As of Thursday close, TE Connectivity Ltd.’s (NYSE:TEL) stock was down -$2.22, moving down -1.77 percent to $123.22. The average number of shares traded per day over the past five days has been 1,433,280 shares. 1 time new highs have been achieved over the past 5 days, with a -$5.97 fall in that time frame. In the last twenty days, the average volume was 1,394,280, while in the previous 50 days, it was 1,500,006.
Since last month, TEL stock retreated -3.56%. Shares of the company fell to $123.16 on 09/21/23, the lowest level in the past month. A 52-week high of $146.60 was reached on 07/26/23 after having rallying from a 52-week low of $104.76. Since the beginning of this year, TEL’s stock price has risen by 7.33% or $8.42, and marked a new high 25 times. However, the stock has declined by -15.95% since its 52-week high.
TEL stock investors should be aware that TE Connectivity Ltd. (TEL) stock had its last reported insider trading activity 53 days ago on Jul 31. CURTIN TERRENCE R, the Chief Exec. Officer & Director of the company, disposed of 70,721 shares for $143.02 on Jul 31. It resulted in a $10,114,433 divestment by the insider. Jenkins John S sold 25,025 shares at an average price of $122.32 on May 08. The insider now owns 22,486 shares following the transaction. On May 01, EVP & Chief Financial Officer MITTS HEATH A sold 9,418 shares at $123.12 apiece. The transaction was valued at $1,159,564.
Valuation Metrics
Right now, TE Connectivity Ltd. (TEL) has a P/E ratio of about 19.07. The stock’s beta is 1.35. Besides these, the trailing price-to-sales (P/S) ratio of 2.41, the price-to-book (PB) ratio of 3.42, and the price-to-cash flow ratio of 18.03 may also be considered.
The latest dividend of $0.59 per share was paid out, remained unchanged from last year’s $0.59.
Financial Health
In the three months ended June 29, TE Connectivity Ltd.’s quick ratio stood at 1.10, while its current ratio was 1.80, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.34, and the total debt-to-equity ratio was 0.37. On the profitability front, the trailing twelve-month gross margin is 31.30% percent. In the year ended June 29, EBITDA margin amounted to 22.42%, whereas operating margins totaled 14.20%. Based on annual data, TEL earned $5.24 billion in gross profit and brought in $16.28 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 16.30%. Return on equity (ROE) for the past 12 months was 18.60%.
In TE Connectivity Ltd.’s quarter-end financial report for June 29, it reported total debt of $3.92 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. TEL’s revenue fell -2.48% to $4.16 billion during the quarter, while net income inched up to $4.0 billion. While analysts expected TE Connectivity Ltd. to report $1.66 quarterly earnings, the actual figure was $1.77 per share, beating the consensus estimate by 6.60%. During the quarter, the company generated $830.0 million in EBITDA. The liabilities of TE Connectivity Ltd. were 10.35 billion at the end of its most recent quarter ended June 29, and its total debt was $4.25 billion. The value of shareholders’ equity is $313.94 million.
Technical Picture
This quick technical analysis looks at TE Connectivity Ltd.’s (TEL) price momentum. With a historical volatility rate of 14.35%, the RSI 9-day stood at 22.03% on 21 September.
With respect to its five-day moving average, the current TE Connectivity Ltd. price is down by -4.62% percent or -$5.97. At present, TEL shares trade -4.46% below its 20-day simple moving average and +0.69% percent above its 100-day simple moving average. However, the stock is currently trading approximately -13.64% below its SMA50 and -2.04% below its SMA200.
Stochastic coefficient K was 6.54% and Stochastic coefficient D was 9.61%, while ATR was 2.01. Given the Stochastic reading of 0.57% for the 14-day period, the RSI (14) reading has been calculated as 27.63%. As of today, the MACD Oscillator reading stands at -1.86, while the 14-day reading stands at -2.93.
Analyst Ratings
Credit Suisse upgraded its rating on TE Connectivity Ltd. (NYSE: TEL) to an Outperform in a note to investors on May 19, 2023. The analysts firm previously had a Neutral rating on the stock.TE Connectivity Ltd. (TEL) has been rated Overweight by analysts. According to 0 brokerage firms, TEL is a sell, and 9 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 2 analysts rate TE Connectivity Ltd. stock as buy, with 5 recommending it as overweight.
With a median target price of $152.00, the current consensus forecast for the stock is $115.00 – $168.00. Based on these forecasts, analysts predict TE Connectivity Ltd. (TEL) will achieve an average price target of $149.55.
