TE Connectivity PT Raised to $58.00 at UBS AG (TEL)
Investment analysts at UBS AG upped their target price on shares of TE Connectivity (NYSE:TEL) from $56.00 to $58.00 in a note issued to investors on Thursday, Analyst Ratings Net reports. The firm currently has a “buy” rating on the stock. UBS AG’s price objective points to a potential upside of 12.64% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital raised their price target on shares of TE Connectivity from $57.00 to $61.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at SunTrust initiated coverage on shares of TE Connectivity in a research note to investors on Tuesday, October 8th. They set a “neutral” rating on the stock. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $50.50.
Shares of TE Connectivity (NYSE:TEL) traded up 0.88% during mid-day trading on Thursday, hitting $51.49. The stock had a trading volume of 1,846,700 shares. TE Connectivity has a one year low of $31.74 and a one year high of $53.65. The stock’s 50-day moving average is $52.48 and its 200-day moving average is $48.15. The company has a market cap of $21.293 billion and a P/E ratio of 16.91.
TE Connectivity (NYSE:TEL) last released its earnings data on Wednesday, October 30th. The company reported $0.93 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.90 by $0.03. The company had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.42 billion. During the same quarter last year, the company posted $0.76 earnings per share. TE Connectivity’s revenue was up 2.0% compared to the same quarter last year. On average, analysts predict that TE Connectivity will post $3.65 earnings per share for the current fiscal year.
TE Connectivity Ltd., formerly Tyco Electronics Ltd., designs and manufactures over 500,000 products that connect and protect the flow of power and data inside various products.
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