TE Connectivity (NYSE: TEL) has recently received a number of price target changes and ratings updates:

  • 9/26/2017 – 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.”
  • 9/20/2017 – 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.

Shares of TE Connectivity Ltd. (NYSE TEL) traded up 0.15% during trading on Wednesday, hitting $84.99. 552,516 shares of the stock were exchanged. The firm has a 50 day moving average of $80.47 and a 200-day moving average of $78.26. TE Connectivity Ltd. has a 52-week low of $60.59 and a 52-week high of $85.20. The stock has a market cap of $30.03 billion, a PE ratio of 18.04 and a beta of 1.08.

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

The business also recently announced 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 annualized dividend and a dividend yield of 1.89%. The ex-dividend date was Wednesday, August 23rd. TE Connectivity’s dividend payout ratio (DPR) is presently 33.97%.

In other TE Connectivity news, insider Thomas J. Lynch sold 186,033 shares of TE Connectivity stock in a transaction on 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Thomas J. Lynch sold 130,616 shares of TE Connectivity stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $83.37, for a total transaction of $10,889,455.92. Following the completion of the sale, the insider now owns 429,499 shares in the company, valued at $35,807,331.63. The disclosure for this sale can be found here. Insiders sold 693,747 shares of company stock worth $55,780,069 in the last three months. Insiders own 1.49% of the company’s stock.

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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