TE Connectivity Ltd. (TEL) Price Target Increased to $81.00 by Analysts at Stifel Nicolaus

TE Connectivity Ltd. (TEL) Price Target Increased to $81.00 by Analysts at Stifel Nicolaus

TE Connectivity Ltd. (NYSE:TEL) had its price target boosted by Stifel Nicolaus from $75.00 to $81.00 in a report issued on Thursday. Stifel Nicolaus currently has a buy rating on the stock.

Several other equities research analysts have also issued reports on TEL. Goldman Sachs Group, Inc. (The) lowered shares of TE Connectivity from a neutral rating to a sell rating and increased their target price for the stock from $63.00 to $64.00 in a research note on Wednesday, January 4th. Zacks Investment Research raised shares of TE Connectivity from a sell rating to a hold rating in a research note on Wednesday, October 12th. RBC Capital Markets reissued an outperform rating and set a $66.00 target price (up from $65.00) on shares of TE Connectivity in a research note on Thursday, November 3rd. Royal Bank Of Canada increased their target price on shares of TE Connectivity from $65.00 to $66.00 and gave the stock an outperform rating in a research note on Thursday, November 3rd. Finally, Longbow Research raised shares of TE Connectivity from a neutral rating to a buy rating in a research note on Thursday, January 12th. Two analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $68.40.

TE Connectivity (NYSE:TEL) traded down 0.43% on Thursday, reaching $74.41. The company had a trading volume of 992,539 shares. The company’s 50-day moving average price is $70.13 and its 200 day moving average price is $64.69. TE Connectivity has a 1-year low of $51.70 and a 1-year high of $76.46. The firm has a market capitalization of $26.49 billion, a P/E ratio of 13.02 and a beta of 1.19.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings results on Wednesday, January 25th. The company reported $1.15 EPS for the quarter, beating the consensus estimate of $1.00 by $0.15. TE Connectivity had a net margin of 16.56% and a return on equity of 19.26%. The company had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3 billion. During the same period in the prior year, the company earned $0.84 earnings per share. The firm’s revenue was up 8.1% on a year-over-year basis. On average, equities analysts forecast that TE Connectivity will post $4.34 EPS for the current year.

In other TE Connectivity news, insider Terrence R. Curtin sold 1,184 shares of the stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $66.53, for a total value of $78,771.52. Following the completion of the sale, the insider now owns 42,379 shares in the company, valued at approximately $2,819,474.87. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Thomas J. Lynch sold 123,633 shares of the stock in a transaction dated Tuesday, January 3rd. The shares were sold at an average price of $68.87, for a total transaction of $8,514,604.71. Following the completion of the sale, the chief executive officer now owns 462,388 shares of the company’s stock, valued at approximately $31,844,661.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 551,906 shares of company stock valued at $36,784,784. Insiders own 1.30% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Mycio Wealth Partners LLC increased its stake in TE Connectivity by 0.5% in the second quarter. Mycio Wealth Partners LLC now owns 5,558 shares of the company’s stock worth $317,000 after buying an additional 29 shares during the last quarter. Rothschild Investment Corp IL boosted its stake in TE Connectivity by 0.3% in the third quarter. Rothschild Investment Corp IL now owns 10,989 shares of the company’s stock valued at $707,000 after buying an additional 38 shares during the period. Oppenheimer & Co. Inc. boosted its stake in TE Connectivity by 0.8% in the third quarter. Oppenheimer & Co. Inc. now owns 7,225 shares of the company’s stock valued at $465,000 after buying an additional 60 shares during the period. SOL Capital Management CO boosted its stake in TE Connectivity by 0.4% in the second quarter. SOL Capital Management CO now owns 15,739 shares of the company’s stock valued at $899,000 after buying an additional 64 shares during the period. Finally, Bahl & Gaynor Inc. boosted its stake in TE Connectivity by 1.3% in the third quarter. Bahl & Gaynor Inc. now owns 6,559 shares of the company’s stock valued at $423,000 after buying an additional 87 shares during the period. Institutional investors own 91.03% of the company’s stock.

TE Connectivity Company Profile

TE Connectivity Ltd. is a technology company, which designs and manufactures connectivity and sensors solutions. The Company operates through three segments: Transportation Solutions, Industrial Solutions and Communications Solutions. The Company’s segments manufacture and distribute its products and solutions to a range of end markets.

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