TE Connectivity Ltd. (NYSE:TEL) had its target price hoisted by equities research analysts at SunTrust Banks, Inc. to $90.00 in a research note issued on Thursday, November 2nd, The Fly reports. The brokerage currently has a “hold” rating on the electronics maker’s stock. SunTrust Banks, Inc.’s target price would suggest a potential downside of 4.07% from the company’s current price. The analysts noted that the move was a valuation call.
A number of other equities analysts have also issued reports on TEL. BidaskClub lowered TE Connectivity from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Morgan Stanley decreased their price objective on TE Connectivity from GBX 350 ($4.60) to GBX 269 ($3.54) and set an “overweight” rating for the company in a report on Tuesday, August 8th. Royal Bank Of Canada decreased their price objective on TE Connectivity from GBX 300 ($3.95) to GBX 225 ($2.96) and set an “outperform” rating for the company in a report on Thursday, August 10th. Cowen and Company reissued a “buy” rating and issued a $95.00 price objective on shares of TE Connectivity in a report on Thursday, August 10th. Finally, Zacks Investment Research lowered TE Connectivity from a “buy” rating to a “hold” rating in a report on Friday, August 25th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $150.00.
TE Connectivity (TEL) traded up $0.46 during trading hours on Thursday, hitting $93.82. The stock had a trading volume of 1,407,100 shares, compared to its average volume of 1,416,310. The company has a market capitalization of $32,991.94, a price-to-earnings ratio of 19.33, a PEG ratio of 1.80 and a beta of 1.06. TE Connectivity has a 52 week low of $66.14 and a 52 week high of $93.83. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.54 and a quick ratio of 1.07.
TE Connectivity (NYSE:TEL) last posted its earnings results on Wednesday, November 1st. The electronics maker reported $1.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.09. TE Connectivity had a return on equity of 18.97% and a net margin of 12.84%. The company had revenue of $3.46 billion during the quarter, compared to analyst estimates of $3.28 billion. During the same period in the prior year, the company earned $1.22 earnings per share. The business’s revenue was up 3.7% compared to the same quarter last year. sell-side analysts forecast that TE Connectivity will post 5.27 EPS for the current fiscal year.
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In other news, SVP Mario Calastri sold 8,539 shares of the stock in a transaction on Monday, November 6th. The stock was sold at an average price of $93.27, for a total value of $796,432.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Joseph B. Donahue sold 8,843 shares of the stock in a transaction on Monday, November 13th. The shares were sold at an average price of $93.25, for a total value of $824,609.75. Following the completion of the sale, the chief operating officer now owns 44,480 shares of the company’s stock, valued at approximately $4,147,760. The disclosure for this sale can be found here. Insiders have sold a total of 521,346 shares of company stock valued at $44,465,473 in the last quarter. Insiders own 1.49% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in TEL. Duncker Streett & Co. Inc. lifted its holdings in shares of TE Connectivity by 17.8% in the second quarter. Duncker Streett & Co. Inc. now owns 1,325 shares of the electronics maker’s stock valued at $104,000 after purchasing an additional 200 shares in the last quarter. First Command Bank raised its holdings in shares of TE Connectivity by 19.6% during the second quarter. First Command Bank now owns 1,348 shares of the electronics maker’s stock worth $106,000 after acquiring an additional 221 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of TE Connectivity by 38.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,379 shares of the electronics maker’s stock worth $109,000 after acquiring an additional 384 shares in the last quarter. AllSquare Wealth Management LLC purchased a new stake in shares of TE Connectivity during the third quarter worth $113,000. Finally, Acrospire Investment Management LLC purchased a new stake in shares of TE Connectivity during the second quarter worth $126,000. Institutional investors own 90.07% of the company’s stock.
TE Connectivity Company Profile
TE Connectivity Ltd. is a technology company. The Company designs and manufactures connectivity and sensors solutions. It operates through three segments: Transportation Solutions, Industrial Solutions and Communications Solutions. The Transportation Solutions segment offers connectivity and sensor technologies.
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