Analyst Rating Update on Tech Data Corporation (TECD)

Tech Data Corporation (NASDAQ:TECD) has an average broker rating of 3, which is interpreted as a Hold, as rated by 5 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy. 2 considers that the stock is a Sell.

Tech Data Corporation (NASDAQ:TECD) : Average target price received by Tech Data Corporation (NASDAQ:TECD) is $75.33 with an expected standard deviation of $7.64. The most aggressive target on the stock is $82, whereas the most downbeat target is $67. 3 financial analysts are currently covering the stock.

Company shares have received an average consensus rating of Hold for the current week

Tech Data Corporation (NASDAQ:TECD): On Tuesdays trading session , Opening price of the stock was $71.47 with an intraday high of $72.5945. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $68.91. However, the stock managed to close at $69.72, a loss of 1.04% for the day. On the previous day, the stock had closed at $70.45. The total traded volume of the day was 793,536 shares.

In an insider trading activity, The Securities and Exchange Commission has divulged that Cano Nestor, officer (President, Europe) of Tech Data Corp, had unloaded 5,498 shares at an average price of $76.95 in a transaction dated on March 31, 2016. The total value of the transaction was worth $423,071.

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 customers with logistics capabilities and services. Its customers include approximately 115,000 value-added resellers (VARs), direct marketers, retailers and corporate resellers who support the diverse technology needs of end users. It sells its products to customers in more than 100 countries throughout North America, South America, Europe, the Middle East and Africa. The Company is managed in two geographic segments: the Americas and Europe. In addition to a range of product offerings, the Company provides resellers training and technical support, suite of electronic commerce tools (including Internet order entry and electronic data interchange (EDI) services), customized shipping documents, product configuration or integration services and access to financing programs.

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