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.
Many analysts weighed in on price targets for TECD. The most optimistic 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 potential capital losses of 8.77 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. The average change in earnings estimates over the last 90 days is -2.34 percent. Meanwhile, fiscal year estimates have been revised upwards by 0 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 6.75 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts revised their estimates downwards. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 0 analysts made negative revisions to their fiscal year's estimates.
TECD has an estimated earnings growth rate of 80.44 percent as forecasted by analysts. 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. PEG ratios below 1 are often considered desirable, 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.
In the last 52-weeks, TECD has achieved a high of 106.92 and a low of 67.67. Today's price is 56.24 percent above the 52-week low, and below the high by 1.11 percent. TECD has a P/E 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 market cap of TECD is $4.03 billion. TECD's next earnings release will be on 0000-00-00, which is days away.