TE Connectivity (TEL) – Investment Research Analysts’ Latest Ratings Updates

TE Connectivity (TEL) – Investment Research Analysts’ Latest Ratings Updates

TE Connectivity (NYSE: TEL) recently received a number of ratings updates from brokerages and research firms:

12/4/2018 – TE Connectivity is now covered by analysts at Jefferies Financial Group Inc. They set a “hold” rating and a $84.00 price target on the stock.

11/28/2018 – TE Connectivity was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “TE Connectivity’s robust solutions portfolio continues to be the key driver of its top-line growth. Well-performing Industrial and communications solutions are major positives. Further, solid organic growth in TE Connectivity’s automotive, commercial transportation and sensor transportation businesses are aiding the performance of its transportation solutions. We believe the company’s strong progress on its strategic priorities is expected to benefit its business in the long run. However, intensifying competition in the electronic components market poses a severe pricing pressure and risk to its market share. Also, sluggish auto production in Europe and China is a concern. Notably, the stock has underperformed the industry it belongs to on a year-to-date basis.”

11/22/2018 – TE Connectivity was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “TE Connectivity reported mixed fourth-quarter fiscal 2018 results wherein earnings topped the estimates whereas revenues lagged. However, the company witnessed year over year growth on both the fronts. The company’s robust solutions portfolio continued to drive its top-line growth during the reported quarter. Especially, industrial and communications solutions performed well. Further, solid organic growth in TE Connectivity’s automotive, commercial transportation and sensor transportation businesses aided the performance of its transportation solutions. We believe the company’s strong progress on its strategic priorities is expected to benefit its business in the long run. However, intensifying competition in the electronic components market poses a severe pricing pressure and risk to its market share. Also, sluggish auto production in Europe and China is a concern. Notably, the stock has underperformed the industry it belongs to on a year-to-date basis.”

11/16/2018 – TE Connectivity was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “TE Connectivity reported mixed fourth-quarter fiscal 2018 results wherein earnings topped the estimates whereas revenues lagged. The company is currently suffering from end market fluctuations due to which the company has provided weaker guidance for the current quarter. Also, sluggish auto production in Europe and China remains a concern for the company’s transportation solutions segment. Nevertheless, the company’s strong progress on its strategic priorities is expected to benefit its business in the long run. Further, its well-performing industrial and communications solutions portfolio is a major positive. However, intensifying competition in the electronic components market poses a severe pricing pressure and risk to its market share. Notably, the stock has underperformed the industry it belongs to on a year-to-date basis.”

11/1/2018 – TE Connectivity had its price target lowered by analysts at Royal Bank of Canada to $96.00. They now have a “positive” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.

10/31/2018 – TE Connectivity had its “hold” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $82.00 price target on the stock.

10/29/2018 – TE Connectivity was given a new $103.00 price target on by analysts at Royal Bank of Canada. They now have a “buy” rating on the stock.

10/8/2018 – TE Connectivity is now covered by analysts at Macquarie. They set an “outperform” rating on the stock.

Shares of NYSE:TEL traded down $3.66 during midday trading on Tuesday, reaching $74.17. The company’s stock had a trading volume of 3,166,542 shares, compared to its average volume of 1,900,512. The firm has a market capitalization of $26.39 billion, a P/E ratio of 13.22, a PEG ratio of 1.23 and a beta of 1.17. TE Connectivity Ltd has a twelve month low of $73.26 and a twelve month high of $108.23. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.41 and a quick ratio of 0.98.

TE Connectivity (NYSE:TEL) last released its quarterly earnings data on Wednesday, October 31st. The electronics maker reported $1.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.02. The firm had revenue of $3.51 billion for the quarter, compared to analyst estimates of $3.65 billion. TE Connectivity had a net margin of 17.69% and a return on equity of 20.06%. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.25 earnings per share. Equities analysts anticipate that TE Connectivity Ltd will post 5.72 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Friday, November 23rd will be paid a $0.44 dividend. The ex-dividend date is Wednesday, November 21st. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.37%. TE Connectivity’s payout ratio is currently 31.37%.

Several large investors have recently added to or reduced their stakes in the company. Proffitt & Goodson Inc. acquired a new stake in TE Connectivity during the third quarter valued at $106,000. Flagship Harbor Advisors LLC acquired a new stake in TE Connectivity during the second quarter valued at $111,000. Fort L.P. acquired a new stake in TE Connectivity during the second quarter valued at $115,000. Capital Guardian Trust Co. acquired a new stake in TE Connectivity during the third quarter valued at $119,000. Finally, Private Capital Group LLC acquired a new stake in TE Connectivity during the second quarter valued at $121,000. Hedge funds and other institutional investors own 91.74% of the company’s stock.

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 Asia–Pacific. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.

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