Royal Bank Of Canada Issues Positive Forecast for TD SYNNEX (NYSE:SNX) Stock Price

TD SYNNEX (NYSE:SNX) had its target price boosted by Royal Bank Of Canada from $180.00 to $210.00 in a report released on Wednesday morning,Benzinga reports. Royal Bank Of Canada currently has an outperform rating on the business services provider’s stock.

A number of other analysts also recently weighed in on the company. Wall Street Zen upgraded TD SYNNEX from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Weiss Ratings reiterated a “buy (b-)” rating on shares of TD SYNNEX in a research report on Wednesday, January 21st. Zacks Research lowered shares of TD SYNNEX from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th. Morgan Stanley upped their price objective on shares of TD SYNNEX from $172.00 to $174.00 and gave the company an “overweight” rating in a research note on Friday, March 20th. Finally, The Goldman Sachs Group assumed coverage on shares of TD SYNNEX in a report on Tuesday, January 13th. They set a “buy” rating and a $180.00 target price on the stock. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $180.50.

TD SYNNEX Stock Up 10.4%

SNX opened at $186.22 on Wednesday. The stock has a market cap of $15.01 billion, a PE ratio of 15.48, a P/E/G ratio of 1.21 and a beta of 1.22. The company has a quick ratio of 0.75, a current ratio of 1.22 and a debt-to-equity ratio of 0.41. TD SYNNEX has a 52 week low of $92.23 and a 52 week high of $186.51. The business’s fifty day simple moving average is $159.91 and its 200 day simple moving average is $155.50.

TD SYNNEX (NYSE:SNX) last issued its quarterly earnings results on Tuesday, March 31st. The business services provider reported $4.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.24 by $1.49. TD SYNNEX had a return on equity of 14.03% and a net margin of 1.52%.The firm had revenue of $17.16 billion during the quarter, compared to analyst estimates of $15.59 billion. During the same quarter in the previous year, the company posted $2.80 earnings per share. The company’s revenue was up 18.1% compared to the same quarter last year. As a group, research analysts expect that TD SYNNEX will post 11.88 earnings per share for the current fiscal year.

TD SYNNEX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 29th. Investors of record on Wednesday, April 15th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a $1.92 dividend on an annualized basis and a yield of 1.0%. TD SYNNEX’s dividend payout ratio (DPR) is presently 15.96%.

Insider Transactions at TD SYNNEX

In related news, Director Merline Saintil sold 167 shares of TD SYNNEX stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $157.75, for a total transaction of $26,344.25. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard T. Hume sold 23,365 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $160.63, for a total transaction of $3,753,119.95. Following the transaction, the director owned 42,515 shares in the company, valued at $6,829,184.45. This represents a 35.47% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 80,915 shares of company stock valued at $13,111,786. Company insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On TD SYNNEX

Several institutional investors and hedge funds have recently added to or reduced their stakes in SNX. Virtu Financial LLC lifted its holdings in shares of TD SYNNEX by 25.3% during the 4th quarter. Virtu Financial LLC now owns 2,008 shares of the business services provider’s stock valued at $302,000 after buying an additional 405 shares during the period. Invesco Ltd. lifted its stake in shares of TD SYNNEX by 5.3% in the 4th quarter. Invesco Ltd. now owns 741,328 shares of the business services provider’s stock worth $111,370,000 after purchasing an additional 37,305 shares during the period. Mercer Global Advisors Inc. ADV boosted its holdings in shares of TD SYNNEX by 230.4% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 6,490 shares of the business services provider’s stock worth $975,000 after buying an additional 4,526 shares during the last quarter. Vident Advisory LLC grew its position in TD SYNNEX by 28.2% during the fourth quarter. Vident Advisory LLC now owns 34,926 shares of the business services provider’s stock valued at $5,247,000 after buying an additional 7,687 shares during the period. Finally, EP Wealth Advisors LLC bought a new stake in TD SYNNEX during the fourth quarter valued at approximately $760,000. Hedge funds and other institutional investors own 84.00% of the company’s stock.

Key Stories Impacting TD SYNNEX

Here are the key news stories impacting TD SYNNEX this week:

• Positive Sentiment: Blowout Q1 beat — SNX reported record fiscal Q1 results: revenue $17.16B (+18.1% Y/Y) and non‑GAAP EPS $4.73, well above estimates, and issued Q2 guidance that implied continuing momentum. This is the primary catalyst for the intraday rally. QuiverQuant: TD SYNNEX jumps after blowout fiscal Q1 results and upbeat outlook
• Positive Sentiment: AI/cloud tailwinds highlighted — Management tied strength to hyperscaler and enterprise demand, specifically AI infrastructure and cloud solutions, supporting higher-margin services and distribution growth. Zacks: Q1 Earnings Crush Estimates
• Positive Sentiment: Dividend declared — Company announced a quarterly dividend of $0.48/share (annualized yield ≈1.0%), modestly supportive for income‑oriented holders.
• Positive Sentiment: New channel partnership — TD SYNNEX added a FatPipe SD‑WAN/cybersecurity partnership, expanding solution set for enterprise customers. PR Newswire: FatPipe partnership
• Neutral Sentiment: JPMorgan raised its price target to $185 but kept a “neutral” rating — a modest signal (target roughly in line with the current level) that tempers a full bullish re‑rating. Benzinga: JPMorgan raises PT
• Neutral Sentiment: Analysts remain mixed — recent coverage highlights conflicting views on valuation and near‑term cadence despite strong Q1 results. Globe and Mail: Analysts Conflicted
• Negative Sentiment: Barclays raised its target to $166 but kept an “equal weight” rating — the target implies a material downside versus current levels and reflects continued analyst caution on upside beyond the near term. TickerReport: Barclays raises PT
• Negative Sentiment: Significant insider and institutional selling flagged — filings and data show notable insider sales and some large fund reductions in recent quarters, which could weigh on sentiment if sustained. QuiverQuant: insider & hedge fund activity

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.