Stifel Nicolaus issued a report on Tech Data Corp (NASDAQ:TECD), boosting its price target to $96.00 earlier today
- Updated: September 20, 2016
Reporting as possible upside of 0.13%, Stifel Nicolaus raised the target price of Tech Data Corp (NASDAQ:TECD) to $96.00
Just yesterday Tech Data Corp (NASDAQ:TECD) traded 0.00% even at $84.80. Tech Data Corp’s 50-day average is $76.34 and its 200-day average is $74.57. With the last stock close price up 13.72% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Volume of trade was down over the average, with 3,416 shares of TECD changing hands under the typical 502,475
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Tech Data Corp has a one year low of $57.99 and a one year high of $85.58 with a P/E ratio of 13.7700 The company’s market cap is currently $0.
In addition to Stifel Nicolaus reporting its stock price target, a total of 4 brokerages have released a ratings update on the company. The average stock price target is $67.25 with 1 brokerage rating the stock a strong buy, zero firms rating the stock a buy, five brokers rating the stock a hold, 2 analysts rating the company a underperform, and lastly zero brokerages rating the company a sell.
Brief Synopsis About Tech Data Corp (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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