Yahoo Finance Here's Why TD SYNNEX (SNX) is a Strong Value Stock
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.
Why Investors Should Pay Attention to This Value Stock
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, and Price/Cash Flow, the Value Style Score identifies the most attractive and most discounted stocks.
TD SYNNEX (SNX)
Fremont, CA-based TD SYNNEX, founded in 1980, is a leading business process services company. The company was formerly known as SYNNEX Corporation. But it changed its name to TD SYNNEX in September 2021 following its merger with Tech Data Corporation.
SNX sits at a Zacks Rank #3 (Hold), holds a Value Style Score of A, and has a VGM Score of A. Compared to the Electronics - Miscellaneous Products industry's P/E of 19X, shares of TD SYNNEX are trading at a forward P/E of 9.5X. SNX also has a PEG Ratio of 1, a Price/Cash Flow ratio of 7.3X, and a Price/Sales ratio of 0.2X.
A company's earnings performance is important for value investors as well. For fiscal 2024, six analysts revised their earnings estimate higher in the last 60 days for SNX, while the Zacks Consensus Estimate has increased $0.22 to $11.90 per share. SNX also holds an average earnings surprise of 7.7%.
With strong valuation and earnings metrics, a good Zacks Rank, and top-tier Value and VGM Style Scores, investors should strongly think about adding SNX to their portfolios.
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TD SYNNEX Corporation (SNX) : Free Stock Analysis Report
