualized dividend and a dividend yield of 0.8%. TD SYNNEX’s dividend payout ratio is currently 11.70%.

Insiders Place Their Bets

In other TD SYNNEX news, Director Ann Vezina sold 1,273 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was 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 approximately $1,492,259.40. This trade represents a 17.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Richard Hume sold 5,000 shares of TD SYNNEX stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $262.21, for a total transaction of $1,311,050.00. Following the transaction, the director directly owned 13,537 shares of the company’s stock, valued at approximately $3,549,536.77. This trade represents a 26.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On TD SYNNEX

Large investors have recently bought and sold shares of the business. IFP Advisors Inc grew its stake in shares of TD SYNNEX by 178.0% in the third quarter. IFP Advisors Inc now owns 1,073 shares of the business services provider’s stock worth $276,000 after acquiring an additional 687 shares during the period. Counterpoint Mutual Funds LLC purchased a new stake in shares of TD SYNNEX in the 3rd quarter worth $278,000. USA Financial Formulas purchased a new stake in TD SYNNEX in the third quarter worth about $185,000. Vontobel Holding Ltd. purchased a new stake in TD SYNNEX in the 3rd quarter worth approximately $231,000. Finally, Pension & Wealth Management Advisors Inc. purchased a new stake in shares of TD SYNNEX in the third quarter worth $114,000. 84.00% of the stock is currently owned by institutional investors.

About TD SYNNEX

TD SYNNEX Corporation (NYSE: SNX) is a global technology distributor and solutions aggregator. The company connects technology vendors with resellers, systems integrators, managed service providers, retailers and other channel partners, helping them market, sell, deploy and support technology products and services.

Its offerings include personal computing and endpoint devices, servers, data-center and networking equipment, software, cloud solutions, cybersecurity products, and related professional and managed services.