Major Brokerage Firms Issue Research Notes on TE Connectivity Ltd. (TEL)

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TE Connectivity Ltd. (NYSE:TEL) saw a downside of -0.10% to close Tuesday at $124.65 after subtracting -$0.12 on the day. The 5-day average trading volume is 2,281,680 shares of the company’s common stock. It has gained $125.75 in the past week and touched a new high 1 time within the past 5 days. An average of 1,754,685 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,717,980.

TEL’s 1-month performance is 7.92% or $10.70 on its low of $111.94 reached on 12/28/22. The company’s shares have touched a 52-week low of $104.76 and high of $152.85, with the stock’s rally to the 52-week high happening on 01/18/23. YTD, TEL has achieved 8.58% or $9.85 and has reached a new high 8 times. However, the current price is down -18.45% from the 52-week high price.


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Insider Transactions

TEL stock investors last saw insider trading activity on Dec 12.CURTIN TERRENCE R (Chief Exec. Officer & Director) most recently sold 31,396 shares at $121.92 per share on Dec 12. This transaction cost the insider $3,827,800. EVP & General Counsel, Jenkins John S, sold 2,674 shares at a price of $125.85 on Nov 18. Then, on Nov 16, Pres., Industrial Solutions Kroeger Shadrak W sold 42,150 shares at a price of $126.25 per share. This transaction amounted to $5,321,438.

Valuation Metrics

TEL stock has a beta of 1.30. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.41 while the price-to-book (PB) in the most recent quarter is 3.69, with the price to cash flow ratio at 38.62.

TE Connectivity Ltd.’s quick ratio for the period ended September 29 was 1.00, with the current ratio over the same period at 1.60. As well, the company’s long term debt to equity for the quarter ending September 29 was 0.30, while the total debt to equity was 0.39.. In terms of profitability, the gross margin trailing 12 months is 32.30%. The firm’s gross profit as reported stood at $5.24 billion against revenue of $16.28 billion.

Earnings Surprise

For the quarterly period ending September 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -12.15% to $708.0 million, while revenue of $594.0 million was 16.1% off the previous quarter. Analysts expected TEL to announce $1.86 per share in earnings in its latest quarter, but it posted $1.88, representing a 1.10% surprise. EBITDA for the quarter stood at more than $848.0 million. TEL stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 9.98 billion, with total debt at $4.64 billion. Shareholders hold equity totaling $317.23 million.

Let’s look briefly at TE Connectivity Ltd. (TEL) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 64.87% to suggest the stock is trending Neutral, with historical volatility in this time period at 15.31%.

The stock’s 5-day moving average is $123.25, reflecting a +0.35% or $0.44 change from its current price. TEL is currently trading +9.12% above its 20-day SMA, -1.35% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +9.15% and SMA200 by-0.33%.

Stochastic %K and %D was 84.16% and 77.80% and the average true range (ATR) pointed at 2.51. The RSI (14) points at 60.40%, while the 14-day stochastic is at 89.23% with the period’s ATR at 2.62. The stock’s 9-day MACD Oscillator is pointing at 0.26 and 1.67 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for TE Connectivity Ltd. (NYSE: TEL), Evercore ISI downgraded it to an In-line rating. They previously had an Outperform rating on the stock. Analysts offering their rating for TEL stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate TEL as a “sell,”, while 10 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 8 have offered a “buy” rating.

What is TEL’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $115.00 and a high of $171.00, with their median price target at $132.50. Looking at these predictions, the average price target given by analysts is for TE Connectivity Ltd. (TEL) stock is $137.75.

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