Tech Data (TECD) Getting Somewhat Favorable News Coverage, Analysis Shows

Media coverage about Tech Data (NASDAQ:TECD) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Tech Data earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave media coverage about the company an impact score of 46.5658909362475 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Several equities research analysts recently weighed in on the stock. BidaskClub lowered shares of Tech Data from a “buy” rating to a “hold” rating in a research note on Thursday, January 25th. ValuEngine upgraded shares of Tech Data from a “hold” rating to a “buy” rating in a research report on Wednesday, November 29th. Raymond James Financial reiterated a “hold” rating on shares of Tech Data in a report on Tuesday, November 28th. Citigroup reiterated a “hold” rating and issued a $110.00 price objective on shares of Tech Data in a report on Tuesday, November 28th. Finally, Pivotal Research set a $114.00 price objective on shares of Tech Data and gave the company a “buy” rating in a report on Tuesday, November 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $112.33.

Shares of Tech Data (TECD) opened at $97.65 on Thursday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.35 and a quick ratio of 0.89. The company has a market cap of $3,631.43, a P/E ratio of 18.60, a P/E/G ratio of 0.41 and a beta of 0.69. Tech Data has a 12-month low of $81.42 and a 12-month high of $111.10.

Tech Data (NASDAQ:TECD) last released its earnings results on Monday, November 27th. The company reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $9.10 billion. During the same quarter in the prior year, the firm earned $1.44 EPS. The company’s revenue was up 40.8% compared to the same quarter last year. research analysts forecast that Tech Data will post 9.14 earnings per share for the current year.

In other news, COO Richard T. Hume sold 3,100 shares of the stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $98.06, for a total transaction of $303,986.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.60% of the stock is owned by corporate 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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