Yahoo Finance Why TD SYNNEX (SNX) is a Top Value Stock for the Long-Term
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Why Investors Should Pay Attention to This Value Stock
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to highlight the most attractive and 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 #2 (Buy), 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 21.6X, shares of TD SYNNEX are trading at a forward P/E of 10.9X. SNX also has a PEG Ratio of 1.2, a Price/Cash Flow ratio of 8.4X, and a Price/Sales ratio of 0.2X.
Many value investors pay close attention to a company's earnings as well. For SNX, one analyst revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.04 to $11.90 per share for 2024. Per share SNX boasts an average earnings surprise of 7.7%.
SNX should be on investors' short lists because of its impressive earnings and valuation fundamentals, a good Zacks Rank, and strong Value and VGM Style Scores.
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TD SYNNEX Corporation (SNX) : Free Stock Analysis Report
