Barclays Increases TD SYNNEX (NYSE:SNX) Price Target to $148.00

TD SYNNEX (NYSE:SNXGet Free Report) had its price target raised by investment analysts at Barclays from $132.00 to $148.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the business services provider’s stock. Barclays‘s price objective would suggest a potential upside of 8.84% from the stock’s previous close.

SNX has been the topic of several other research reports. StockNews.com downgraded TD SYNNEX from a “buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Cfra upgraded shares of TD SYNNEX from a “hold” rating to a “buy” rating and lifted their price objective for the company from $122.00 to $147.00 in a research report on Friday, January 10th. Barrington Research restated an “outperform” rating and set a $138.00 target price on shares of TD SYNNEX in a research report on Monday, September 23rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $140.00 price target on shares of TD SYNNEX in a report on Tuesday, January 7th. Finally, Loop Capital reissued a “buy” rating and set a $150.00 price objective on shares of TD SYNNEX in a report on Monday, October 7th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $144.38.

Read Our Latest Stock Analysis on SNX

TD SYNNEX Trading Up 2.4 %

Shares of TD SYNNEX stock opened at $135.98 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.77 and a current ratio of 1.25. The company has a fifty day moving average of $120.48 and a 200 day moving average of $118.02. The company has a market capitalization of $11.57 billion, a P/E ratio of 17.59, a P/E/G ratio of 1.14 and a beta of 1.46. TD SYNNEX has a fifty-two week low of $98.70 and a fifty-two week high of $136.07.

Insiders Place Their Bets

In other TD SYNNEX news, Director Richard T. Hume sold 20,000 shares of the business’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $117.62, for a total transaction of $2,352,400.00. Following the transaction, the director now owns 111,080 shares in the company, valued at $13,065,229.60. The trade was a 15.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Marshall Witt sold 1,510 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $121.13, for a total transaction of $182,906.30. Following the completion of the sale, the chief financial officer now owns 48,362 shares of the company’s stock, valued at $5,858,089.06. This trade represents a 3.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 47,876 shares of company stock valued at $5,782,129 over the last ninety days. 1.90% of the stock is owned by insiders.

Institutional Trading of TD SYNNEX

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CIBC Asset Management Inc grew its stake in shares of TD SYNNEX by 3.4% during the third quarter. CIBC Asset Management Inc now owns 2,609 shares of the business services provider’s stock valued at $313,000 after buying an additional 86 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in TD SYNNEX by 3.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,727 shares of the business services provider’s stock valued at $315,000 after acquiring an additional 90 shares during the period. AlphaMark Advisors LLC grew its position in TD SYNNEX by 1.3% in the 3rd quarter. AlphaMark Advisors LLC now owns 7,734 shares of the business services provider’s stock valued at $929,000 after acquiring an additional 100 shares during the last quarter. Atria Investments Inc increased its stake in TD SYNNEX by 4.1% in the third quarter. Atria Investments Inc now owns 2,862 shares of the business services provider’s stock worth $344,000 after purchasing an additional 112 shares during the period. Finally, Meixler Investment Management Ltd. lifted its position in shares of TD SYNNEX by 2.1% during the third quarter. Meixler Investment Management Ltd. now owns 5,814 shares of the business services provider’s stock worth $698,000 after purchasing an additional 120 shares during the last quarter. 84.00% of the stock is owned by hedge funds and other institutional investors.

TD SYNNEX Company Profile

(Get Free Report)

TD SYNNEX Corporation operates as a distributor and solutions aggregator for the information technology (IT) ecosystem. The company offers personal computing devices and peripherals, mobile phones and accessories, printers, supplies, and endpoint technology software; and data center technologies, such as hybrid cloud, security, storage, networking, servers, technology software, and converged and hyper-converged infrastructure, as well as computing components.

Further Reading

Analyst Recommendations for TD SYNNEX (NYSE:SNX)

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