Barrington Research Reaffirms “Outperform” Rating for TD SYNNEX (NYSE:SNX)

TD SYNNEX (NYSE:SNX)‘s stock had its “outperform” rating reiterated by equities research analysts at Barrington Research in a research note issued on Friday,Benzinga reports. They presently have a $182.00 target price on the business services provider’s stock. Barrington Research’s target price would indicate a potential upside of 15.70% from the stock’s current price.

A number of other research firms also recently weighed in on SNX. The Goldman Sachs Group initiated coverage on shares of TD SYNNEX in a research report on Tuesday, January 13th. They issued a “buy” rating and a $180.00 target price for the company. Morgan Stanley boosted their price target on shares of TD SYNNEX from $172.00 to $174.00 and gave the stock an “overweight” rating in a research report on Friday, March 20th. UBS Group increased their price objective on shares of TD SYNNEX from $187.00 to $193.00 and gave the stock a “buy” rating in a research note on Friday, January 9th. Barclays lowered their target price on TD SYNNEX from $164.00 to $163.00 and set an “equal weight” rating on the stock in a research report on Friday, January 9th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of TD SYNNEX in a report on Monday, December 22nd. Eight 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 presently has an average rating of “Moderate Buy” and a consensus price target of $174.70.

TD SYNNEX Stock Down 1.5%

TD SYNNEX stock opened at $157.31 on Friday. The firm has a market capitalization of $12.68 billion, a price-to-earnings ratio of 15.78, a PEG ratio of 1.13 and a beta of 1.37. The company’s 50 day simple moving average is $158.54 and its 200 day simple moving average is $155.09. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.21 and a quick ratio of 0.75. TD SYNNEX has a fifty-two week low of $92.23 and a fifty-two week high of $175.56.

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

Insider Buying and Selling at TD SYNNEX

In related news, Director Merline Saintil sold 167 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $157.75, for a total value of $26,344.25. Following the transaction, the director owned 6,995 shares in the company, valued at approximately $1,103,461.25. This represents a 2.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard T. Hume sold 25,000 shares of the stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $160.67, for a total transaction of $4,016,750.00. Following the completion of the transaction, the director directly owned 47,515 shares in the company, valued at approximately $7,634,235.05. This represents a 34.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 80,915 shares of company stock worth $13,111,786 over the last ninety days. Insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On TD SYNNEX

A number of institutional investors have recently made changes to their positions in SNX. Federated Hermes Inc. increased its position in TD SYNNEX by 1.8% during the 2nd quarter. Federated Hermes Inc. now owns 215,390 shares of the business services provider’s stock worth $29,228,000 after buying an additional 3,736 shares during the period. Thrivent Financial for Lutherans boosted its position in shares of TD SYNNEX by 7.7% in the third quarter. Thrivent Financial for Lutherans now owns 992,779 shares of the business services provider’s stock valued at $162,568,000 after acquiring an additional 71,249 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of TD SYNNEX by 16.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 331,743 shares of the business services provider’s stock valued at $54,535,000 after acquiring an additional 46,713 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of TD SYNNEX by 11.1% in the third quarter. Envestnet Asset Management Inc. now owns 82,977 shares of the business services provider’s stock valued at $13,587,000 after acquiring an additional 8,264 shares in the last quarter. Finally, Asset Management One Co. Ltd. bought a new position in TD SYNNEX during the third quarter worth about $1,701,000. Institutional investors own 84.00% of the company’s stock.

TD SYNNEX Company Profile

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.