Media stories about Tech Data (NASDAQ:TECD) have trended somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Tech Data earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 46.3497845346372 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Several analysts have recently weighed in on the stock. ValuEngine raised shares of Tech Data from a “hold” rating to a “buy” rating in a research note on Wednesday, November 29th. Raymond James Financial reaffirmed a “hold” rating on shares of Tech Data in a research report on Tuesday, November 28th. BidaskClub cut shares of Tech Data from a “hold” rating to a “sell” rating in a research report on Saturday, February 3rd. Pivotal Research set a $114.00 price objective on shares of Tech Data and gave the stock a “buy” rating in a research report on Tuesday, November 28th. Finally, Zacks Investment Research raised shares of Tech Data from a “sell” rating to a “hold” rating in a research report on Friday, October 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. Tech Data presently has a consensus rating of “Buy” and an average price target of $112.33.
Shares of Tech Data (NASDAQ:TECD) traded up $0.24 during mid-day trading on Friday, reaching $92.40. 308,591 shares of the company’s stock traded hands, compared to its average volume of 258,132. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.35 and a quick ratio of 0.89. Tech Data has a 52 week low of $81.42 and a 52 week high of $111.10. The stock has a market cap of $3,618.07, a PE ratio of 17.60, a PEG ratio of 0.41 and a beta of 0.69.
Tech Data (NASDAQ:TECD) last issued its quarterly earnings results on Monday, November 27th. The company reported $2.00 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.90 by $0.10. Tech Data had a net margin of 0.59% and a return on equity of 11.90%. The company had revenue of $9.14 billion during the quarter, compared to analysts’ expectations of $9.10 billion. During the same quarter last year, the company posted $1.44 EPS. The firm’s revenue was up 40.8% compared to the same quarter last year. sell-side analysts predict that Tech Data will post 9.14 earnings per share for the current fiscal year.
In other news, COO Richard T. Hume sold 3,100 shares of the firm’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $98.06, for a total value of $303,986.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.60% of the stock is currently owned by company insiders.
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About Tech Data
Tech Data Corporation is a wholesale distributor of technology products. The Company serves as a link in the technology supply chain by bringing products from the technology vendors to market, as well as providing its customers with logistics capabilities and services. It operates through the segment of distributing technology products, logistics management and other value-added services.
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