TE Connectivity Ltd. (NYSE:TEL) Receives $160.70 Average Target Price from Analysts

TE Connectivity Ltd. (NYSE:TEL) has earned a consensus recommendation of “Hold” from the eleven ratings firms that are presently covering the firm, MarketBeat reports. One research 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 twelve-month price target among brokers that have updated their coverage on the stock in the last year is $160.70.

A number of equities research analysts have recently weighed in on TEL shares. HSBC cut TE Connectivity from a “hold” rating to a “reduce” rating and set a $137.00 price objective for the company. in a research note on Thursday, October 31st. The Goldman Sachs Group decreased their target price on TE Connectivity from $189.00 to $179.00 and set a “buy” rating for the company in a report on Tuesday, October 1st. Bank of America decreased their target price on TE Connectivity from $173.00 to $165.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Wells Fargo & Company decreased their target price on TE Connectivity from $153.00 to $151.00 and set an “equal weight” rating for the company in a report on Monday, December 16th. Finally, StockNews.com upgraded TE Connectivity from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 18th.

Institutional Trading of TE Connectivity

Institutional investors have recently bought and sold shares of the business. Armstrong Advisory Group Inc. lifted its holdings in TE Connectivity by 208.3% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 222 shares of the electronics maker’s stock worth $34,000 after buying an additional 150 shares during the last quarter. Wolff Wiese Magana LLC lifted its holdings in shares of 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 purchasing an additional 245 shares during the last quarter. Hilltop National Bank purchased a new stake in shares of TE Connectivity in the 4th quarter valued at about $55,000. Vestor Capital LLC purchased a new stake in shares of TE Connectivity in the 3rd quarter valued at about $66,000. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of TE Connectivity in the 3rd quarter valued at about $75,000. 91.43% of the stock is owned by hedge funds and other institutional investors.

TE Connectivity Price Performance

TEL stock opened at $141.16 on Thursday. TE Connectivity has a 52-week low of $128.52 and a 52-week high of $159.98. The company has a quick ratio of 1.08, a current ratio of 1.61 and a debt-to-equity ratio of 0.27. The business has a fifty day moving average of $148.46 and a two-hundred day moving average of $148.93. The stock has a market cap of $42.23 billion, a price-to-earnings ratio of 13.74, a price-to-earnings-growth ratio of 2.04 and a beta of 1.32.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings data on Wednesday, October 30th. The electronics maker reported $1.95 earnings per share for the quarter, meeting analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $4 billion. During the same period in the previous year, the firm posted $1.78 earnings per share. The company’s revenue was up .8% on a year-over-year basis. As a group, research analysts anticipate that TE Connectivity will post 8.14 earnings per share for the current year.

TE Connectivity announced that its Board of Directors has initiated a share buyback program on Wednesday, October 30th that allows the company to buyback $2.50 billion in shares. This buyback authorization allows the electronics maker to purchase up to 5.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

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.