TE Connectivity Ltd. (NYSE:TEL) Receives $160.70 Consensus PT from Analysts

Shares of TE Connectivity Ltd. (NYSE:TELGet Free Report) have received an average recommendation of “Hold” from the eleven brokerages that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $160.70.

A number of analysts have recently issued reports on the company. Wells Fargo & Company dropped their target price on TE Connectivity from $153.00 to $151.00 and set an “equal weight” rating on the stock in a research report on Monday, December 16th. HSBC lowered shares of TE Connectivity from a “hold” rating to a “reduce” rating and set a $137.00 price objective on the stock. in a research note on Thursday, October 31st. Hsbc Global Res downgraded TE Connectivity from a “hold” rating to a “moderate sell” rating in a research report on Thursday, October 31st. StockNews.com raised shares of TE Connectivity from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 18th. Finally, The Goldman Sachs Group lowered their target price on TE Connectivity from $189.00 to $179.00 and set a “buy” rating on the stock in a report on Tuesday, October 1st.

Read Our Latest Stock Analysis on TE Connectivity

Institutional Trading of TE Connectivity

A number of large investors have recently bought and sold shares of TEL. Graypoint LLC raised its stake in shares of TE Connectivity by 9.9% in the fourth quarter. Graypoint LLC now owns 1,481 shares of the electronics maker’s stock valued at $212,000 after acquiring an additional 134 shares during the last quarter. Hilltop National Bank bought a new stake in TE Connectivity during the 4th quarter worth about $55,000. ST Germain D J Co. Inc. grew its holdings in TE Connectivity by 688.0% during the 4th quarter. ST Germain D J Co. Inc. now owns 725 shares of the electronics maker’s stock worth $104,000 after acquiring an additional 633 shares during the last quarter. First Hawaiian Bank acquired a new stake in TE Connectivity in the 4th quarter valued at about $3,062,000. Finally, Farmers Trust Co. bought a new position in shares of TE Connectivity in the fourth quarter worth about $361,000. 91.43% of the stock is currently owned by institutional investors.

TE Connectivity Stock Performance

NYSE TEL opened at $140.91 on Thursday. The company has a market capitalization of $42.15 billion, a P/E ratio of 13.72, a PEG ratio of 2.04 and a beta of 1.32. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.61 and a quick ratio of 1.08. TE Connectivity has a 1-year low of $128.52 and a 1-year high of $159.98. The business has a 50 day moving average price of $148.64 and a 200 day moving average price of $148.98.

TE Connectivity (NYSE:TELGet Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The electronics maker reported $1.95 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.95. TE Connectivity had a return on equity of 18.48% and a net margin of 20.15%. The business had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $4 billion. During the same quarter last year, the firm earned $1.78 earnings per share. The business’s revenue was up .8% on a year-over-year basis. Sell-side analysts expect that TE Connectivity will post 8.14 EPS for the current fiscal year.

TE Connectivity announced that its board has authorized a share buyback program on Wednesday, October 30th that allows the company to buyback $2.50 billion in outstanding shares. This buyback authorization allows the electronics maker to reacquire up to 5.4% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

TE Connectivity Company Profile

(Get Free Report

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.

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Analyst Recommendations for TE Connectivity (NYSE:TEL)

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