TE Connectivity Ltd. (NYSE:TEL) Given Average Rating of “Hold” by Brokerages

Shares of TE Connectivity Ltd. (NYSE:TEL) have been assigned a consensus recommendation of “Hold” from the twelve analysts that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $159.36.

A number of equities research analysts have commented on TEL shares. Wolfe Research raised TE Connectivity from a “peer perform” rating to an “outperform” rating in a report on Thursday, September 5th. HSBC cut shares of TE Connectivity from a “hold” rating to a “reduce” rating and set a $137.00 price objective for the company. in a research note on Thursday, October 31st. Hsbc Global Res cut shares of TE Connectivity from a “hold” rating to a “moderate sell” rating in a report on Thursday, October 31st. StockNews.com raised TE Connectivity from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Finally, The Goldman Sachs Group dropped their price objective on TE Connectivity from $189.00 to $179.00 and set a “buy” rating for the company in a research note on Tuesday, October 1st.

TE Connectivity Stock Down 0.2 %

TEL stock opened at $143.67 on Friday. TE Connectivity has a one year low of $128.52 and a one year 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 fifty day moving average of $150.07 and a 200-day moving average of $149.67. The stock has a market capitalization of $42.98 billion, a PE ratio of 13.99, a price-to-earnings-growth ratio of 2.04 and a beta of 1.32.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings data on Wednesday, October 30th. The electronics maker reported $1.95 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.95. The company had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4 billion. TE Connectivity had a return on equity of 18.48% and a net margin of 20.15%. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.78 EPS. As a group, analysts expect that TE Connectivity will post 8.14 EPS for the current year.

TE Connectivity announced that its Board of Directors has initiated a stock buyback plan on Wednesday, October 30th that authorizes the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization authorizes the electronics maker to repurchase up to 5.4% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Institutional Trading of TE Connectivity

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC raised its position in shares of TE Connectivity by 13.2% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 29,504 shares of the electronics maker’s stock valued at $4,438,000 after buying an additional 3,451 shares during the last quarter. Blue Trust Inc. raised its holdings in TE Connectivity by 48.6% in the 2nd quarter. Blue Trust Inc. now owns 700 shares of the electronics maker’s stock valued at $102,000 after acquiring an additional 229 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of TE Connectivity by 3.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 67,090 shares of the electronics maker’s stock worth $10,092,000 after purchasing an additional 2,010 shares during the period. First Horizon Advisors Inc. grew its position in shares of TE Connectivity by 4.2% in the second quarter. First Horizon Advisors Inc. now owns 3,134 shares of the electronics maker’s stock valued at $471,000 after purchasing an additional 125 shares during the period. Finally, First Citizens Bank & Trust Co. increased its stake in TE Connectivity by 1.5% in the second quarter. First Citizens Bank & Trust Co. now owns 28,477 shares of the electronics maker’s stock valued at $4,284,000 after purchasing an additional 429 shares during the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.

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.