TE Connectivity Ltd. (NYSE:TEL) Receives $159.55 Average Price Target from Analysts

TE Connectivity Ltd. (NYSE:TEL) has earned a consensus recommendation of “Hold” from the twelve brokerages that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $159.36.

Several research firms have recently weighed in on TEL. Bank of America dropped their price objective on shares of TE Connectivity from $173.00 to $165.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. StockNews.com upgraded TE Connectivity from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Hsbc Global Res cut shares of TE Connectivity from a “hold” rating to a “moderate sell” rating in a research note on Thursday, October 31st. HSBC lowered TE Connectivity from a “hold” rating to a “reduce” rating and set a $137.00 price objective on the stock. in a research report on Thursday, October 31st. Finally, Wolfe Research upgraded TE Connectivity from a “peer perform” rating to an “outperform” rating in a research report on Thursday, September 5th.

TE Connectivity Price Performance

Shares of TEL stock opened at $147.95 on Friday. 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 $44.26 billion, a P/E ratio of 14.41, a P/E/G ratio of 2.04 and a beta of 1.32. The stock has a 50 day moving average of $150.25 and a two-hundred day moving average of $149.77. The company has a current ratio of 1.61, a quick ratio of 1.08 and a debt-to-equity ratio of 0.27.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings data on Wednesday, October 30th. The electronics maker reported $1.95 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.95. TE Connectivity had a net margin of 20.15% and a return on equity of 18.48%. The company had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4 billion. During the same quarter in the prior year, the company posted $1.78 EPS. The business’s revenue was up .8% on a year-over-year basis. As a group, equities analysts expect that TE Connectivity will post 8.14 EPS for the current year.

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

Institutional Trading of TE Connectivity

Large investors have recently bought and sold shares of the business. Armstrong Advisory Group Inc. raised 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 acquiring an additional 150 shares during the period. Wolff Wiese Magana LLC lifted its stake in TE Connectivity by 2,450.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 255 shares of the electronics maker’s stock valued at $39,000 after acquiring an additional 245 shares in the last quarter. Family Firm Inc. bought a new position in shares of TE Connectivity during the 2nd quarter worth approximately $43,000. Isthmus Partners LLC acquired a new position in TE Connectivity during the second quarter worth $45,000. Finally, MCF Advisors LLC grew its position in TE Connectivity by 2,745.5% in the second quarter. MCF Advisors LLC now owns 313 shares of the electronics maker’s stock valued at $47,000 after purchasing an additional 302 shares in the last quarter. 91.43% of the stock is owned by institutional investors.

TE Connectivity Company Profile

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.