TE Connectivity Ltd. (NYSE:TEL) Receives Consensus Rating of “Hold” from Brokerages

TE Connectivity Ltd. (NYSE:TEL) has received a consensus rating of “Hold” from the eleven analysts that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $160.70.

Several brokerages recently commented on TEL. Hsbc Global Res lowered TE Connectivity from a “hold” rating to a “moderate sell” rating in a research report on Thursday, October 31st. The Goldman Sachs Group reduced their price objective on shares of TE Connectivity from $189.00 to $179.00 and set a “buy” rating for the company in a research report on Tuesday, October 1st. HSBC downgraded shares of TE Connectivity from a “hold” rating to a “reduce” rating and set a $137.00 target price on the stock. in a research report on Thursday, October 31st. Bank of America decreased their price target on shares of TE Connectivity from $173.00 to $165.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Finally, StockNews.com raised shares of TE Connectivity from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 18th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Private Advisor Group LLC boosted its holdings in TE Connectivity by 45.3% during the second quarter. Private Advisor Group LLC now owns 15,549 shares of the electronics maker’s stock worth $2,339,000 after purchasing an additional 4,850 shares during the last quarter. Choreo LLC purchased a new stake in shares of TE Connectivity during the second quarter valued at approximately $1,362,000. LGT Group Foundation bought a new stake in TE Connectivity during the second quarter worth $222,000. Dorsey & Whitney Trust CO LLC boosted its position in TE Connectivity by 31.0% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 2,404 shares of the electronics maker’s stock worth $362,000 after purchasing an additional 569 shares during the last quarter. Finally, Andra AP fonden bought a new position in TE Connectivity in the 2nd quarter valued at $9,582,000. Institutional investors own 91.43% of the company’s stock.

TE Connectivity Stock Performance

NYSE:TEL opened at $143.66 on Thursday. The company has a market capitalization of $42.98 billion, a PE ratio of 13.99, a P/E/G ratio of 2.04 and a beta of 1.32. TE Connectivity has a fifty-two week low of $128.52 and a fifty-two week high of $159.98. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.08 and a current ratio of 1.61. The company has a 50 day simple moving average of $148.90 and a two-hundred day simple moving average of $149.09.

TE Connectivity (NYSE:TEL) last announced its earnings results on Wednesday, October 30th. The electronics maker reported $1.95 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.95. The business had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4 billion. TE Connectivity had a net margin of 20.15% and a return on equity of 18.48%. TE Connectivity’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter last year, the firm earned $1.78 earnings per share. Research analysts anticipate that TE Connectivity will post 8.14 earnings per share for the current year.

TE Connectivity announced that its Board of Directors has approved a stock repurchase program on Wednesday, October 30th that authorizes the company to repurchase $2.50 billion in shares. This repurchase authorization authorizes the electronics maker to purchase up to 5.4% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

TE Connectivity Company Profile

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.