Tech Data Corp Given Average Recommendation of “Hold” by Brokerages (NASDAQ:TECD)
Shares of Tech Data Corp (NASDAQ:TECD) have been given an average rating of “Hold” by the ten ratings firms that are presently covering the stock, ARN reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $66.00.
Tech Data Corp (NASDAQ:TECD) traded up 1.22% on Tuesday, hitting $67.10. 148,343 shares of the company’s stock traded hands. Tech Data Corp has a 1-year low of $48.35 and a 1-year high of $66.62. The stock’s 50-day moving average is $63.73 and its 200-day moving average is $61.26. The company has a market cap of $2.566 billion and a price-to-earnings ratio of 14.45.
Tech Data Corp (NASDAQ:TECD) last announced its earnings results on Tuesday, August 26th. The company reported $1.12 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.77 by $0.35. The company had revenue of $6.84 billion for the quarter. During the same quarter in the prior year, the company posted $0.73 earnings per share. The company’s quarterly revenue was up 8.1% on a year-over-year basis. On average, analysts predict that Tech Data Corp will post $4.82 earnings per share for the current fiscal year.
TECD has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Tech Data Corp in a research note on Friday. They now have a $70.00 price target on the stock. Separately, analysts at Bank of America upgraded shares of Tech Data Corp from an “underperform” rating to a “neutral” rating in a research note on Wednesday, July 16th. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Tech Data Corp in a research note on Friday, May 30th. They now have a $62.00 price target on the stock, down previously from $66.00.
Tech Data Corporation (NASDAQ:TECD) is a wholesale distributor of technology products.
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