TD SYNNEX Corporation (NYSE:SNX) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of TD SYNNEX Corporation (NYSE:SNX) have earned a consensus recommendation of “Moderate Buy” from the ten brokerages that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $294.6667.

A number of analysts have recently issued reports on SNX shares. Royal Bank Of Canada set a $340.00 target price on shares of TD SYNNEX in a research note on Friday, June 26th. JPMorgan Chase & Co. raised shares of TD SYNNEX from a “neutral” rating to an “overweight” rating and set a $298.00 price target on the stock in a report on Wednesday, May 27th. Barclays raised their price objective on shares of TD SYNNEX from $237.00 to $278.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 2nd. Morgan Stanley boosted their price objective on TD SYNNEX from $341.00 to $374.00 and gave the stock an “overweight” rating in a report on Friday, June 26th. Finally, The Goldman Sachs Group set a $330.00 target price on TD SYNNEX in a research report on Friday, June 26th.

TD SYNNEX Trading Down 0.1%

Shares of TD SYNNEX stock opened at $253.62 on Monday. The business has a fifty day simple moving average of $254.85 and a two-hundred day simple moving average of $223.33. TD SYNNEX has a 1 year low of $142.22 and a 1 year high of $296.47. The company has a market capitalization of $20.28 billion, a price-to-earnings ratio of 18.15, a P/E/G ratio of 0.72 and a beta of 1.44. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.20 and a quick ratio of 0.64.

TD SYNNEX (NYSE:SNX) last released its quarterly earnings data on Thursday, June 25th. The business services provider reported $4.85 EPS for the quarter, topping analysts’ consensus estimates of $4.14 by $0.71. TD SYNNEX had a net margin of 1.63% and a return on equity of 15.37%. The firm had revenue of $19.57 billion during the quarter, compared to analysts’ expectations of $16.80 billion. During the same period in the previous year, the business posted $2.99 earnings per share. The company’s revenue for the quarter was up 31.0% compared to the same quarter last year. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. Research analysts forecast that TD SYNNEX will post 18.01 EPS for the current year.

TD SYNNEX Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 17th were paid a $0.48 dividend. The ex-dividend date was Friday, July 17th. This represents a $1.92 annualized dividend and a yield of 0.8%. TD SYNNEX’s payout ratio is 13.74%.

Insiders Place Their Bets

In other TD SYNNEX news, Director Ann F. Vezina sold 1,273 shares of the 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 transaction, the director owned 5,828 shares in the company, valued at $1,492,259.40. This trade represents a 17.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard T. Hume sold 5,000 shares of TD SYNNEX stock in a transaction 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. This represents a 21.24% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 16,273 shares of company stock worth $4,253,752. Insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Bell Investment Advisors Inc acquired a new stake in shares of TD SYNNEX in the second quarter valued at approximately $27,000. Ossiam increased its stake in TD SYNNEX by 84.3% during the 3rd quarter. Ossiam now owns 164 shares of the business services provider’s stock worth $27,000 after acquiring an additional 75 shares during the period. Fiduciary Financial Advisors bought a new position in TD SYNNEX during the 2nd quarter worth $28,000. Aster Capital Management DIFC Ltd acquired a new position in TD SYNNEX in the 4th quarter valued at $28,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in TD SYNNEX in the 3rd quarter valued at $30,000. Institutional investors and hedge funds own 84.00% of the company’s stock.

About TD SYNNEX

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.