Tech Data (NASDAQ:TECD) Given Daily News Sentiment Score of 0.16

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Media stories about Tech Data (NASDAQ:TECD) have been trending somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of news coverage by analyzing more than 20 million blog and news 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 0.16 on Accern’s scale. Accern also gave press coverage about the company an impact score of 47.2727826019468 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the news stories that may have impacted Accern Sentiment’s analysis:

Shares of NASDAQ TECD traded down $0.37 during trading on Thursday, reaching $79.07. The company had a trading volume of 721,513 shares, compared to its average volume of 430,488. Tech Data has a 52 week low of $78.30 and a 52 week high of $111.10. The company has a market cap of $3,060.00, a PE ratio of 8.68, a P/E/G ratio of 1.00 and a beta of 0.86. The company has a current ratio of 1.26, a quick ratio of 0.88 and a debt-to-equity ratio of 0.52.

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 Zacks’ consensus estimate of $3.53 by ($0.03). The company had revenue of $11.09 billion during the quarter, compared to the consensus estimate of $10.57 billion. Tech Data had a return on equity of 12.83% and a net margin of 0.32%. The company’s revenue was up 49.3% on a year-over-year basis. During the same period in the prior year, the firm posted $2.45 earnings per share. equities research analysts forecast that Tech Data will post 10.65 earnings per share for the current year.

Several equities analysts recently issued reports on the stock. ValuEngine downgraded shares of Tech Data from a “buy” rating to a “hold” rating in a report on Monday. Bank of America cut their price target on shares of Tech Data from $115.00 to $105.00 and set a “buy” rating for the company in a report on Friday, March 9th. Citigroup cut their price target on shares of Tech Data from $110.00 to $95.00 and set a “neutral” rating for the company in a report on Friday, March 9th. Stifel Nicolaus reissued a “buy” rating and set a $110.00 price target (down from $120.00) on shares of Tech Data in a report on Friday, March 9th. Finally, Pivotal Research set a $105.00 price target on shares of Tech Data and gave the company a “buy” rating in a report on Thursday, March 8th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price 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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