A statement released earlier today by Stifel about Tech Data (NASDAQ:TECD) bumps the target price to $96.00
- Updated: September 20, 2016
Stating as potential upside of 0.13%, Stifel upped the price target of Tech Data (NASDAQ:TECD) to $96.00
Only yesterday Tech Data (NASDAQ:TECD) traded 0.00% even at $84.80. The company’s 50-day moving average is $76.34 and its 200-day moving average is $74.57. The last stock close price is up 13.72% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 3,416 shares of Tech Data exchanged hands, down from an average trading volume of 502,475
Tech Data has a 52 week low of $57.99 and a one year high of $85.58 with a P/E ratio of 13.7700 TECD’s total market value is presently $0.
In addition to Stifel reporting its price target, a total of 4 analysts have issued a report on the company. The average target price is $67.25 with 1 brokerage rating the stock a strong buy, 0 brokers rating the stock a buy, five equity analysts rating the company a hold, two brokers rating the stock a underperform, and lastly zero equity analysts rating the company a sell.
General Company Details For Tech Data (NASDAQ:TECD)
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. It operates in two geographic segments: the Americas and Europe. It provides resellers training and technical support suite of electronic commerce tools customized shipping documents product configuration or integration services and access to financing programs. Its customers include value-added resellers, direct marketers, retailers and corporate resellers who support the diverse technology needs of end users. It sells its products to customers in approximately 100 countries throughout North America, South America, Europe, the Middle East and Africa.
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