TE Connectivity Ltd (NYSE:TEL) finished Wednesday with a subtraction of -$0.08 to close at $120.44, a downside of -0.07 percent. An average of 1,596,620 shares of common stock have been traded in the last five days. There was a fall of -$5.00 in the past week, and it reached a new high 27 times over the past 12 months. The last 20 days have seen an average of 1,353,830 shares traded, while the 50-day average volume stands at 1,517,660.
TEL stock has decreased by -7.18% in the last month. The company shares reached their 1-month lowest point of $119.64 on 09/27/23. With the stock rallying to its 52-week high on 07/26/23, shares of the company touched a low of $104.76 and a high of $146.60 in 52 weeks. It has reached a new high 25 times so far this year and achieved 4.91% or $5.64 in price. In spite of this, the price is down -17.84% from the 52-week high.
Insider Transactions
TEL stock investors should be aware that TE Connectivity Ltd (TEL) stock had its last reported insider trading activity 59 days ago on Jul 31. In this transaction, the insider spent $10,114,433. EVP & General Counsel, Jenkins John S, disposed of 25,025 shares at a price of $122.32 on May 08. The insider now owns more than $3,061,163 worth of shares. Prior to that, EVP & Chief Financial Officer MITTS HEATH A went on to Sale 9,418 shares at $123.12 each on May 01. An amount of $1,159,564 was transacted.
Valuation Metrics
TE Connectivity Ltd (TEL) has a trailing price-to-earnings (P/E) ratio of 18.59. The stock’s beta is 1.35. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.31, the price-to-book (PB) ratio at 3.33, and the price-to-cash flow ratio at 17.28.
Financial Health
The quick ratio of TE Connectivity Ltd for the three months ended June 29 was 1.14, and the current ratio was 1.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.34 and a total debt to equity ratio of 0.37 for the quarter ending June 29. TE Connectivity Ltd’s EBITDA margin for the year ending June 29 is 22.42%, while its operating margin for the same period stands at 16.55%. Its gross profit as reported stood at $5.24 billion compared to revenue of $16.28 billion.
Earnings Surprise
For the three-month period that ended June 29, TE Connectivity Ltd had $3.92 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $528.0 million in the quarter, while revenues were shrunk -12.5%. The analyst consensus anticipated TE Connectivity Ltd’s latest quarter earnings to come in at $1.66 per share, but it turned out to be $1.77, a 6.60% surprise. For the quarter, EBITDA amounted to $830.0 million. Shareholders own equity worth $313.94 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at TE Connectivity Ltd (TEL) price momentum. RSI 9-day as of the close on 27 September was 15.70%, suggesting the stock is oversold, with historical volatility in this time frame at 12.85%.
As of today, TEL’s price is $122.05 -3.99% or -$5.00 from its 5-day moving average. TEL is currently trading -8.19% lower than its 20-day SMA and +0.93% higher than its 100-day SMA. However, the stock’s current price level is -15.52% below the SMA50 and -1.38% below the SMA200.
The stochastic %K and %D were 5.94% and 4.41%, respectively, and the average true range (ATR) was 1.96. With the 14-day stochastic at 7.85% and the average true range at 1.97, the RSI (14) stands at 22.47%. The stock has reached -2.70 on the 9-day MACD Oscillator while the 14-day reading was at -4.27.
Analyst Ratings
Credit Suisse upgraded TE Connectivity Ltd (NYSE: TEL) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for TE Connectivity Ltd (TEL) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell TEL, while 9 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 5 others rate it as a “buy”.
What is TEL’s price target for the next 12 months?
Analysts predict a range of price targets between $115.00 and $168.00, with a median target of $152.00. Taking a look at these predictions, the average price target given by analysts for TE Connectivity Ltd (TEL) stock is $149.55.
