The stock of TE Connectivity Ltd (NYSE:TEL) hit a new 52-week high and has $73.75 target or 9.00% above today’s $67.66 share price. The 7 months bullish chart indicates low risk for the $23.87B company. The 1-year high was reported on Nov, 30 by Barchart.com. If the $73.75 price target is reached, the company will be worth $2.15B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 381,561 shares traded hands. TE Connectivity Ltd (NYSE:TEL) has risen 10.29% since April 27, 2016 and is uptrending. It has outperformed by 5.06% the S&P500.
Analysts await TE Connectivity Ltd (NYSE:TEL) to report earnings on January, 18. They expect $1.00 EPS, up 19.05% or $0.16 from last year’s $0.84 per share. TEL’s profit will be $352.79 million for 16.92 P/E if the $1.00 EPS becomes a reality. After $1.27 actual EPS reported by TE Connectivity Ltd for the previous quarter, Wall Street now forecasts -21.26% negative EPS growth.
TE Connectivity Ltd (NYSE:TEL) Ratings Coverage
Out of 7 analysts covering TE Connectivity (NYSE:TEL), 3 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 43% are positive. $74 is the highest target while $63 is the lowest. The $67.60 average target is -0.09% below today’s ($67.66) stock price. TE Connectivity has been the topic of 15 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The stock of TE Connectivity Ltd (NYSE:TEL) earned “Hold” rating by Berenberg on Wednesday, March 2. SunTrust downgraded the shares of TEL in a report on Tuesday, March 29 to “Neutral” rating. Stifel Nicolaus maintained it with “Buy” rating and $68 target price in Thursday, January 21 report. The firm has “Outperform” rating by RBC Capital Markets given on Thursday, November 3. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, July 23. RBC Capital Markets maintained TE Connectivity Ltd (NYSE:TEL) on Monday, January 18 with “Outperform” rating. As per Thursday, October 29, the company rating was maintained by RBC Capital Markets. The firm has “Buy” rating by Goldman Sachs given on Friday, September 18. The stock of TE Connectivity Ltd (NYSE:TEL) earned “Outperform” rating by RBC Capital Markets on Friday, January 15. The rating was downgraded by Goldman Sachs on Monday, May 9 to “Neutral”.
According to Zacks Investment Research, “TE Connectivity Ltd., formerly known as Tyco Electronics Ltd., operates as a global provider of engineered electronic components; network solutions and systems; and wireless systems. The Company’s engineered electronic components are applicable in consumer and industrial products, network solutions and systems are applicable in telecommunications and energy markets; and wireless systems are applicable for critical communications, radar and defense applications. The Company designs, manufactures and markets products for customers in industries ranging from automotive, appliance, aerospace and defense to telecommunications, computers and consumer electronics. TE Connectivity Ltd. is based in Schaffhausen, Switzerland.”
Insitutional Activity: The institutional sentiment increased to 1.02 in 2016 Q2. Its up 0.07, from 0.95 in 2016Q1. The ratio increased, as 45 funds sold all TE Connectivity Ltd shares owned while 174 reduced positions. 56 funds bought stakes while 153 increased positions. They now own 296.27 million shares or 0.53% more from 294.72 million shares in 2016Q1.
Babson Ltd Liability Corp holds 0.03% or 17,300 shares in its portfolio. The Texas-based Wfg L P has invested 0% in TE Connectivity Ltd (NYSE:TEL). Citadel Advsr Limited Liability owns 114,914 shares or 0.01% of their US portfolio. Tradewinds Capital Mgmt holds 0% of its portfolio in TE Connectivity Ltd (NYSE:TEL) for 87 shares. Korea Invest accumulated 69,500 shares or 0.02% of the stock. Macquarie Ltd holds 0% of its portfolio in TE Connectivity Ltd (NYSE:TEL) for 9,302 shares. Dimensional Fund Advsr Lp holds 0.07% or 2.11 million shares in its portfolio. Synovus Fincl Corp, a Georgia-based fund reported 177 shares. Sei Invests last reported 739,863 shares in the company. M&R accumulated 60 shares or 0% of the stock. Cleararc Cap reported 8,703 shares or 0.1% of all its holdings. Conning Inc has 9,220 shares for 0.02% of their US portfolio. Regentatlantic Capital Ltd Com, a New Jersey-based fund reported 12,264 shares. Huntington Bancorp holds 1,742 shares or 0% of its portfolio. Northroad Capital Management Limited Liability Com holds 3.74% or 85,292 shares in its portfolio.
Insider Transactions: Since June 10, 2016, the stock had 0 insider buys, and 17 sales for $44.52 million net activity. LYNCH THOMAS J sold $5.41 million worth of stock. MERKT STEVEN T sold $666,427 worth of stock or 10,000 shares. 1,184 shares were sold by CURTIN TERRENCE R, worth $78,766 on Thursday, November 10. On Saturday, November 12 Donahue Joseph B sold $2.15M worth of the stock or 32,188 shares. SHADDOCK ROBERT N had sold 10,000 shares worth $639,452. $854,995 worth of TE Connectivity Ltd (NYSE:TEL) shares were sold by O’Toole James. Shares for $706,414 were sold by Ott Robert J on Thursday, August 25.
More recent TE Connectivity Ltd (NYSE:TEL) news were published by: Nasdaq.com which released: “TE Connectivity Ltd. (TEL) Ex-Dividend Date Scheduled for November 22, 2016” on November 21, 2016. Also Prnewswire.com published the news titled: “TE Connectivity Recognized as an Innovation Leader in CNBC IQ100 Index” on November 01, 2016. Nasdaq.com‘s news article titled: “TE Connectivity Reaches Analyst Target Price” with publication date: November 28, 2016 was also an interesting one.
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