Analyst Ratings for Tech Data Corp. (TECD)Updated: 2017-07-27
Shares of Tech Data Corp. (NASDAQ:TECD) have received a consensus rating of Overweight from Wall Street analysts. About 30 days ago, TECD was issued an average rating of Overweight.
A buy rating was issued by 2 analysts, 0 issued an overweight rating, 5 gave a hold rating, 0 issued an underweight rating, and 0 issued a sell rating. Compared to three months ago, there has been an decrease of 1 in the number of analysts with a positive outlook on the stock. Meanwhile, the number of analysts pessimistic about the company has decreased by 1.
TECD was given price targets by several analysts. The highest price target was 120, which equates to a potential upside of 13.5 percent. The most pessimistic analyst gave a price target of 115, implying a possible loss of 8.77 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -2.34 percent. Meanwhile, fiscal year estimates have been revised upwards by 0 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of 6.75 percent in FY estimates.
People are often interested in whether analysts were united in the direction of their revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts revised their estimates downwards. Also over the last month, 0 analysts increased their estimates for the FY earnings, compared to 0 analysts that revised their FY estimates downwards.
Analysts estimate earnings of TECD to grow at a rate of 80.44 percent. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of TECD is 0.24.
TECD has a 52-week high of 106.92 and a 52-week low of 67.67. The current market price is above the trailing year's low by 56.24 percent, and 1.11 percent below the high. TECD has a price/earnings ratio of 19.65. Investors typically compare the P/E ratio to a company's peers in the industry. The TECD value stock report compares TECD to some of its peers using value stock charts. The stock has a market capitalization of $4.03 billion. TECD's next earnings release will be on 0000-00-00, which is days away.