News headlines about Tech Data (NASDAQ:TECD) have been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Tech Data earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned news articles about the company an impact score of 47.2727826019468 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media stories that may have impacted Accern’s rankings:
- 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)
- Bank of America Trims Tech Data (TECD) Target Price to $105.00 (americanbankingnews.com)
Shares of Tech Data (NASDAQ TECD) opened at $88.64 on Wednesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.26 and a quick ratio of 0.88. The firm has a market capitalization of $3,380.00, a price-to-earnings ratio of 16.03, a PEG ratio of 0.38 and a beta of 0.64. Tech Data has a 52-week low of $81.42 and a 52-week high of $111.10.
Several analysts have issued reports on the company. BidaskClub raised Tech Data from a “hold” rating to a “buy” rating in a research report on Saturday, March 3rd. Northcoast Research set a $127.00 target price on Tech Data and gave the company a “buy” rating in a research report on Wednesday, February 28th. ValuEngine raised Tech Data from a “hold” rating to a “buy” rating in a research report on Wednesday, November 29th. Raymond James Financial reaffirmed a “hold” rating on shares of Tech Data in a research report on Tuesday, November 28th. Finally, Citigroup reaffirmed a “hold” rating and set a $110.00 target price on shares of Tech Data in a research report on Tuesday, November 28th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $110.29.
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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