News coverage about Tech Data (NASDAQ:TECD) has trended somewhat positive this week, according to Accern Sentiment Analysis. Accern ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Tech Data earned a news impact score of 0.17 on Accern’s scale. Accern also gave press coverage about the company an impact score of 45.3912416485489 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the media headlines that may have effected Accern’s rankings:
- $8.18 Billion in Sales Expected for Tech Data (TECD) This Quarter (americanbankingnews.com)
- Tech Data (TECD) Expected to Post Earnings of $1.48 Per Share (americanbankingnews.com)
- Tech Data (TECD) & Synnex (SNX) Critical Review (americanbankingnews.com)
- Comparing Synnex (SNX) and Tech Data (TECD) (americanbankingnews.com)
- Tech Data Corp (TECD) Given Consensus Rating of “Buy” by Brokerages (americanbankingnews.com)
TECD stock opened at $81.96 on Wednesday. Tech Data has a fifty-two week low of $76.89 and a fifty-two week high of $111.10. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.88 and a current ratio of 1.26. The stock has a market capitalization of $3,109.61, a price-to-earnings ratio of 9.00, a PEG ratio of 1.02 and a beta of 0.86.
TECD has been the topic of a number of recent research reports. Bank of America lowered their target price on Tech Data from $115.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, March 9th. ValuEngine downgraded Tech Data from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Pivotal Research set a $105.00 target price on Tech Data and gave the company a “buy” rating in a report on Thursday, March 8th. BidaskClub raised Tech Data from a “hold” rating to a “buy” rating in a report on Tuesday, January 9th. Finally, Northcoast Research set a $127.00 target price on Tech Data and gave the company a “buy” rating in a report on Wednesday, February 28th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $110.29.
Tech Data Company Profile
Tech Data Corporation engages in the wholesale distribution of technology products. It offers endpoint portfolio solutions, including PC systems, mobile phones and accessories, printers, peripherals, supplies, endpoint technology software, and consumer electronics; and advanced portfolio solutions, such as storage, networking, servers, advanced technology software, and converged and hyper-converged infrastructure, as well as specialized solutions.
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