Alert: Major Price Advance (10/16/19)-Tech Data Corp (NASDAQ: TECD).

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On 10/16/19, Tech Data Corp (NASDAQ: TECD) stock enjoyed a major increase of 11.7%, closing at $124.41. Moreover, exceptionally high trading volume at 470% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 20.5% during the last week.

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Current PriceTarget Research Rating

TECD’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.

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 57 but a good Appreciation Score of 79, with the Highest Value Trend Rating the result.

Rating Review

In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.

About John Lafferty 52629 Articles
During his career, John has developed valuation and stock rating methodologies, managed institutional portfolios and mutual funds, and provided equity research to institutional investors on thousands of companies. He has been Director of Research at PTR since its inception in 2004.

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