TD Synnex Corp (NYSE: SNX) – Suitable For Long Term Buy?

Currently, there are 88.67M common shares owned by the public and among those 61.11M shares have been available to trade.

The company’s stock has a 5-day price change of 10.42% and 8.20% over the past three months. SNX shares are trading 8.20% year to date (YTD), with the 12-month market performance up to 23.22% higher. It has a 12-month low price of $86.30 and touched a high of $116.05 over the same period. SNX has an average intraday trading volume of 819.61K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 9.68%, 12.12%, and 16.38% respectively.

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Institutional ownership of TD Synnex Corp (NYSE: SNX) shares accounts for 55.48% of the company’s 88.67M shares outstanding.

It has a market capitalization of $10.21B and a beta (3y monthly) value of 1.62. The stock’s trailing 12-month PE ratio is 16.91, while the earnings-per-share (ttm) stands at $6.89. The company has a PEG of 2.32 and a Quick Ratio of 0.75 with the debt-to-equity ratio at 0.49. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.26% over the week and 2.11% over the month.

Analysts forecast that TD Synnex Corp (SNX) will achieve an EPS of $2.82 for the current quarter, $2.94 for the next quarter and $13.17 for 2025. The lowest estimate earnings-per-share for the quarter is $2.75 while analysts give the company a high EPS estimate of $2.98. Comparatively, EPS for the current quarter was $2.43 a year ago. Earnings per share for the fiscal year are expected to increase by 6.73%, and 9.59% over the next financial year. EPS should grow at an annualized rate of 7.30% over the next five years, compared to -1.35% over the past 5-year period.

Looking at the support for the SNX, a number of firms have released research notes about the stock. JP Morgan stated their Neutral rating for the stock in a research note on January 08, 2024, with the firm’s price target at $112-$113. UBS coverage for the TD Synnex Corp (SNX) stock in a research note released on November 22, 2023 offered a Neutral rating with a price target of $105. Goldman was of a view on May 01, 2023 that the stock is Buy, while Barclays gave the stock Equal Weight rating on February 15, 2023, issuing a price target of $109. RBC Capital Mkts on their part issued Sector Perform rating on October 04, 2022.

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