TE Connectivity Ltd. (NYSE:TEL – Get Free Report) has been assigned a consensus rating of “Hold” from the thirteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $161.82.
TEL has been the topic of a number of research reports. Wells Fargo & Company lowered their price objective on TE Connectivity from $155.00 to $153.00 and set an “equal weight” rating on the stock in a research report on Friday, September 20th. Bank of America lowered their price objective on TE Connectivity from $173.00 to $165.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. HSBC cut TE Connectivity from a “buy” rating to a “hold” rating and set a $162.00 price objective on the stock. in a research report on Wednesday, July 24th. The Goldman Sachs Group lowered their price target on TE Connectivity from $189.00 to $179.00 and set a “buy” rating on the stock in a research report on Tuesday, October 1st. Finally, Vertical Research started coverage on TE Connectivity in a research report on Tuesday, July 23rd. They issued a “hold” rating and a $155.00 price target on the stock.
Check Out Our Latest Report on TE Connectivity
Insiders Place Their Bets
Hedge Funds Weigh In On TE Connectivity
Hedge funds have recently added to or reduced their stakes in the stock. Versant Capital Management Inc lifted its stake in TE Connectivity by 209.8% in the second quarter. Versant Capital Management Inc now owns 189 shares of the electronics maker’s stock valued at $28,000 after buying an additional 128 shares during the period. Olistico Wealth LLC acquired a new position in TE Connectivity in the second quarter valued at about $30,000. Armstrong Advisory Group Inc. lifted its stake in TE Connectivity by 208.3% in the third quarter. Armstrong Advisory Group Inc. now owns 222 shares of the electronics maker’s stock valued at $34,000 after buying an additional 150 shares during the period. Bank & Trust Co acquired a new position in TE Connectivity in the second quarter valued at about $35,000. Finally, Wolff Wiese Magana LLC lifted its stake in TE Connectivity by 2,450.0% in the third quarter. Wolff Wiese Magana LLC now owns 255 shares of the electronics maker’s stock valued at $39,000 after buying an additional 245 shares during the period. Institutional investors and hedge funds own 91.43% of the company’s stock.
TE Connectivity Stock Performance
Shares of NYSE TEL opened at $149.13 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.51 and a debt-to-equity ratio of 0.23. The business’s 50 day moving average is $148.03 and its two-hundred day moving average is $148.22. The company has a market cap of $45.67 billion, a P/E ratio of 13.64, a P/E/G ratio of 1.89 and a beta of 1.33. TE Connectivity has a 12 month low of $115.00 and a 12 month high of $159.98.
TE Connectivity (NYSE:TEL – Get Free Report) last issued its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $1.91 EPS for the quarter, topping the consensus estimate of $1.86 by $0.05. The company had revenue of $4 billion for the quarter, compared to the consensus estimate of $4.01 billion. TE Connectivity had a return on equity of 18.53% and a net margin of 21.94%. The company’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the previous year, the business posted $1.77 EPS. On average, equities analysts expect that TE Connectivity will post 7.56 EPS for the current year.
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.
Featured Articles
- Five stocks we like better than TE Connectivity
- Differences Between Momentum Investing and Long Term Investing
- Texas Roadhouse Stock Steering for New Highs This Year
- How to Capture the Benefits of Dividend Increases
- Monopar Therapeutics Skyrockets 400% on Licensing Deal
- 3 Ways To Invest In Coffee, Other Than Drinking It
- Tractor Supply Stock Pulls Back: A Prime Buying Opportunity
Receive News & Ratings for TE Connectivity Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TE Connectivity and related companies with MarketBeat.com's FREE daily email newsletter.