TE Connectivity (NYSE:TEL) Stock Price Target Raised at Barclays

TE Connectivity (NYSE:TEL) had its price target raised by analysts at Barclays from $300.00 to $304.00 in a research note issued on Monday, Benzinga reports. The firm currently has an “overweight” rating on the electronics maker’s stock. Barclays‘s target price indicates a potential upside of 40.17% from the stock’s current price.

A number of other equities analysts have also recently weighed in on the company. Jefferies Financial Group cut their price target on TE Connectivity from $265.00 to $235.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. Wall Street Zen upgraded TE Connectivity from a “hold” rating to a “buy” rating in a research report on Sunday, October 18th. Weiss Ratings reiterated a “buy (b)” rating on shares of TE Connectivity in a research report on Thursday, October 22nd. Wells Fargo & Company boosted their target price on shares of TE Connectivity from $209.00 to $220.00 and gave the company a “cautious” rating in a research note on Friday, September 11th. Finally, Robert W. Baird upped their target price on shares of TE Connectivity from $225.00 to $250.00 and gave the company an “outperform” rating in a report on Tuesday, October 6th. Eleven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $255.50.

TE Connectivity Price Performance

Shares of TEL traded up $3.85 during mid-day trading on Monday, reaching $216.88. 1,242,460 shares of the company’s stock were exchanged, compared to its average volume of 2,344,092. The company has a quick ratio of 1.18, a current ratio of 1.73 and a debt-to-equity ratio of 0.38. The company has a 50-day simple moving average of $211.03 and a two-hundred day simple moving average of $213.13. TE Connectivity has a 52-week low of $190.27 and a 52-week high of $252.56. The company has a market cap of $62.79 billion, a price-to-earnings ratio of 19.62, a PEG ratio of 1.35 and a beta of 1.14.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings data on Wednesday, October 28th. The electronics maker reported $3.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.07 by $0.07. TE Connectivity had a return on equity of 25.55% and a net margin of 16.36%. The firm had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.29 billion. During the same period in the previous year, the firm posted $2.44 EPS. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. On average, sell-side analysts predict that TE Connectivity will post 13.32 EPS for the current fiscal year.

Institutional Trading of TE Connectivity

A number of hedge funds have recently added to or reduced their stakes in the business. Capstone Wealth Management LLC purchased a new position in shares of TE Connectivity during the 3rd quarter worth about $250,000. Chicago Partners Investment Group LLC grew its holdings in TE Connectivity by 198.2% in the third quarter. Chicago Partners Investment Group LLC now owns 11,931 shares of the electronics maker’s stock valued at $2,482,000 after purchasing an additional 7,930 shares during the period. Richardson Financial Services Inc. grew its holdings in TE Connectivity by 33.2% in the third quarter. Richardson Financial Services Inc. now owns 517 shares of the electronics maker’s stock valued at $109,000 after purchasing an additional 129 shares during the period. 3Chopt Investment Partners LLC increased its position in TE Connectivity by 62.2% during the third quarter. 3Chopt Investment Partners LLC now owns 2,636 shares of the electronics maker’s stock worth $556,000 after purchasing an additional 1,011 shares during the last quarter. Finally, Compass Financial Management LLC acquired a new position in TE Connectivity during the third quarter worth approximately $39,000. 91.43% of the stock is owned by institutional investors and hedge funds.

About TE Connectivity

TE Connectivity Ltd. (NYSE: TEL) is a global technology and manufacturing company that designs and produces connectivity and sensor solutions. Its products help transmit power, data and signals across a range of applications, including vehicles, industrial equipment, communications networks, aerospace systems, medical devices and consumer electronics.

The company’s product portfolio includes connectors, terminals, relays, sensors, antennas, circuit-protection products, wire and cable assemblies, and related application tooling.