The Short-term Rise and Fall of TE Connectivity plc (TEL) Stock

TE Connectivity plc [TEL] stock is trading at $144.78, down -2.14%. 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 lost -3.37% over the last week, with a monthly amount drifted -2.41%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

TE Connectivity plc [NYSE: TEL] stock has seen the most recent analyst activity on October 31, 2024, when HSBC Securities downgraded its rating to a Reduce but kept the price target unchanged to $137 for it. Previously, Wolfe Research upgraded its rating to Outperform on September 05, 2024. On July 24, 2024, downgrade downgraded it’s rating to Hold but maintained its price target of $162 on the stock. Vertical Research started tracking the stock assigning a Hold rating and suggested a price target of $155 on July 23, 2024. Jefferies initiated its recommendation with a Buy and recommended $180 as its price target on April 09, 2024. Citigroup started tracking with a Neutral rating for this stock on January 05, 2024, and assigned it a price target of $146. In a note dated December 15, 2023, Wells Fargo initiated an Equal Weight rating and provided a target price of $144 on this stock.

TE Connectivity plc [TEL] stock has fluctuated between $128.52 and $159.98 over the past year. Currently, Wall Street analysts expect the stock to reach $154 within the next 12 months. TE Connectivity plc [NYSE: TEL] shares were valued at $144.78 at the most recent close of the market. An investor can expect a potential return of 6.37% based on the average TEL price forecast.

Analyzing the TEL fundamentals

TE Connectivity plc [NYSE:TEL] reported sales of 15.85B for the trailing twelve months, which represents a growth of 0.82%. Gross Profit Margin for this corporation currently stands at 0.34% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.18%, and Net Profit Margin reading is 0.2%. To continue investigating profitability, this company’s Return on Assets is posted at 0.14, Equity is 0.25 and Total Capital is 0.16. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.34.

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 142.87 points at the first support level, and at 140.95 for the second support level. However, for the 1st resistance point, the stock is sitting at 148.49, and for the 2nd resistance point, it is at 152.19.

Ratios To Look Out For

For context, TE Connectivity plc’s Current Ratio is 1.61. Further, the Quick Ratio stands at 1.08, while the Cash Ratio is 0.28. Considering the valuation of this stock, the price to sales ratio is 2.73, the price to book ratio is 3.51 and price to earnings (TTM) ratio is 14.10.

Transactions by insiders

Recent insider trading involved MERKT STEVEN T, Officer, that happened on Nov 21 ’24 when 53194.0 shares were purchased. Chief Exec. Officer & Director, CURTIN TERRENCE R completed a deal on Nov 11 ’24 to sell 0.12 million shares. Meanwhile, Officer CURTIN TERRENCE R bought 0.12 million shares on Nov 11 ’24.

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