Tech Data Corp (NASDAQ:TECD) a Buy: Brean Capital

In a research note issued to investors, Ananda Baruah at Brean Capital Reiterated their Buy rating on Tech Data Corp (NASDAQ:TECD). The analyst placed a $63.00 price target on the stock which indicates a 8.92% upside to the last closing price. In the year following Ananda’s ratings, the stocks covered yield an average return of 1.4% according to TipRanks.com. In the past year 64 out of 125 recommendations or 51% were successful.

Tech Data Corp (NASDAQ:TECD) shares opened the most recent trading session at 56.36 and at the time of writing the last Bid was at N/A. In the current trading session the stock reached as high as 56.81 and dipped down to 54.57. Tech Data Corporation, a NMS listed company, has a current market cap of 2.07B and on average over the past 3 months has seen 329026 shares trade hands on a daily basis.

On a technical level the stock has a 50 Day Moving Average of 58.78. Based on a recent trade, this puts the equity at -5.95% away from that average. In comparing the stock’s current level to its extended history, the stock is trading -22.48% away from it’s 52-week high of 71.31 and +5.86% away from the stock’s low point over the past 52 weeks, which was 52.22. On a consensus basis, analysts have a one year target price of 58.33. The company last reported earnings per share of 4.57.

The consensus analyst estimates according to First Call for the next quarter is 0.96. The current year EPS estimate on the stock is 4.80 and the EPS estimate for next year sits at 5.16. In looking at the fundamentals, TECD has a P/E ratio of 12.10 and a price to book ratio of 1.08. The company’s Book Value is 52.44 and most recently reported EBITDA of 356.20M. The price compared to next year’s EPS estimate in the current year is 10.71.

Company Profile

Tech Data Corp (TECD) is a wholesale distributor of technology products. The Company’s customers include approximately 125,000 value-added resellers, direct marketers, retailers and corporate resellers. It customers are based in approximately 100 countries throughout North America, South America, Europe, the Middle East and Africa. It has approximately 28 logistics centers. Tech Data distributes and markets approximately 150,000 products from more than 500 computer hardware suppliers, networking equipment suppliers, software publishers, and other suppliers of computer peripherals, physical security, consumer electronics, digital signage and mobility hardware. The Company is managed in two geographic segments: the Americas and Europe. In addition to product offerings, 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.