TE Connectivity Ltd. (NYSE:TEL) Receives Average Rating of “Hold” from Analysts

TE Connectivity Ltd. (NYSE:TEL) has earned a consensus recommendation of “Hold” from the eleven research firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $160.70.

Several research analysts have recently commented on the stock. Wells Fargo & Company lowered their target price on shares of TE Connectivity from $153.00 to $151.00 and set an “equal weight” rating on the stock in a report on Monday, December 16th. Hsbc Global Res cut TE Connectivity from a “hold” rating to a “moderate sell” rating in a report on Thursday, October 31st. Bank of America reduced their target price on TE Connectivity from $173.00 to $165.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. StockNews.com raised TE Connectivity from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 18th. Finally, The Goldman Sachs Group reduced their price objective on shares of TE Connectivity from $189.00 to $179.00 and set a “buy” rating on the stock in a research note on Tuesday, October 1st.

Institutional Investors Weigh In On TE Connectivity

Hedge funds and other institutional investors have recently bought and sold shares of the company. Armstrong Advisory Group Inc. grew its holdings in shares of TE Connectivity by 208.3% during the third quarter. Armstrong Advisory Group Inc. now owns 222 shares of the electronics maker’s stock worth $34,000 after purchasing an additional 150 shares during the last quarter. Wolff Wiese Magana LLC grew its holdings in TE Connectivity by 2,450.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 255 shares of the electronics maker’s stock worth $39,000 after acquiring an additional 245 shares during the last quarter. Vestor Capital LLC acquired a new position in TE Connectivity in the 3rd quarter valued at approximately $66,000. Ashton Thomas Securities LLC bought a new position in shares of TE Connectivity during the third quarter valued at $75,000. Finally, Quarry LP acquired a new position in shares of TE Connectivity during the second quarter worth $108,000. Institutional investors own 91.43% of the company’s stock.

TE Connectivity Trading Down 0.1 %

Shares of TEL stock opened at $143.66 on Thursday. TE Connectivity has a 12-month low of $128.52 and a 12-month high of $159.98. The company has a market capitalization of $42.98 billion, a PE ratio of 13.99, a price-to-earnings-growth ratio of 2.04 and a beta of 1.32. The firm has a 50 day moving average price of $148.90 and a two-hundred day moving average price of $149.09. The company has a quick ratio of 1.08, a current ratio of 1.61 and a debt-to-equity ratio of 0.27.

TE Connectivity (NYSE:TEL) last released its quarterly earnings results on Wednesday, October 30th. The electronics maker reported $1.95 earnings per share for the quarter, hitting the consensus estimate of $1.95. The business had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4 billion. TE Connectivity had a return on equity of 18.48% and a net margin of 20.15%. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period last year, the firm posted $1.78 EPS. As a group, analysts predict that TE Connectivity will post 8.14 earnings per share for the current year.

TE Connectivity announced that its board has authorized a share repurchase program on Wednesday, October 30th that authorizes the company to buyback $2.50 billion in outstanding shares. This buyback authorization authorizes the electronics maker to buy up to 5.4% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

About TE Connectivity

TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the AsiaPacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.