Several analysts have recently updated their ratings and price targets for TE Connectivity (NYSE: TEL):

  • 9/20/2017 – TE Connectivity had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $89.00 price target on the stock.
  • 9/19/2017 – TE Connectivity was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “TE Connectivity has a striking earnings surprise history over the four trailing quarters, beating estimates all through. Strong progress on strategic priorities, solid execution and impressive top-line growth are proving conducive to the company’s profitability. It expects transportation business to experience high-single-digit organic growth, fueled by rise in global auto production and impressive heavy truck business in key end markets. Also, its Communications and Industrial segments are witnessing strong rebound, thus stoking growth. However, sluggish industrial markets and derivative impact of lower oil prices are posing as major headwinds, thwarting growth. Also, adverse currency fluctuations and high restructuring expenses might hurt the company’s performance. The stock has also underperformed the industry average, year to date. The company is currently experiencing inefficiencies in its supply chain.”
  • 9/18/2017 – TE Connectivity was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $91.00 price target on the stock. According to Zacks, “TE Connectivity has a striking earnings surprise history over the four trailing quarters, beating estimates all through. Strong progress on strategic priorities, solid execution and impressive top-line growth are proving conducive to the company’s profitability. It expects transportation business to experience high-single-digit organic growth, fuelled by rise in global auto production and impressive heavy truck business in key end markets. Also, its Communications and Industrial segments are witnessing strong rebound, thus stoking growth. Additionally, TE Connectivity’s solid financial health adds to its strength. However, sluggish industrial markets and derivative impact of lower oil prices are posing as major headwinds, thwarting growth. Also, adverse currency fluctuations and high restructuring expenses might hurt the company’s performance. The stock has also underperformed the industry average, year to date.”
  • 9/12/2017 – TE Connectivity was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “TE Connectivity has a striking earnings surprise history over the four trailing quarters, beating estimates all through. Strong progress on strategic priorities, solid execution and impressive top-line growth are proving conducive to the company’s profitability. It expects transportation business to experience high-single-digit organic growth, fueled by rise in global auto production and impressive heavy truck business in key end markets. Also, its Communications and Industrial segments are witnessing strong rebound, thus stoking growth. However, sluggish industrial markets and derivative impact of lower oil prices are posing as major headwinds, thwarting growth. Also, adverse currency fluctuations and high restructuring expenses might hurt the company’s performance. The stock has also underperformed the industry average, year to date. The company is currently experiencing inefficiencies in its supply chain.”
  • 9/11/2017 – TE Connectivity was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $88.00 price target on the stock. According to Zacks, “TE Connectivity has a striking earnings surprise history over the four trailing quarters, beating estimates all through. Strong progress on strategic priorities, solid execution and impressive top-line growth are proving conducive to the company’s profitability. It expects transportation business to experience high-single-digit organic growth, fuelled by rise in global auto production and impressive heavy truck business in key end markets. Also, its Communications and Industrial segments are witnessing strong rebound, thus stoking growth. Additionally, TE Connectivity’s solid financial health adds to its strength. However, sluggish industrial markets and derivative impact of lower oil prices are posing as major headwinds, thwarting growth. Also, adverse currency fluctuations and high restructuring expenses might hurt the company’s performance. The stock has also underperformed the industry average, year to date.”
  • 9/5/2017 – TE Connectivity was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “TE Connectivity has a striking earnings surprise history over the four trailing quarters, beating estimates all through. Strong progress on strategic priorities, solid execution and impressive top-line growth are proving conducive to the company’s profitability. It expects transportation business to experience high-single-digit organic growth, fueled by rise in global auto production and impressive heavy truck business in key end markets. Also, its Communications and Industrial segments are witnessing strong rebound, thus stoking growth. However, sluggish industrial markets and derivative impact of lower oil prices are posing as major headwinds, thwarting growth. Also, adverse currency fluctuations and high restructuring expenses might hurt the company’s performance. The stock has also underperformed the industry average, year to date. The company is currently experiencing inefficiencies in its supply chain.”
  • 9/4/2017 – TE Connectivity was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $89.00 price target on the stock. According to Zacks, “TE Connectivity has a striking earnings surprise history over the four trailing quarters, beating estimates all through. Strong progress on strategic priorities, solid execution and impressive top-line growth are proving conducive to the company’s profitability. The company expects transportation business to experience high-single-digit organic growth, fuelled by rise in global auto production and impressive heavy truck business in key end markets. Moreover, its Communications and Industrial segments are witnessing strong rebound, thus stoking growth. However, sluggish industrial markets and derivative impact of lower oil prices are posing as major headwinds, thwarting growth. Also, adverse currency fluctuations and high restructuring expenses might hurt the company’s performance. The stock has also underperformed the industry average, year to date.”
  • 8/28/2017 – TE Connectivity was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $88.00 price target on the stock. According to Zacks, “TE Connectivity has a striking earnings surprise history over the four trailing quarters, beating estimates all through. Strong progress on strategic priorities, solid execution and impressive top-line growth are proving conducive to the company’s profitability. It expects transportation business to experience high-single-digit organic growth, fuelled by rise in global auto production and impressive heavy truck business in key end markets. Also, its Communications and Industrial segments are witnessing strong rebound, thus stoking growth. Additionally, TE Connectivity’s solid financial health adds to its strength. However, sluggish industrial markets and derivative impact of lower oil prices are posing as major headwinds, thwarting growth. Also, adverse currency fluctuations and high restructuring expenses might hurt the company’s performance. The stock has also underperformed the industry average, year to date.”
  • 8/25/2017 – TE Connectivity was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “TE Connectivity’s third-quarter fiscal 2017 adjusted earnings beat the Zacks Consensus Estimate by 6% and also went up 14.8% year over year. The impressive earnings were driven by continued progress on strategic priorities, solid execution and impressive rise in the top line. TE Connectivity expects transportation business to experience high-single-digit organic increase, fuelled by rise in global auto production and impressive heavy truck business in key end markets. However, on the flip side, TE Connectivity expects seasonal declines in the upcoming quarters. Also supply chain inefficiencies are likely to have a negative impact on growth. Sluggish industrial markets and derivative impact of lower oil prices are posing as major headwinds, thwarting growth.Also, adverse currency fluctuations and high restructuring expenses might hurt the company. The stock has also underperformed the industry average over the past year.”
  • 8/18/2017 – TE Connectivity was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/10/2017 – TE Connectivity had its “buy” rating reaffirmed by analysts at Cowen and Company. They now have a $95.00 price target on the stock.
  • 8/4/2017 – TE Connectivity was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/25/2017 – TE Connectivity was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.

TE Connectivity Ltd. (TEL) traded down 0.02% during midday trading on Wednesday, hitting $82.51. 919,720 shares of the stock were exchanged. The firm has a market capitalization of $29.16 billion, a P/E ratio of 17.52 and a beta of 1.05. The firm’s 50-day moving average price is $79.70 and its 200 day moving average price is $77.71. TE Connectivity Ltd. has a 1-year low of $60.59 and a 1-year high of $85.20.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings results on Wednesday, July 26th. The electronics maker reported $1.24 EPS for the quarter, topping the Zacks’ consensus estimate of $1.17 by $0.07. The firm had revenue of $3.37 billion for the quarter, compared to analysts’ expectations of $3.28 billion. TE Connectivity had a net margin of 12.98% and a return on equity of 19.76%. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.08 earnings per share. Analysts expect that TE Connectivity Ltd. will post $4.75 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Friday, August 25th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend was Wednesday, August 23rd. TE Connectivity’s payout ratio is presently 33.97%.

In other news, insider Thomas J. Lynch sold 186,033 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $79.75, for a total value of $14,836,131.75. Following the sale, the insider now directly owns 504,884 shares in the company, valued at approximately $40,264,499. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thomas J. Lynch sold 186,034 shares of the firm’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $78.65, for a total transaction of $14,631,574.10. Following the completion of the sale, the insider now owns 504,885 shares in the company, valued at $39,709,205.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 749,165 shares of company stock worth $59,522,187. 1.49% of the stock is owned by company insiders.

TE Connectivity Ltd. is a technology company. The Company designs and manufactures connectivity and sensors solutions. It operates through three segments: Transportation Solutions, Industrial Solutions and Communications Solutions. The Transportation Solutions segment offers connectivity and sensor technologies.

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