TD SYNNEX Corporation (NYSE: SNX) has reported earnings for its third fiscal quarter (ending August 31) of $2.09 versus $1.49 for the same period a year ago. For the latest four quarters through August 31, E.P.S. were $7.76 versus $6.98 for the same period a year ago.
Recent Price Action
TD SYNNEX Corporation (NYSE: SNX) stock closed at $118.71 on 9/26/24 after an increase of 1.2%. Moreover, unusually high trading volume at 195% of normal accompanied the advance. The stock has risen 2.7% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, SNX is expected to continue to be an important Value Builder.
TD SYNNEX has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. TD SYNNEX has a good Power Rating of 76 and a good Appreciation Score of 78, resulting in the Highest Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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