TE Connectivity (NYSE:TEL – Get Free Report) had its price objective upped by analysts at Truist Financial from $135.00 to $139.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has a “hold” rating on the electronics maker’s stock. Truist Financial’s price objective indicates a potential downside of 2.75% from the company’s current price.
Several other brokerages have also weighed in on TEL. StockNews.com started coverage on TE Connectivity in a report on Thursday, October 5th. They set a “buy” rating for the company. TD Cowen raised TE Connectivity from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $115.00 to $140.00 in a report on Friday, October 6th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $142.71.
View Our Latest Stock Report on TE Connectivity
TE Connectivity Stock Up 3.7 %
TEL traded up $5.04 during midday trading on Thursday, reaching $142.93. 884,621 shares of the company were exchanged, compared to its average volume of 1,548,913. The company has a market cap of $44.42 billion, a price-to-earnings ratio of 23.77, a price-to-earnings-growth ratio of 2.60 and a beta of 1.33. TE Connectivity has a one year low of $111.94 and a one year high of $146.60. The company’s fifty day moving average price is $126.32 and its 200 day moving average price is $130.48. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.20 and a current ratio of 1.77.
TE Connectivity (NYSE:TEL – Get Free Report) last posted its earnings results on Wednesday, November 1st. The electronics maker reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.02. TE Connectivity had a net margin of 11.91% and a return on equity of 18.88%. The firm had revenue of $4 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same quarter in the prior year, the business posted $1.88 EPS. The business’s revenue was down 9.1% compared to the same quarter last year. As a group, analysts expect that TE Connectivity will post 7.38 EPS for the current year.
Institutional Investors Weigh In On TE Connectivity
Large investors have recently made changes to their positions in the business. Citigroup Inc. increased its position in shares of TE Connectivity by 52.6% during the third quarter. Citigroup Inc. now owns 418,506 shares of the electronics maker’s stock valued at $51,698,000 after buying an additional 144,174 shares during the period. Phoenix Holdings Ltd. raised its position in shares of TE Connectivity by 20.3% in the 3rd quarter. Phoenix Holdings Ltd. now owns 23,936 shares of the electronics maker’s stock worth $2,957,000 after acquiring an additional 4,036 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in shares of TE Connectivity by 16.4% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 9,665 shares of the electronics maker’s stock valued at $1,194,000 after purchasing an additional 1,365 shares during the period. Integrated Advisors Network LLC boosted its position in shares of TE Connectivity by 72.7% during the third quarter. Integrated Advisors Network LLC now owns 3,034 shares of the electronics maker’s stock valued at $375,000 after purchasing an additional 1,277 shares in the last quarter. Finally, Financial Gravity Asset Management Inc. grew its stake in TE Connectivity by 1,800.0% in the third quarter. Financial Gravity Asset Management Inc. now owns 13,547 shares of the electronics maker’s stock worth $1,673,000 after purchasing an additional 12,834 shares during the period. 90.75% of the stock is currently owned by institutional investors.
About TE Connectivity
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.
Further Reading
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