By otakuyassine3@gmail.com 
TE Connectivity (NYSE:TEL – Get Free Report) had its price objective boosted by equities research analysts at Citigroup from $160.00 to $165.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the electronics maker’s stock. Citigroup’s price objective suggests a potential upside of 6.65% from the company’s current price.
TEL has been the topic of several other reports. The Goldman Sachs Group lowered their price target on TE Connectivity from $189.00 to $179.00 and set a “buy” rating on the stock in a research 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 on the stock 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 on the stock 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 downgraded TE Connectivity from a “hold” rating to a “reduce” rating and set a $137.00 price target on the stock. in a report on Thursday, October 31st. One analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $161.09.
Read Our Latest Research Report on TEL
TE Connectivity Stock Up 4.3 %
TEL traded up $6.42 on Wednesday, reaching $154.72. The company’s stock had a trading volume of 3,162,103 shares, compared to its average volume of 1,874,537. The stock has a market cap of $46.18 billion, a price-to-earnings ratio of 15.06, a price-to-earnings-growth ratio of 1.99 and a beta of 1.32. TE Connectivity has a 1 year low of $133.57 and a 1 year high of $159.98. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.61 and a quick ratio of 1.08. The business’s 50 day moving average is $147.43 and its 200 day moving average is $148.76.
TE Connectivity (NYSE:TEL – Get Free Report) last released its earnings results on Wednesday, January 22nd. The electronics maker reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.06. The company had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3,916,310.63 billion. TE Connectivity had a return on equity of 18.48% and a net margin of 20.15%. TE Connectivity’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter last year, the business posted $1.84 EPS. As a group, research analysts forecast that TE Connectivity will post 8.1 EPS for the current fiscal year.
TE Connectivity declared that its Board of Directors has authorized a stock buyback plan on Wednesday, October 30th that authorizes the company to repurchase $2.50 billion in shares. This repurchase authorization authorizes the electronics maker to buy up to 5.4% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
Hedge Funds Weigh In On TE Connectivity
Hedge funds and other institutional investors have recently bought and sold shares of the business. Optas LLC boosted its holdings in shares of TE Connectivity by 4.2% during the third quarter. Optas LLC now owns 1,778 shares of the electronics maker’s stock worth $268,000 after acquiring an additional 71 shares during the period. OLD National Bancorp IN raised its position in TE Connectivity by 3.6% during the third quarter. OLD National Bancorp IN now owns 2,478 shares of the electronics maker’s stock valued at $374,000 after purchasing an additional 85 shares in the last quarter. Metis Global Partners LLC raised its position in TE Connectivity by 1.0% during the third quarter. Metis Global Partners LLC now owns 9,771 shares of the electronics maker’s stock valued at $1,475,000 after purchasing an additional 96 shares in the last quarter. Insigneo Advisory Services LLC grew its stake in shares of TE Connectivity by 2.4% during the third quarter. Insigneo Advisory Services LLC now owns 4,530 shares of the electronics maker’s stock worth $684,000 after buying an additional 108 shares during the last quarter. Finally, Concurrent Investment Advisors LLC grew its stake in shares of TE Connectivity by 6.4% during the third quarter. Concurrent Investment Advisors LLC now owns 1,956 shares of the electronics maker’s stock worth $295,000 after buying an additional 117 shares during the last quarter. Institutional investors own 91.43% of the company’s stock.
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.
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