TE Connectivity (NYSE:TEL) Upgraded at StockNews.com

StockNews.com upgraded shares of TE Connectivity (NYSE:TEL) from a buy rating to a strong-buy rating in a research note issued to investors on Wednesday.

Other research analysts have also issued reports about the company. The Goldman Sachs Group decreased their target price on TE Connectivity from $189.00 to $179.00 and set a “buy” rating for the company in a report on Tuesday, October 1st. Wells Fargo & Company decreased their price objective on TE Connectivity from $153.00 to $151.00 and set an “equal weight” rating for the company in a research note on Monday, December 16th. HSBC lowered shares of TE Connectivity from a “hold” rating to a “reduce” rating and set a $137.00 target price on the stock. in a research note on Thursday, October 31st. Bank of America lowered their price target on shares of TE Connectivity from $173.00 to $165.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Finally, Hsbc Global Res lowered shares of TE Connectivity from a “hold” rating to a “moderate sell” rating in a report on Thursday, October 31st. One analyst has rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $159.36.

TE Connectivity Stock Performance

NYSE TEL opened at $143.67 on Wednesday. The company has a market cap of $42.98 billion, a P/E ratio of 13.99, a P/E/G ratio of 2.04 and a beta of 1.32. TE Connectivity has a 1-year low of $128.52 and a 1-year high of $159.98. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.61 and a quick ratio of 1.08. The stock has a 50-day moving average of $150.07 and a two-hundred day moving average of $149.66.

TE Connectivity (NYSE:TEL) last announced its earnings results on Wednesday, October 30th. The electronics maker reported $1.95 earnings per share for the quarter, hitting the consensus estimate of $1.95. TE Connectivity had a net margin of 20.15% and a return on equity of 18.48%. The firm had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4 billion. During the same period in the prior year, the firm earned $1.78 EPS. The firm’s revenue for the quarter was up .8% on a year-over-year basis. As a group, analysts anticipate that TE Connectivity will post 8.14 EPS for the current year.

TE Connectivity declared that its Board of Directors has approved a share repurchase plan on Wednesday, October 30th that allows the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization allows the electronics maker to purchase up to 5.4% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Armstrong Advisory Group Inc. boosted its stake in shares of TE Connectivity by 208.3% during the third quarter. Armstrong Advisory Group Inc. now owns 222 shares of the electronics maker’s stock worth $34,000 after buying an additional 150 shares during the period. Wolff Wiese Magana LLC lifted its position in TE Connectivity by 2,450.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 255 shares of the electronics maker’s stock worth $39,000 after acquiring an additional 245 shares during the period. Family Firm Inc. purchased a new position in shares of TE Connectivity in the 2nd quarter valued at approximately $43,000. Isthmus Partners LLC acquired a new position in shares of TE Connectivity in the second quarter valued at approximately $45,000. Finally, MCF Advisors LLC lifted its holdings in shares of TE Connectivity by 2,745.5% during the second quarter. MCF Advisors LLC now owns 313 shares of the electronics maker’s stock worth $47,000 after purchasing an additional 302 shares during the period. 91.43% of the stock is currently owned by institutional investors and hedge funds.

TE Connectivity Company Profile

TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the AsiaPacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.