TD SYNNEX (NYSE:SNX) Earns “Outperform” Rating from Barrington Research

TD SYNNEX (NYSE:SNX)‘s stock had its “outperform” rating reiterated by equities researchers at Barrington Research in a research report issued to clients and investors on Friday,Benzinga reports. They currently have a $182.00 price objective on the business services provider’s stock. Barrington Research’s price objective points to a potential upside of 14.72% from the company’s current price.

Several other research firms also recently issued reports on SNX. The Goldman Sachs Group started coverage on TD SYNNEX in a report on Tuesday, January 13th. They set a “buy” rating and a $180.00 price objective on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of TD SYNNEX in a research note on Wednesday, January 21st. UBS Group upped their price target on TD SYNNEX from $187.00 to $193.00 and gave the company a “buy” rating in a research note on Friday, January 9th. Barclays decreased their price target on TD SYNNEX from $164.00 to $163.00 and set an “equal weight” rating on the stock in a report on Friday, January 9th. Finally, Wall Street Zen upgraded TD SYNNEX from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $170.82.

TD SYNNEX Price Performance

NYSE:SNX traded down $1.00 during trading hours on Friday, reaching $158.64. The company had a trading volume of 266,234 shares, compared to its average volume of 715,114. The company has a quick ratio of 0.75, a current ratio of 1.21 and a debt-to-equity ratio of 0.43. The stock has a 50-day moving average of $158.39 and a two-hundred day moving average of $155.00. TD SYNNEX has a one year low of $92.23 and a one year high of $175.56. The firm has a market capitalization of $12.79 billion, a PE ratio of 15.91, a PEG ratio of 1.17 and a beta of 1.37.

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

Insider Activity

In related news, CEO Patrick Zammit sold 13,900 shares of the company’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $171.57, for a total value of $2,384,823.00. Following the completion of the sale, the chief executive officer owned 170,928 shares in the company, valued at approximately $29,326,116.96. This represents a 7.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Merline Saintil sold 167 shares of the stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $157.75, for a total value of $26,344.25. Following the completion of the transaction, the director directly owned 6,995 shares in the company, valued at $1,103,461.25. The trade was a 2.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 80,915 shares of company stock valued at $13,111,786 in the last 90 days. 0.70% of the stock is owned by company insiders.

Institutional Trading of TD SYNNEX

Hedge funds have recently added to or reduced their stakes in the business. Federated Hermes Inc. boosted its stake in shares of TD SYNNEX by 1.8% in the second 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 during the period. Thrivent Financial for Lutherans increased its stake in TD SYNNEX by 7.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 992,779 shares of the business services provider’s stock worth $162,568,000 after acquiring an additional 71,249 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in TD SYNNEX by 16.4% in the 3rd 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. Asset Management One Co. Ltd. acquired a new position in TD SYNNEX in the 3rd quarter valued at $1,701,000. Finally, Envestnet Asset Management Inc. lifted its position in shares of TD SYNNEX by 11.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 82,977 shares of the business services provider’s stock valued at $13,587,000 after acquiring an additional 8,264 shares during the period. 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.