TD SYNNEX (NYSE:SNX) Price Target Raised to $165.00 at Royal Bank of Canada

TD SYNNEX (NYSE:SNX) had its target price boosted by stock analysts at Royal Bank of Canada from $140.00 to $165.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “outperform” rating on the business services provider’s stock. Royal Bank of Canada’s target price suggests a potential upside of 16.07% from the stock’s current price.

SNX has been the subject of several other reports. StockNews.com upgraded shares of TD SYNNEX from a “hold” rating to a “buy” rating in a report on Saturday, February 15th. Cfra upgraded shares of TD SYNNEX from a “hold” rating to a “buy” rating and increased their price target for the stock from $122.00 to $147.00 in a research note on Friday, January 10th. Barclays increased their price target on shares of TD SYNNEX from $132.00 to $148.00 and gave the stock an “equal weight” rating in a research note on Monday, January 13th. Finally, JPMorgan Chase & Co. increased their price target 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 issued a buy rating to the stock. Based on data from MarketBeat, TD SYNNEX presently has an average rating of “Moderate Buy” and a consensus target price of $147.50.

TD SYNNEX Trading Down 0.8 %

NYSE:SNX traded down $1.15 during midday trading on Friday, reaching $142.16. 59,006 shares of the stock traded hands, compared to its average volume of 639,709. The company has a fifty day moving average of $132.19 and a 200 day moving average of $123.08. TD SYNNEX has a 12 month low of $101.21 and a 12 month 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 stock has a market capitalization of $11.99 billion, a P/E ratio of 17.87, a PEG ratio of 1.07 and a beta of 1.49.

Insider Activity at TD SYNNEX

In related news, Director Ann F. Vezina sold 839 shares of the stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $136.08, for a total transaction of $114,171.12. Following the sale, the director now directly owns 4,856 shares of the company’s stock, valued at approximately $660,804.48. This represents a 14.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard T. Hume sold 20,000 shares of the firm’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $117.62, for a total transaction of $2,352,400.00. Following 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. In the last ninety days, insiders have sold 29,289 shares of company stock valued at $3,639,500. 1.90% of the stock is owned by insiders.

Institutional Trading of TD SYNNEX

A number of institutional investors have recently made changes to their positions in SNX. Bartlett & CO. Wealth Management LLC boosted its holdings in shares of TD SYNNEX by 345.1% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 227 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 176 shares during the last quarter. Bessemer Group Inc. boosted its holdings in shares of TD SYNNEX by 174.7% during the 4th quarter. Bessemer Group Inc. now owns 239 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 152 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of TD SYNNEX by 48.4% in the fourth quarter. UMB Bank n.a. now owns 429 shares of the business services provider’s stock worth $50,000 after buying an additional 140 shares during the last quarter. Point72 DIFC Ltd purchased a new position in shares of TD SYNNEX in the third quarter worth approximately $55,000. Finally, Blue Trust Inc. boosted its holdings in shares of TD SYNNEX by 37.7% in the fourth quarter. Blue Trust Inc. now owns 471 shares of the business services provider’s stock worth $55,000 after buying an additional 129 shares during 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.