TE Connectivity Ltd [TEL] stock is trading at $147.87, up 2.13%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The TEL shares have gain 3.63% over the last week, with a monthly amount glided 5.22%, and seem to be holding up well over a long-time horizon.
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On 3, April 2024, TE Connectivity to report second quarter financial results on April 24, 2024. In a post published today on Yahoo Finance, TE Connectivity Ltd. (NYSE: TEL) will report financial results for the second quarter of fiscal year 2024 before trading begins on April 24, 2024. The company will hold a conference call for investors at 8:30 a.m. ET. The conference call may be accessed in the following ways:.
From an analyst’s perspective:
TE Connectivity Ltd [NYSE: TEL] stock has seen the most recent analyst activity on April 09, 2024, when Jefferies initiated its Buy rating and assigned the stock a price target of $180. Previously, Citigroup started tracking the stock with Neutral rating on January 05, 2024, and set its price target to $146. On December 15, 2023, Wells Fargo initiated with a Equal Weight rating and assigned a price target of $144 on the stock. TD Cowen upgraded its rating to a Outperform and increased its price target to $140 on October 06, 2023. Credit Suisse upgraded its rating to a Outperform and raised its price target to $138 on May 19, 2023. Evercore ISI upgraded its rating to Outperform for this stock on May 05, 2023, and upped its price target to $150. In a note dated February 15, 2023, Stifel downgraded an Hold rating on this stock but restated the target price of $130.
TE Connectivity Ltd [TEL] stock has fluctuated between $115.00 and $147.96 over the past year. Currently, Wall Street analysts expect the stock to reach $161.17 within the next 12 months. TE Connectivity Ltd [NYSE: TEL] shares were valued at $147.87 at the most recent close of the market. An investor can expect a potential return of 8.99% 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 146.81 points at the first support level, and at 145.76 for the second support level. However, for the 1st resistance point, the stock is sitting at 148.45, and for the 2nd resistance point, it is at 149.04.
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. Also, the Quick Ratio is 1.16, while the Cash Ratio stands at 0.29. Considering the valuation of this stock, the price to sales ratio is 2.85, the price to book ratio is 3.48 and price to earnings (TTM) ratio is 14.04.
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.
