Tech Data Corp Given Consensus Recommendation of “Hold” by Brokerages (NASDAQ:TECD)
Tech Data Corp (NASDAQ:TECD) has earned an average rating of “Hold” from the eleven analysts that are presently covering the stock, StockRatingsNetwork.com reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $67.86.
Tech Data Corp (NASDAQ:TECD) opened at 67.50 on Tuesday. Tech Data Corp has a one year low of $48.35 and a one year high of $71.31. The stock’s 50-day moving average is $64.05 and its 200-day moving average is $61.52. The company has a market cap of $2.582 billion and a price-to-earnings ratio of 12.76.
Tech Data Corp (NASDAQ:TECD) last announced its earnings results on Tuesday, August 26th. The company reported $1.12 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.77 by $0.35. The company had revenue of $6.84 billion for the quarter. During the same quarter last year, the company posted $0.73 earnings per share. Tech Data Corp’s revenue was up 8.1% compared to the same quarter last year. Analysts expect that Tech Data Corp will post $5.06 EPS for the current fiscal year.
A number of analysts have recently weighed in on TECD shares. Analysts at Needham & Company LLC raised their price target on shares of Tech Data Corp from $70.00 to $72.00 in a research note on Wednesday. Separately, analysts at Barclays raised their price target on shares of Tech Data Corp from $65.00 to $69.00 in a research note on Wednesday. Finally, analysts at Brean Capital raised their price target on shares of Tech Data Corp from $70.00 to $73.00 in a research note on Wednesday. They now have a “buy” rating on the stock.
Tech Data Corporation (NASDAQ:TECD) is a wholesale distributor of technology products.
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