TD Synnex Corp [SNX] stock prices are up 1.18% to $113.02 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SNX shares have lost -2.83% over the last week, with a monthly amount glided 9.09%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
TD Synnex Corp [NYSE: SNX] stock has seen the most recent analyst activity on April 16, 2024, when UBS upgraded its rating to a Buy and also boosted its price target to $145 from $115. Previously, JP Morgan downgraded its rating to Neutral on January 08, 2024, and elevated its price target to $113. On November 22, 2023, UBS initiated with a Neutral rating and assigned a price target of $105 on the stock. Goldman started tracking the stock assigning a Buy rating and suggested a price target of $101 on May 01, 2023. Barclays initiated its recommendation with a Equal Weight and recommended $109 as its price target on February 15, 2023. RBC Capital Mkts started tracking with a Sector Perform rating for this stock on October 04, 2022, and assigned it a price target of $95. In a note dated August 17, 2022, Credit Suisse initiated an Neutral rating and provided a target price of $115 on this stock.
The stock price of TD Synnex Corp [SNX] has been fluctuating between $86.30 and $119.87 over the past year. Currently, Wall Street analysts expect the stock to reach $135.75 within the next 12 months. TD Synnex Corp [NYSE: SNX] shares were valued at $113.02 at the most recent close of the market. An investor can expect a potential return of 20.11% based on the average SNX price forecast.
Analyzing the SNX fundamentals
The TD Synnex Corp [NYSE:SNX] reported sales of 56.41B for trailing twelve months, representing a drop of -7.60%. Gross Profit Margin for this corporation currently stands at 0.07% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at 0.01%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.08 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.49.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 111.72 points at the first support level, and at 110.42 for the second support level. However, for the 1st resistance point, the stock is sitting at 115.33, and for the 2nd resistance point, it is at 117.64.
Ratios To Look Out For
It’s worth pointing out that TD Synnex Corp [NYSE:SNX]’s Current Ratio is 1.22. In addition, the Quick Ratio stands at 0.75 and the Cash Ratio stands at 0.07. Considering the valuation of this stock, the price to sales ratio is 0.17, the price to book ratio is 1.21 and price to earnings (TTM) ratio is 16.40.
Transactions by insiders
Recent insider trading involved POLK DENNIS, Head of Hyve Solutions, that happened on Apr 08 ’24 when 20000.0 shares were sold. Chief Executive Officer, HUME RICHARD T completed a deal on Mar 04 ’24 to sell 10000.0 shares. Meanwhile, Chief Executive Officer HUME RICHARD T sold 10000.0 shares on Feb 20 ’24.
