TE Connectivity Ltd. (NYSE:TEL) Receives $167.00 Average Price Target from Brokerages

TE Connectivity Ltd. (NYSE:TEL) has earned a consensus rating of “Hold” from the twelve analysts that are covering the company, MarketBeat reports. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $167.00.

TEL has been the topic of several recent analyst reports. StockNews.com cut shares of TE Connectivity from a “strong-buy” rating to a “buy” rating in a report on Friday, February 28th. Hsbc Global Res upgraded shares of TE Connectivity from a “moderate sell” rating to a “hold” rating in a report on Thursday, January 23rd. HSBC upgraded shares of TE Connectivity from a “reduce” rating to a “hold” rating and set a $166.00 target price on the stock in a report on Thursday, January 23rd. Wells Fargo & Company raised their target price on shares of TE Connectivity from $151.00 to $155.00 and gave the stock an “equal weight” rating in a report on Thursday, January 23rd. Finally, Bank of America raised their target price on shares of TE Connectivity from $167.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd.

TE Connectivity Trading Down 2.3 %

TEL stock opened at $147.24 on Friday. The company has a market capitalization of $43.93 billion, a PE ratio of 23.52, a price-to-earnings-growth ratio of 2.11 and a beta of 1.32. TE Connectivity has a one year low of $137.61 and a one year high of $159.98. The company’s 50 day moving average price is $148.18 and its two-hundred day moving average price is $148.77. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.10 and a current ratio of 1.68.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $1.95 EPS for the quarter, topping the consensus estimate of $1.89 by $0.06. The firm had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.92 billion. TE Connectivity had a net margin of 12.10% and a return on equity of 18.82%. The business’s revenue was up .1% compared to the same quarter last year. During the same period last year, the firm posted $1.84 earnings per share. As a group, analysts predict that TE Connectivity will post 8.05 earnings per share for the current fiscal year.

Insider Activity at TE Connectivity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 25,000 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $146.77, for a total transaction of $3,669,250.00. Following the completion of the transaction, the insider now owns 25,976 shares of the company’s stock, valued at approximately $3,812,497.52. This trade represents a 49.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On TE Connectivity

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vista Investment Management lifted its position in TE Connectivity by 0.5% during the fourth quarter. Vista Investment Management now owns 13,225 shares of the electronics maker’s stock valued at $1,891,000 after buying an additional 70 shares during the period. Optas LLC lifted its position in TE Connectivity by 4.2% during the third quarter. Optas LLC now owns 1,778 shares of the electronics maker’s stock valued at $268,000 after buying an additional 71 shares during the period. Silvercrest Asset Management Group LLC lifted its position in TE Connectivity by 2.1% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 3,732 shares of the electronics maker’s stock valued at $534,000 after buying an additional 75 shares during the period. Modera Wealth Management LLC lifted its position in TE Connectivity by 2.8% during the fourth quarter. Modera Wealth Management LLC now owns 2,861 shares of the electronics maker’s stock valued at $409,000 after buying an additional 78 shares during the period. Finally, King Luther Capital Management Corp lifted its position in TE Connectivity by 0.6% during the fourth quarter. King Luther Capital Management Corp now owns 14,006 shares of the electronics maker’s stock valued at $2,002,000 after buying an additional 83 shares during the period. Hedge funds and other institutional investors own 91.43% of the company’s stock.

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.