Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Tech Data (TECD) Stock Price

News headlines about Tech Data (NASDAQ:TECD) have been trending somewhat positive recently, Accern reports. The research firm rates the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Tech Data earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave news stories about the company an impact score of 46.8243594770688 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the news stories that may have impacted Accern’s rankings:

Shares of Tech Data (TECD) traded up $0.78 on Thursday, hitting $96.12. 334,312 shares of the stock traded hands, compared to its average volume of 447,506. The company has a market cap of $3,680.00, a PE ratio of 11.85, a P/E/G ratio of 0.48 and a beta of 0.78. Tech Data has a one year low of $81.42 and a one year high of $111.10. The company has a quick ratio of 0.89, a current ratio of 1.35 and a debt-to-equity ratio of 0.66.

Tech Data (NASDAQ:TECD) last issued its quarterly earnings results on Monday, November 27th. The company reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.10. The company had revenue of $9.14 billion during the quarter, compared to analysts’ expectations of $9.10 billion. Tech Data had a net margin of 0.59% and a return on equity of 11.90%. The business’s quarterly revenue was up 40.8% on a year-over-year basis. During the same period last year, the business earned $1.44 EPS. equities research analysts forecast that Tech Data will post 9.14 EPS for the current year.

Several analysts have commented on the stock. Citigroup restated a “hold” rating and set a $100.00 target price on shares of Tech Data in a report on Friday, September 1st. ValuEngine upgraded shares of Tech Data from a “hold” rating to a “buy” rating in a report on Wednesday, November 29th. Needham & Company LLC restated a “buy” rating and set a $100.00 target price (down from $107.00) on shares of Tech Data in a report on Monday, September 18th. Raymond James Financial restated a “hold” rating on shares of Tech Data in a report on Tuesday, November 28th. Finally, Loop Capital restated a “buy” rating and set a $120.00 target price (down from $130.00) on shares of Tech Data in a report on Friday, September 1st. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $112.33.

In other news, COO Richard T. Hume sold 3,100 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $98.06, for a total transaction of $303,986.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is owned by company insiders.

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Tech Data Company Profile

Tech Data Corporation is a wholesale distributor of technology products. The Company serves as a link in the technology supply chain by bringing products from the technology vendors to market, as well as providing its customers with logistics capabilities and services. It operates through the segment of distributing technology products, logistics management and other value-added services.

Insider Buying and Selling by Quarter for Tech Data (NASDAQ:TECD)

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