TE Connectivity (NYSE:TEL) Stock Gets Downgrade from Wall Street Zen

TE Connectivity (NYSE:TEL) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

A number of other equities analysts have also weighed in on TEL. Robert W. Baird dropped their target price on shares of TE Connectivity from $240.00 to $225.00 and set an “outperform” rating for the company in a research report on Thursday, July 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of TE Connectivity in a research note on Friday, July 24th. Citigroup reduced their price target on shares of TE Connectivity from $250.00 to $230.00 and set a “buy” rating on the stock in a report on Monday, July 13th. UBS Group boosted their price target on shares of TE Connectivity from $241.00 to $253.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Sanford C. Bernstein assumed coverage on shares of TE Connectivity in a report on Wednesday, September 23rd. They set an “outperform” rating and a $243.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $252.36.

TE Connectivity Stock Performance

NYSE TEL opened at $218.35 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.88 and a debt-to-equity ratio of 0.42. TE Connectivity has a twelve month low of $190.27 and a twelve month high of $252.56. The business has a 50-day moving average price of $210.35 and a 200-day moving average price of $210.07. The firm has a market cap of $63.22 billion, a price-to-earnings ratio of 21.41, a price-to-earnings-growth ratio of 1.29 and a beta of 1.14.

TE Connectivity (NYSE:TEL) last issued its earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.85 by $0.09. TE Connectivity had a return on equity of 24.59% and a net margin of 15.61%. The company had revenue of $5.16 billion for the quarter, compared to the consensus estimate of $5.01 billion. During the same quarter last year, the company earned $2.27 EPS. The firm’s quarterly revenue was up 13.8% on a year-over-year basis. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. As a group, equities research analysts predict that TE Connectivity will post 11.48 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. JNBA Financial Advisors raised its stake in TE Connectivity by 67.1% during the second quarter. JNBA Financial Advisors now owns 127 shares of the electronics maker’s stock valued at $26,000 after purchasing an additional 51 shares in the last quarter. Pin Oak Investment Advisors Inc. bought a new position in TE Connectivity during the second quarter valued at $34,000. MV Capital Management Inc. purchased a new position in shares of TE Connectivity in the 4th quarter worth $41,000. Bayban purchased a new position in shares of TE Connectivity in the 4th quarter worth $44,000. Finally, Kelly Lawrence W & Associates Inc. CA bought a new stake in shares of TE Connectivity in the 2nd quarter worth about $48,000. 91.43% of the stock is currently owned by institutional investors.

TE Connectivity Company Profile

TE Connectivity Ltd. (NYSE: TEL) is a global technology and manufacturing company that designs and produces connectivity and sensor solutions. Its products include connectors, terminals, relays, sensors, switches, circuit-protection devices, antennas and related components used to transmit power, data and signals reliably in demanding environments.

The company serves customers across the automotive, commercial transportation, industrial, aerospace and defense, medical, energy, data communications and consumer-device markets.