News coverage about Tech Data (NASDAQ:TECD) has been trending somewhat positive on Wednesday, according to Accern. The research firm identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Tech Data earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned headlines about the company an impact score of 46.3862093424341 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- Zacks: Brokerages Expect Tech Data Corp (TECD) Will Post Quarterly Sales of $8.17 Billion (americanbankingnews.com)
- Should Value Investors Pick Tech Data (TECD) Stock? (finance.yahoo.com)
- Tech Data (TECD) Tops Q4 EPS by 4c, Beats on Revenues; Offers 1Q18 EPS/Revenue Outlook Below Consensus (streetinsider.com)
- Tech Data’s (TECD) Q4 Earnings Miss Estimates, Revenues Beat (msn.com)
- Tech Data’s (TECD) “Buy” Rating Reaffirmed at Stifel Nicolaus (americanbankingnews.com)
Tech Data (NASDAQ TECD) traded down $0.04 during trading hours on Wednesday, hitting $88.60. 434,517 shares of the stock were exchanged, compared to its average volume of 382,016. The firm has a market capitalization of $3,384.79, a price-to-earnings ratio of 29.03, a P/E/G ratio of 1.10 and a beta of 0.64. Tech Data has a 1 year low of $81.42 and a 1 year high of $111.10. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.26 and a quick ratio of 0.88.
TECD has been the topic of a number of recent analyst reports. BidaskClub upgraded shares of Tech Data from a “hold” rating to a “buy” rating in a research note on Tuesday, January 9th. Stifel Nicolaus restated a “buy” rating and set a $110.00 price target (down previously from $120.00) on shares of Tech Data in a research note on Friday, March 9th. Citigroup restated a “hold” rating and set a $110.00 price target on shares of Tech Data in a research note on Tuesday, November 28th. Needham & Company LLC upped their price target on shares of Tech Data from $102.00 to $110.00 and gave the company a “buy” rating in a research note on Tuesday, November 28th. Finally, Pivotal Research set a $105.00 price target on shares of Tech Data and gave the company a “buy” rating in a research note on Thursday, March 8th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Tech Data presently has an average rating of “Buy” and a consensus price target of $110.29.
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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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