According to a recent report by Bloomberg, TE Connectivity Ltd. (NYSE:TEL) has received a consensus rating of “Hold” from the eight analysts currently covering the stock. Out of these analysts, five have recommended holding the stock, while three have issued a buy recommendation. The average 1-year target price among the analysts who have updated their coverage on the stock in the past year is $144.33.
As of Friday, TE Connectivity’s shares opened at $123.22. The company boasts a debt-to-equity ratio of 0.34, indicating a relatively stable financial position. Additionally, it has a current ratio of 1.80 and a quick ratio of 1.14, showcasing its ability to meet short-term obligations efficiently. The stock’s 50-day simple moving average is $134.29, while its 200-day simple moving average stands at $129.98.
With a market capitalization of $38.68 billion and a P/E ratio of 19.02, TE Connectivity commands a significant presence in the industry. Its P/E/G ratio – which accounts for both growth and earnings valuation – is calculated at 2.69, reflecting moderate growth prospects compared to its current valuation level. Moreover, the company has a beta of 1.35, indicating that it is more volatile than the overall market.
Over the past year, TE Connectivity experienced fluctuations in its stock price range between $104.76 and $146.60, revealing substantial volatility within that period.
Analysts suggest that interested investors keep an eye on TE Connectivity as it continues to navigate market trends and industry challenges.
In terms of institutional investments, several influential players have recently bought and sold shares of TEL’s stock holdings: Tucker Asset Management LLC acquired additional shares during the first quarter worth approximately $25,000; Cullen Frost Bankers Inc., on the other hand purchased a new position during this period for about $27,000; Magellan Asset Management Ltd acquired shares worth approximately $28,000 during the fourth quarter; Meanwhile, Silicon Valley Capital Partners and Delta Asset Management LLC TN added positions for around $30,000 and $33,000 respectively. Overall, institutional investors and hedge funds currently own 90.75% of the TE Connectivity stock.
In other news related to TE Connectivity, the company last released its quarterly earnings results on Wednesday, July 26th. During this period, it reported earnings per share (EPS) of $1.77 for the quarter – surpassing the consensus estimate of $1.66 by $0.11. Despite a slightly lower-than-expected revenue of $4 billion compared to analyst estimates of $4.05 billion, TE Connectivity managed to maintain a net margin of 12.63% and demonstrated a return on equity of 19.55%. However, revenue for the quarter was down 2.4% in comparison to the same period last year when the company earned an EPS of $1.86.
Analysts anticipate that TE Connectivity will post EPS of 6.71 for the current fiscal year.
Keeping a close eye on TE Connectivity’s financial performance may prove insightful as potential investors assess their investment strategies in light of recent market developments and evolving economic conditions.
Disclaimer: This article is not intended as financial advice nor does it endorse any specific investment decisions mentioned herein. It is solely for informational purposes only. Investors should conduct thorough research before making any investment decisions.
[bs_slider_forecast ticker=”AMT”]
Analysis and Recommendations for TE Connectivity Stock Performance: Insights from Research Firms and Insider Activity
On September 22, 2023, several research firms released their analyses of TE Connectivity (TEL), providing insights into the company’s performance and offering recommendations regarding its stock. Truist Financial raised their price target on TEL from $127.00 to $147.00 and assigned a “hold” rating to the stock. This update was shared in a research report on July 27th.
Another research firm, StockNews.com, assumed coverage on TE Connectivity and issued a “buy” rating for the stock on August 17th. This indicates positive sentiment towards TEL within the investment community.
Furthermore, Credit Suisse Group increased their price objective for TEL from $138.00 to $150.00 in a detailed research note that was published on June 20th.
Adding to the mix of opinions, Robert W. Baird lifted their target price for TEL shares from $149.00 to $153.00 in a report made public on July 27th.
In an unrelated event but still significant for shareholders, company Director Terrence R. Curtin completed a transaction involving the sale of 70,721 shares of TE Connectivity stock on July 31st. The average selling price per share was recorded at $143.02, leading to a total transaction value of $10,114,517.42.
Following this sale, Director Curtin retains ownership of approximately 54,969 shares in the company which are valued at approximately $7,861,666.38 as per current market prices.
All these developments were officially disclosed through documents filed with the Securities & Exchange Commission and can be accessed via the provided hyperlink.
It is relevant to note that insiders own only 0.80% of TE Connectivity’s outstanding stock as indicated by recent filings with regulatory authorities.
As investors navigate through these perplexing updates and figures surrounding TE Connectivity’s stock performance and insider transactions over the past couple of months, it remains crucial for them to assess their investment strategy in line with an objective analysis of these reports. The recommendations from research firms offer valuable insights, and investors may find it prudent to consider these opinions while formulating their approach.
Moreover, keeping track of insiders’ activities can provide additional cues into the sentiment within the company. While the recent sale by Director Terrence R. Curtin does not represent a significant portion of his overall ownership stake, it still highlights some activity within the insider group.
As always, market participants are encouraged to conduct thorough due diligence and consult with their financial advisors before making any investment decisions associated with TE Connectivity or any other publicly traded entity.
In conclusion, the various research reports surrounding TE Connectivity reflect the diverse perspectives and opinions within the investment community. These assessments can be helpful but must be carefully analyzed alongside other relevant factors when determining an appropriate investment strategy related to TEL stock.
