Wall Street Zen Upgrades TD SYNNEX (NYSE:SNX) to Buy

TD SYNNEX (NYSE:SNX) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

SNX has been the topic of a number of other reports. Zacks Research cut TD SYNNEX from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 15th. Weiss Ratings reiterated a “buy (b-)” rating on shares of TD SYNNEX in a research report on Wednesday, October 8th. UBS Group upped their target price on shares of TD SYNNEX from $187.00 to $193.00 and gave the stock a “buy” rating in a research report on Friday, January 9th. Royal Bank Of Canada restated an “outperform” rating on shares of TD SYNNEX in a research note on Monday, December 22nd. Finally, Barrington Research reiterated an “outperform” rating and set a $182.00 price objective on shares of TD SYNNEX in a research report on Friday, January 9th. Nine research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $170.64.

TD SYNNEX Stock Performance

Shares of NYSE SNX opened at $150.05 on Friday. 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 firm’s 50-day moving average price is $151.68 and its two-hundred day moving average price is $150.58. TD SYNNEX has a 52-week low of $92.23 and a 52-week high of $167.76. The stock has a market capitalization of $12.22 billion, a P/E ratio of 15.05, a P/E/G ratio of 1.08 and a beta of 1.37.

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

Insider Activity at TD SYNNEX

In related news, Director Richard T. Hume sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $153.77, for a total transaction of $768,850.00. Following the sale, the director owned 47,515 shares of the company’s stock, valued at $7,306,381.55. The trade was a 9.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Alim Dhanji sold 1,762 shares of the stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $154.55, for a total value of $272,317.10. Following the transaction, the insider directly owned 13,426 shares of the company’s stock, valued at approximately $2,074,988.30. The trade was a 11.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 18,939 shares of company stock worth $2,910,688 over the last ninety days. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On TD SYNNEX

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Dorato Capital Management bought a new position in shares of TD SYNNEX during the 4th quarter valued at about $27,000. Ossiam lifted its stake in TD SYNNEX by 84.3% during the third quarter. Ossiam now owns 164 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 75 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new stake in TD SYNNEX during the third quarter worth approximately $30,000. Brown Brothers Harriman & Co. grew its position in TD SYNNEX by 675.9% in the third quarter. Brown Brothers Harriman & Co. now owns 225 shares of the business services provider’s stock worth $37,000 after buying an additional 196 shares during the last quarter. Finally, Root Financial Partners LLC bought a new position in shares of TD SYNNEX in the third quarter valued at $42,000. 84.00% of the stock is currently owned by institutional investors.

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.