Shares of TE Connectivity Ltd. (NYSE:TEL - Get Free Report) have received an average recommendation of "Hold" from the eleven ratings firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $160.70.
A number of brokerages recently issued reports on TEL. The Goldman Sachs Group decreased their price target on shares of TE Connectivity from $189.00 to $179.00 and set a "buy" rating for the company in a research note on Tuesday, October 1st. HSBC downgraded shares of TE Connectivity from a "hold" rating to a "reduce" rating and set a $137.00 target price for the company. in a research note on Thursday, October 31st. Wells Fargo & Company decreased their price target 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. StockNews.com upgraded TE Connectivity from a "buy" rating to a "strong-buy" rating in a report on Wednesday, December 18th. Finally, Hsbc Global Res cut TE Connectivity from a "hold" rating to a "moderate sell" rating in a research note on Thursday, October 31st.
View Our Latest Analysis on TEL
TE Connectivity Stock Down 0.1 %
TEL stock traded down $0.10 during midday trading on Thursday, hitting $143.66. The company's stock had a trading volume of 1,425,537 shares, compared to its average volume of 1,311,367. TE Connectivity has a 52-week low of $128.52 and a 52-week high of $159.98. The firm has a 50-day simple moving average of $148.82 and a 200-day simple moving average of $149.05. 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 firm has a market capitalization of $42.98 billion, a P/E ratio of 13.99, a PEG ratio of 2.04 and a beta of 1.32.
TE Connectivity (NYSE:TEL - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The electronics maker reported $1.95 earnings per share 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 company had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4 billion. During the same quarter in the prior year, the business earned $1.78 EPS. TE Connectivity's revenue was up .8% on a year-over-year basis. As a group, equities analysts forecast that TE Connectivity will post 8.14 EPS for the current year.
TE Connectivity declared that its Board of Directors has approved a share repurchase plan on Wednesday, October 30th that allows the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization allows the electronics maker to purchase up to 5.4% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.
Institutional Trading of TE Connectivity
Several institutional investors and hedge funds have recently bought and sold shares of TEL. Armstrong Advisory Group Inc. raised its holdings in shares of TE Connectivity by 208.3% in the third quarter. Armstrong Advisory Group Inc. now owns 222 shares of the electronics maker's stock valued at $34,000 after buying an additional 150 shares during the last quarter. Wolff Wiese Magana LLC increased its position in 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 acquiring an additional 245 shares during the period. Vestor Capital LLC purchased a new stake in TE Connectivity during the 3rd quarter valued at approximately $66,000. Ashton Thomas Securities LLC acquired a new stake in TE Connectivity during the 3rd quarter worth approximately $75,000. Finally, Quarry LP purchased a new position in shares of TE Connectivity in the 2nd quarter valued at approximately $108,000. Hedge funds and other institutional investors own 91.43% of the company's stock.
About TE Connectivity
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Get Free ReportTE 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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