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How to buy TD SYNNEX stock in Canada | $105
Own TD SYNNEX shares in just a few minutes.
TD SYNNEX is an information technology services business based in the US. TD SYNNEX shares (SNX) are listed on the NYSE and all prices are listed in US Dollars. TD SYNNEX employs 9,100 staff and has a trailing 12-month revenue of around USD$26.8 billion.
How to buy shares in TD SYNNEX
- Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
- Open your brokerage account. Complete an application with your details.
- Confirm your payment details. Fund your account.
- Research the stock. Find the stock by name or ticker symbol – SNX – and research it before deciding if it's a good investment for you.
- Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
- Check in on your investment. Optimize your portfolio by tracking your stock.
Is it a good time to buy TD SYNNEX stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
What's in this guide?
- Can I buy shares in TD SYNNEX?
- Has coronavirus impacted TD SYNNEX shares?
- TD SYNNEX shares summary
- Compare share dealing platforms
- Is TD SYNNEX stock a buy or sell?
- TD SYNNEX performance over time
- Can I short TD SYNNEX shares?
- Are TD SYNNEX shares over-valued?
- TD SYNNEX's financials
- How volatile are TD SYNNEX shares?
- Does TD SYNNEX pay a dividend?
- Have TD SYNNEX shares ever split?
- Other common questions
How has Coronavirus impacted TD SYNNEX's stock price?
Since the stock market crash in March caused by coronavirus, TD SYNNEX's stock price has had significant negative movement.
Its last market close was $105, which is 25.93% down on its pre-crash value of $141.75 and 101.69% up on the lowest point reached during the March crash when the stocks fell as low as $52.06.
If you had bought $1,000 worth of TD SYNNEX stocks at the start of February 2020, those stocks would have been worth $529.06 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $746.55.
TD SYNNEX stock priceUse our graph to track the performance of SNX stocks over time.
TD SYNNEX shares at a glance
|Latest market close||$105.00|
|52-week range||$64.02 - $130.68|
|50-day moving average||$113.78|
|200-day moving average||$119.94|
|Wall St. target price||$140.14|
|Dividend yield||$0.6 (0.56%)|
|Earnings per share (TTM)||$9.40|
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Note: The dollar amounts in the table below are in Canadian dollars.
TD SYNNEX price performance over time
|1 week (2021-10-13)||2.10%|
|1 month (2021-09-20)||-7.07%|
|3 months (2021-07-23)||-10.34%|
|6 months (2021-04-23)||-15.46%|
|1 year (2020-10-23)||-27.78%|
|2 years (2019-10-23)||-11.13%|
|3 years (2018-10-23)||28.68%|
|5 years (2016-10-21)||0.30%|
Is TD SYNNEX under- or over-valued?
Valuing TD SYNNEX stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of TD SYNNEX's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
TD SYNNEX's P/E ratio
TD SYNNEX's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 11x. In other words, TD SYNNEX shares trade at around 11x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
TD SYNNEX's PEG ratio
TD SYNNEX's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 0.9084. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into TD SYNNEX's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
TD SYNNEX's EBITDA
TD SYNNEX's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $1.5 billion.
The EBITDA is a measure of a TD SYNNEX's overall financial performance and is widely used to measure a its profitability.
TD SYNNEX financials
|Revenue TTM||$26.8 billion|
|Operating margin TTM||4.17%|
|Gross profit TTM||$2.9 billion|
|Return on assets TTM||5.88%|
|Return on equity TTM||18.67%|
|Market capitalisation||$10.2 billion|
TTM: trailing 12 months
Shorting TD SYNNEX shares
There are currently 974,312 TD SYNNEX shares held short by investors – that's known as TD SYNNEX's "short interest". This figure is 13.4% up from 859,218 last month.
There are a few different ways that this level of interest in shorting TD SYNNEX shares can be evaluated.
TD SYNNEX's "short interest ratio" (SIR)
TD SYNNEX's "short interest ratio" (SIR) is the quantity of TD SYNNEX shares currently shorted divided by the average quantity of TD SYNNEX shares traded daily (recently around 297954.74006116). TD SYNNEX's SIR currently stands at 3.27. In other words for every 100,000 TD SYNNEX shares traded daily on the market, roughly 3270 shares are currently held short.
However TD SYNNEX's short interest can also be evaluated against the total number of TD SYNNEX shares, or, against the total number of tradable TD SYNNEX shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case TD SYNNEX's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 TD SYNNEX shares in existence, roughly 10 shares are currently held short) or 0.0232% of the tradable shares (for every 100,000 tradable TD SYNNEX shares, roughly 23 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against TD SYNNEX.
TD SYNNEX share dividends
Dividend payout ratio: 7.06% of net profits
Recently TD SYNNEX has paid out, on average, around 7.06% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 0.76% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), TD SYNNEX shareholders could enjoy a 0.76% return on their shares, in the form of dividend payments. In TD SYNNEX's case, that would currently equate to about $0.6 per share.
While TD SYNNEX's payout ratio might seem low, this can signify that TD SYNNEX is investing more in its future growth.
TD SYNNEX's most recent dividend payout was on 29 October 2021. The latest dividend was paid out to all shareholders who bought their shares by 14 October 2021 (the "ex-dividend date").
Have TD SYNNEX's shares ever split?
TD SYNNEX's shares were split on a 2:1 basis on 1 December 2020. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your TD SYNNEX shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for TD SYNNEX shares which in turn could have impacted TD SYNNEX's share price.
TD SYNNEX share price volatility
Over the last 12 months, TD SYNNEX's shares have ranged in value from as little as $64.0163 up to $130.6754. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while TD SYNNEX's is 1.6746. This would suggest that TD SYNNEX's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
TD SYNNEX overview
TD SYNNEX provides business process services in the United States and internationally. The company distributes peripherals; and information technology systems, including system components, software, networking, communications and security equipment, consumer electronics, and complementary products, as well as designs and integrates data center equipment. It also provides systems design and integration solutions, build-to-order, and configure-to-order assembly capabilities; logistics services that comprise outsourced fulfillment, virtual distribution, and direct ship to end-users; cloud services; online services; and financing services comprising net terms, third party leasing, floor plan financing, and letters of credit backed financing and arrangements. In addition, the company offers marketing services, such as direct mail, external media advertising, reseller product training, targeted telemarketing campaigns, trade shows, trade groups, database analysis, print on demand services, and web-based marketing. It serves resellers, system integrators, and retailers. The company was formerly known as SYNNEX Corporation and changed its name to TD SYNNEX in September 2021. TD SYNNEX was founded in 1980 and is headquartered in Fremont, California.
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Frequently asked questions
TD SYNNEX in the news
Greenlight Capital Q3 2021 Letter
TD SYNNEX : TECH DATA EXTENDS TRADE-IN SERVICES AND HARDWARE RECYCLING CAPABILITY; All kinds of equipment servers, storage, audiovisual and networking kit, as well as mobiles, notebooks, and desktops can now be traded-in and recycled
Qumu Announces Distribution Partnership with TD SYNNEX, Bringing Enterprise Video to Resellers
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