TD SYNNEX Corporation (NYSE: SNX) has reported earnings for its first fiscal quarter (ending February 28) of $1.94 versus $1.76 for the same period a year ago. For the latest four quarters through February 28, E.P.S. were $6.90 versus $7.17 for the same period a year ago.
Recent Price Action
TD SYNNEX Corporation (NYSE: SNX) stock enjoyed a very large increase of 6.5% on 3/26/24. The shares closed at $112.27. Moreover, exceptionally high trading volume at 229% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months and has risen 9.3% during the last week.
Current PriceTarget Research Rating
SNX is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
TD SYNNEX has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. TD SYNNEX has a good Appreciation Score of 79 and a good Power Rating of 79, producing the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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