At the time of writing, TD Synnex Corp [SNX] stock is trading at $117.16, down -1.69%. An important factor to consider is whether the stock is rising or falling in short-term value. The SNX shares have gain 0.90% over the last week, with a monthly amount glided 4.23%, 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 July 15, 2024, when RBC Capital Mkts upgraded its rating to a Outperform and also boosted its price target to $140 from $135. Previously, UBS upgraded its rating to Buy on April 16, 2024, and elevated its price target to $145. On January 08, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $113 on the stock. UBS started tracking the stock assigning a Neutral rating and suggested a price target of $105 on November 22, 2023. Goldman initiated its recommendation with a Buy and recommended $101 as its price target on May 01, 2023. Barclays started tracking with a Equal Weight rating for this stock on February 15, 2023, and assigned it a price target of $109. In a note dated October 04, 2022, RBC Capital Mkts initiated an Sector Perform rating and provided a target price of $95 on this stock.
For the past year, the stock price of TD Synnex Corp fluctuated between $89.73 and $133.85. Currently, Wall Street analysts expect the stock to reach $142.5 within the next 12 months. TD Synnex Corp [NYSE: SNX] shares were valued at $117.16 at the most recent close of the market. An investor can expect a potential return of 21.63% based on the average SNX price forecast.
Analyzing the SNX fundamentals
According to TD Synnex Corp [NYSE:SNX], the company’s sales were 56.29B for trailing twelve months, which represents an -0.81% plunge. 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 0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.58.
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 115.26 points at the first support level, and at 113.36 for the second support level. However, for the 1st resistance point, the stock is sitting at 120.19, and for the 2nd resistance point, it is at 123.22.
Ratios To Look Out For
It is important to note that TD Synnex Corp [NYSE:SNX] has a current ratio of 1.26. On the other hand, the Quick Ratio is 0.78, and the Cash Ratio is 0.08. Considering the valuation of this stock, the price to sales ratio is 0.18, the price to book ratio is 1.25 and price to earnings (TTM) ratio is 16.41.
Transactions by insiders
Recent insider trading involved MERLINE SAINTIL, Director, that happened on Jul 31 ’24 when 234.0 shares were purchased. Director, Saintil Merline completed a deal on Jul 31 ’24 to sell 117.0 shares. Meanwhile, Chief Operating Officer Zammit Patrick sold 3513.0 shares on Jul 12 ’24.
