Recent important positive changes in fundamentals have benefitted Tech Data Corp (NASDAQ: TECD): the consensus estimate for January, 2020 increased significantly, the consensus estimate for January, 2019 increased significantly, and significant quarterly earnings acceleration occurred.
Important positive changes in Tech Data Corp (NASDAQ: TECD) investment behavior have recently occurred: the stock’s recent price rise disrupted its longer term downtrend.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
TECD is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Tech Data has a current Value Trend Rating of A (Highest Rating). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Tech Data has a neutral Power Rating of 55 but a good Appreciation Score of 81, leading to the Highest Value Trend Rating.
Recent Price Action
On 9/6/19, Tech Data Corp (NASDAQ: TECD) stock declined slightly by -0.02%, closing at $100.13. NORMAL trading volume accompanied the decline. The stock has performed in line with the market over the last nine months and has risen 22.4% during the last week.