TE Connectivity Ltd [TEL] stock is trading at $144.93, up 2.33%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The TEL shares have gain 2.55% over the last week, with a monthly amount glided 0.91%, and seem to be holding up well over a long-time horizon.
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On 21, March 2024, TE Connectivity welcomes third class to African Heritage Scholarship Program. In a post published today on Yahoo Finance, TE Connectivity, a world leader in connectors and sensors, will welcome another 10 students this year into its African Heritage Scholarship Program.
From an analyst’s perspective:
TE Connectivity Ltd [NYSE: TEL] stock has seen the most recent analyst activity on January 05, 2024, when Citigroup initiated its Neutral rating and assigned the stock a price target of $146. Previously, Wells Fargo started tracking the stock with Equal Weight rating on December 15, 2023, and set its price target to $144. On October 06, 2023, upgrade upgraded it’s rating to Outperform and revised its price target to $140 on the stock. Credit Suisse upgraded its rating to a Outperform and increased its price target to $138 on May 19, 2023. Evercore ISI upgraded its rating to a Outperform and raised its price target to $150 on May 05, 2023. Stifel downgraded its rating to Hold for this stock on February 15, 2023, but kept the price target unchanged to $130. In a note dated February 09, 2023, Wolfe Research downgraded an Peer Perform rating on this stock.
TE Connectivity Ltd [TEL] stock has fluctuated between $115.00 and $146.84 over the past year. Currently, Wall Street analysts expect the stock to reach $159.45 within the next 12 months. TE Connectivity Ltd [NYSE: TEL] shares were valued at $144.93 at the most recent close of the market. An investor can expect a potential return of 10.02% based on the average TEL price forecast.
Analyzing the TEL fundamentals
TE Connectivity Ltd [NYSE:TEL] reported sales of 16.02B for the trailing twelve months, which represents a drop of -0.26%. Gross Profit Margin for this corporation currently stands at 0.32% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.21%. To continue investigating profitability, this company’s Return on Assets is posted at 0.14, Equity is 0.28 and Total Capital is 0.13. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.32.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 143.36 points at the first support level, and at 141.79 for the second support level. However, for the 1st resistance point, the stock is sitting at 145.87, and for the 2nd resistance point, it is at 146.81.
TE Connectivity Ltd [TEL] reported earnings per share of $1.84 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.71/share, meaning a difference of $0.13 and a surprise factor of 7.60%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.78 per share as compared to estimates of $1.76 per share, a difference of $0.02 representing a surprise of 1.10%.
Ratios To Look Out For
For context, TE Connectivity Ltd’s Current Ratio is 1.86. Further, the Quick Ratio stands at 1.16, while the Cash Ratio is 0.29. Considering the valuation of this stock, the price to sales ratio is 2.79, the price to book ratio is 3.41 and price to earnings (TTM) ratio is 13.76.
Transactions by insiders
Recent insider trading involved Kroeger Shadrak W, Pres., Industrial Solutions, that happened on Mar 01 ’24 when 5000.0 shares were sold. President, Transportation Sol., MERKT STEVEN T completed a deal on Jan 29 ’24 to sell 99777.0 shares. Meanwhile, Chief Exec. Officer & Director CURTIN TERRENCE R sold 15772.0 shares on Dec 19 ’23.
