TE Connectivity Ltd. (NYSE:TEL) Receives Consensus Recommendation of “Hold” from Analysts
Shares of TE Connectivity Ltd. (NYSE:TEL – Get Rating) have earned a consensus recommendation of “Hold” from the twelve analysts that are currently covering the stock, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $136.50.
A number of equities research analysts recently issued reports on the company. Jefferies Financial Group upped their target price on TE Connectivity from $140.00 to $154.00 in a research note on Tuesday, November 22nd. Oppenheimer downgraded TE Connectivity from an “outperform” rating to a “market perform” rating in a report on Tuesday, December 6th. JPMorgan Chase & Co. lowered their target price on TE Connectivity from $135.00 to $130.00 and set a “neutral” rating for the company in a research note on Tuesday. StockNews.com upgraded TE Connectivity from a “hold” rating to a “buy” rating in a research note on Monday, December 5th. Finally, Bank of America reduced their price target on shares of TE Connectivity from $146.00 to $140.00 in a research report on Wednesday, November 2nd.
Insiders Place Their Bets
In other TE Connectivity news, Director Terrence R. Curtin sold 31,396 shares of the firm’s stock in a transaction dated Monday, December 12th. The shares were sold at an average price of $121.92, for a total value of $3,827,800.32. Following the transaction, the director now owns 54,969 shares of the company’s stock, valued at $6,701,820.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP John S. Jenkins sold 2,674 shares of TE Connectivity stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $125.85, for a total transaction of $336,522.90. Following the sale, the executive vice president now owns 16,782 shares of the company’s stock, valued at $2,112,014.70. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Terrence R. Curtin sold 31,396 shares of TE Connectivity stock in a transaction that occurred on Monday, December 12th. The shares were sold at an average price of $121.92, for a total value of $3,827,800.32. Following the sale, the director now directly owns 54,969 shares in the company, valued at approximately $6,701,820.48. The disclosure for this sale can be found here. Insiders have sold 76,220 shares of company stock valued at $9,485,761 over the last quarter. Insiders own 0.73% of the company’s stock.
Institutional Investors Weigh In On TE Connectivity
A number of hedge funds have recently made changes to their positions in the business. Baron Silver Stevens Financial Advisors LLC acquired a new position in shares of TE Connectivity during the third quarter valued at approximately $1,121,000. Farmers & Merchants Trust Co of Chambersburg PA increased its stake in shares of TE Connectivity by 135.6% during the second quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 238 shares of the electronics maker’s stock valued at $27,000 after acquiring an additional 137 shares during the period. TD Capital Management LLC acquired a new position in shares of TE Connectivity during the third quarter valued at approximately $27,000. Selective Wealth Management Inc. increased its stake in shares of TE Connectivity by 2,580.0% during the second quarter. Selective Wealth Management Inc. now owns 268 shares of the electronics maker’s stock valued at $30,000 after acquiring an additional 258 shares during the period. Finally, Glassman Wealth Services increased its stake in shares of TE Connectivity by 67.7% during the second quarter. Glassman Wealth Services now owns 270 shares of the electronics maker’s stock valued at $31,000 after acquiring an additional 109 shares during the period. Institutional investors own 90.61% of the company’s stock.
TE Connectivity Price Performance
TEL stock opened at $114.85 on Wednesday. TE Connectivity has a 1 year low of $104.76 and a 1 year high of $165.81. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.99 and a current ratio of 1.57. The stock’s 50 day moving average price is $120.11 and its 200 day moving average price is $121.71. The firm has a market cap of $36.43 billion, a P/E ratio of 15.37, a PEG ratio of 2.47 and a beta of 1.30.
TE Connectivity (NYSE:TEL – Get Rating) last posted its earnings results on Wednesday, November 2nd. The electronics maker reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $0.01. TE Connectivity had a return on equity of 22.31% and a net margin of 14.91%. The firm had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.22 billion. On average, sell-side analysts expect that TE Connectivity will post 6.87 earnings per share for the current fiscal 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 Asia-Pacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.
Further Reading
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