Expert Outlook: TD Synnex Through The Eyes Of 7 Analysts
In the latest quarter, 7 analysts provided ratings for TD Synnex (NYSE:SNX), showcasing a mix of bullish and bearish perspectives.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 1 | 4 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 1 | 1 | 4 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for TD Synnex, presenting an average target of $127.57, a high estimate of $145.00, and a low estimate of $113.00. This upward trend is apparent, with the current average reflecting a 11.48% increase from the previous average price target of $114.43.
Exploring Analyst Ratings: An In-Depth Overview
The standing of TD Synnex among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| David Vogt | UBS | Raises | Buy | $145.00 | $115.00 |
| Ruplu Bhattacharya | B of A Securities | Raises | Buy | $135.00 | $120.00 |
| Joseph Cardoso | JP Morgan | Raises | Neutral | $126.00 | $113.00 |
| Vincent Colicchio | Barrington Research | Maintains | Outperform | $138.00 | $122.00 |
| Ashish Sabadra | RBC Capital | Raises | Sector Perform | $118.00 | $110.00 |
| Tim Long | Barclays | Raises | Equal-Weight | $118.00 | $111.00 |
| Shreya Gheewala | CFRA | Raises | Hold | $113.00 | $110.00 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to TD Synnex. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of TD Synnex compared to the broader market.
- Price Targets: Analysts navigate through adjustments in price targets, providing estimates for TD Synnex's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of TD Synnex's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on TD Synnex analyst ratings.
Discovering TD Synnex: A Closer Look
TD Synnex Corp is a distributor and solutions aggregator for the IT ecosystem. The company aggregates and distributes IT hardware, software, and systems including personal computing devices and peripherals, mobile phones and accessories, printers, server and datacenter infrastructure, hybrid cloud, security, networking, communications and storage solutions, and system components. Its geographical segments include, the Americas, Europe, and APJ.
TD Synnex's Economic Impact: An Analysis
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Revenue Growth: TD Synnex's revenue growth over a period of 3 months has faced challenges. As of 29 February, 2024, the company experienced a revenue decline of approximately -7.6%. This indicates a decrease in the company's top-line earnings. When compared to others in the Information Technology sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: TD Synnex's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 1.22%, the company may face hurdles in effective cost management.
Return on Equity (ROE): TD Synnex's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 2.1%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 0.6%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: With a below-average debt-to-equity ratio of 0.49, TD Synnex adopts a prudent financial strategy, indicating a balanced approach to debt management.
Analyst Ratings: What Are They?
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
