Somewhat Favorable News Coverage Somewhat Unlikely to Impact Tech Data (TECD) Share Price

News coverage about Tech Data (NASDAQ:TECD) has been trending somewhat positive on Thursday, according to Accern. The research firm rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. 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 coverage optimism score of 0.18 on Accern’s scale. Accern also assigned media 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 company’s share price in the near term.

TECD has been the subject of a number of analyst reports. Stifel Nicolaus reissued a “buy” rating and issued a $110.00 price target (down from $120.00) on shares of Tech Data in a report on Friday, March 9th. Pivotal Research set a $105.00 price target 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 Saturday, March 3rd. Northcoast Research set a $127.00 price target on Tech Data and gave the company a “buy” rating in a report on Wednesday, February 28th. Finally, ValuEngine raised Tech Data from a “hold” rating to a “buy” rating in a report on Wednesday, November 29th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Tech Data presently has an average rating of “Buy” and an average target price of $110.29.

Shares of Tech Data stock traded down $1.53 during mid-day trading on Thursday, hitting $83.86. The stock had a trading volume of 157,940 shares, compared to its average volume of 386,549. The company has a current ratio of 1.26, a quick ratio of 0.88 and a debt-to-equity ratio of 0.52. The firm has a market cap of $3,242.97, a P/E ratio of 27.91, a price-to-earnings-growth ratio of 1.06 and a beta of 0.64. Tech Data has a twelve month low of $81.42 and a twelve month high of $111.10.

Tech Data (NASDAQ:TECD) last announced its earnings results on Thursday, March 8th. The company reported $3.50 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.53 by ($0.03). The business had revenue of $11.09 billion for the quarter, compared to analyst estimates of $10.57 billion. Tech Data had a return on equity of 12.83% and a net margin of 0.32%. The company’s quarterly revenue was up 49.3% compared to the same quarter last year. During the same period in the previous year, the company earned $2.45 earnings per share. research analysts forecast that Tech Data will post 10.65 EPS for the current year.

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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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