TE Connectivity (NYSE:TEL - Get Free Report) had its price objective lowered by equities research analysts at JPMorgan Chase & Co. from $170.00 to $169.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a "neutral" rating on the electronics maker's stock. JPMorgan Chase & Co.'s target price suggests a potential upside of 20.34% from the company's previous close.
A number of other analysts have also issued reports on the stock. StockNews.com initiated coverage on shares of TE Connectivity in a research note on Monday. They issued a "buy" rating for the company. Robert W. Baird decreased their price objective on shares of TE Connectivity from $159.00 to $158.00 and set an "outperform" rating for the company in a report on Thursday. Jefferies Financial Group began coverage on shares of TE Connectivity in a report on Tuesday, April 9th. They issued a "buy" rating and a $180.00 price objective for the company. The Goldman Sachs Group reaffirmed a "buy" rating on shares of TE Connectivity in a report on Monday, April 1st. Finally, Stifel Nicolaus lifted their price objective on shares of TE Connectivity from $140.00 to $145.00 and gave the stock a "hold" rating in a report on Thursday, January 25th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $153.50.
View Our Latest Stock Report on TE Connectivity
TE Connectivity Price Performance
NYSE:TEL traded up $0.44 during mid-day trading on Thursday, hitting $140.44. 3,219,400 shares of the company's stock traded hands, compared to its average volume of 2,214,311. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.16 and a current ratio of 1.86. The firm's 50 day simple moving average is $142.59 and its 200 day simple moving average is $136.06. TE Connectivity has a 1 year low of $115.00 and a 1 year high of $147.98. The company has a market cap of $43.65 billion, a PE ratio of 13.32, a price-to-earnings-growth ratio of 2.04 and a beta of 1.39.
TE Connectivity (NYSE:TEL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The electronics maker reported $1.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.83 by $0.03. The business had revenue of $3.97 billion during the quarter, compared to analyst estimates of $3.96 billion. TE Connectivity had a net margin of 20.69% and a return on equity of 18.93%. The business's revenue was down 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.65 earnings per share. Sell-side analysts expect that TE Connectivity will post 7.59 EPS for the current year.
Insiders Place Their Bets
In other TE Connectivity news, insider Steven T. Merkt sold 99,777 shares of the business's stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $144.00, for a total value of $14,367,888.00. Following the sale, the insider now directly owns 30,459 shares in the company, valued at $4,386,096. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.86% of the stock is owned by company insiders.
Institutional Trading of TE Connectivity
Institutional investors and hedge funds have recently bought and sold shares of the stock. JFS Wealth Advisors LLC increased its holdings in shares of TE Connectivity by 97.8% in the 4th quarter. JFS Wealth Advisors LLC now owns 184 shares of the electronics maker's stock valued at $26,000 after purchasing an additional 91 shares during the period. Salem Investment Counselors Inc. increased its holdings in shares of TE Connectivity by 112.4% in the 1st quarter. Salem Investment Counselors Inc. now owns 189 shares of the electronics maker's stock valued at $27,000 after purchasing an additional 100 shares during the period. Bruce G. Allen Investments LLC acquired a new position in shares of TE Connectivity in the 4th quarter valued at about $30,000. Godsey & Gibb Inc. increased its holdings in shares of TE Connectivity by 103.6% in the 1st quarter. Godsey & Gibb Inc. now owns 224 shares of the electronics maker's stock valued at $33,000 after purchasing an additional 114 shares during the period. Finally, Crewe Advisors LLC acquired a new position in shares of TE Connectivity in the 4th quarter valued at about $33,000. Institutional investors and hedge funds own 91.43% of the company's stock.
TE Connectivity Company Profile
(
Get Free Report)
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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