TD SYNNEX (NYSE:SNX) Stock Rating Upgraded by StockNews.com

TD SYNNEX (NYSE:SNX) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

Several other brokerages have also weighed in on SNX. Barclays lifted their price target on TD SYNNEX from $132.00 to $148.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. Cfra upgraded TD SYNNEX from a “hold” rating to a “buy” rating and boosted their price objective for the company from $122.00 to $147.00 in a research report on Friday, January 10th. Royal Bank of Canada upped their price objective on shares of TD SYNNEX from $140.00 to $165.00 and gave the stock an “outperform” rating in a research report on Friday, February 21st. Finally, JPMorgan Chase & Co. boosted their target price on shares of TD SYNNEX from $135.00 to $150.00 and gave the stock a “neutral” rating in a research note on Monday, January 13th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, TD SYNNEX has a consensus rating of “Moderate Buy” and a consensus target price of $147.50.

TD SYNNEX Stock Up 2.5 %

SNX stock opened at $132.13 on Tuesday. TD SYNNEX has a one year low of $102.77 and a one year high of $145.10. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.76 and a current ratio of 1.24. The firm’s fifty day moving average is $137.34 and its 200 day moving average is $125.26. The firm has a market cap of $11.15 billion, a PE ratio of 16.60, a P/E/G ratio of 1.06 and a beta of 1.51.

Insider Buying and Selling at TD SYNNEX

In related news, Director Ann F. Vezina sold 839 shares of the stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $136.08, for a total transaction of $114,171.12. Following the completion of the transaction, the director now owns 4,856 shares of the company’s stock, valued at approximately $660,804.48. This trade represents a 14.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Richard T. Hume sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $117.62, for a total value of $2,352,400.00. Following the completion of the sale, the director now directly owns 111,080 shares in the company, valued at approximately $13,065,229.60. The trade was a 15.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 49,172 shares of company stock worth $6,353,261 in the last three months. 1.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On TD SYNNEX

Several institutional investors and hedge funds have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its position in shares of TD SYNNEX by 11.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,008 shares of the business services provider’s stock worth $822,000 after acquiring an additional 708 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of TD SYNNEX in the 4th quarter valued at approximately $6,167,000. Forum Financial Management LP raised its holdings in shares of TD SYNNEX by 10.0% in the 4th quarter. Forum Financial Management LP now owns 2,514 shares of the business services provider’s stock valued at $295,000 after purchasing an additional 229 shares in the last quarter. Vise Technologies Inc. purchased a new stake in shares of TD SYNNEX during the 4th quarter worth $276,000. Finally, CSS LLC IL grew its stake in shares of TD SYNNEX by 11.7% during the fourth quarter. CSS LLC IL now owns 11,896 shares of the business services provider’s stock worth $1,395,000 after purchasing an additional 1,250 shares in the last quarter. Hedge funds and other institutional investors own 84.00% of the company’s stock.

TD SYNNEX Company Profile

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.