Investment analysts at Jefferies Financial Group initiated coverage on shares of TE Connectivity (NYSE:TEL) in a report issued on Tuesday, Marketbeat reports. The firm set a “hold” rating and a $84.00 price target on the electronics maker’s stock. Jefferies Financial Group’s price objective would indicate a potential upside of 13.25% from the stock’s previous close.
Several other equities research analysts also recently commented on TEL. Zacks Investment Research upgraded TE Connectivity from a “sell” rating to a “hold” rating in a report on Thursday, November 22nd. Royal Bank of Canada dropped their price objective on TE Connectivity to $96.00 and set a “positive” rating on the stock in a report on Thursday, November 1st. They noted that the move was a valuation call. SunTrust Banks restated a “hold” rating and set a $82.00 price objective on shares of TE Connectivity in a report on Wednesday, October 31st. Macquarie initiated coverage on TE Connectivity in a report on Monday, October 8th. They set an “outperform” rating on the stock. Finally, Morgan Stanley dropped their price objective on TE Connectivity from $116.00 to $107.00 and set an “overweight” rating on the stock in a report on Monday, September 17th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $106.00.
Shares of NYSE:TEL opened at $74.17 on Tuesday. The stock has a market cap of $26.39 billion, a P/E ratio of 13.22, a P/E/G ratio of 1.24 and a beta of 1.16. The company has a current ratio of 1.41, a quick ratio of 0.98 and a debt-to-equity ratio of 0.28. TE Connectivity has a one year low of $73.26 and a one year high of $108.23.
TE Connectivity (NYSE:TEL) last announced its earnings results on Wednesday, October 31st. The electronics maker reported $1.35 EPS for the quarter, beating the consensus estimate of $1.33 by $0.02. The business had revenue of $3.51 billion for the quarter, compared to the consensus estimate of $3.65 billion. TE Connectivity had a return on equity of 20.06% and a net margin of 17.69%. The company’s revenue was up 8.5% on a year-over-year basis. During the same period last year, the business posted $1.25 EPS. On average, equities analysts forecast that TE Connectivity will post 5.72 earnings per share for the current year.
Several institutional investors and hedge funds have recently modified their holdings of TEL. Cornerstone Wealth Management LLC acquired a new position in shares of TE Connectivity in the 2nd quarter worth approximately $489,000. Piedmont Investment Advisors LLC acquired a new position in shares of TE Connectivity in the 2nd quarter worth approximately $357,000. Raymond James Financial Services Advisors Inc. grew its position in shares of TE Connectivity by 27.3% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 40,543 shares of the electronics maker’s stock worth $3,651,000 after acquiring an additional 8,707 shares in the last quarter. TD Asset Management Inc. grew its position in shares of TE Connectivity by 1.0% in the 2nd quarter. TD Asset Management Inc. now owns 118,887 shares of the electronics maker’s stock worth $10,707,000 after acquiring an additional 1,213 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its position in shares of TE Connectivity by 17.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 13,427 shares of the electronics maker’s stock worth $1,209,000 after acquiring an additional 2,042 shares in the last quarter. Institutional investors own 91.74% of the company’s stock.
About TE Connectivity
TE Connectivity Ltd., together with its subsidiaries, engages in the design, manufacture, and sale of connectivity and sensors solutions in the Americas, Europe, the Middle East, Africa, and the AsiaPacific. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.
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