Name: TE Connectivity (NYSE:TEL) Price Target Cut to $135.00 by Analysts at Truist Financial
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TE Connectivity (NYSE:TEL) Price Target Cut to $135.00 by Analysts at Truist Financial

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Skip to main contentPosted by onhad its price target lowered by research analysts at Truist Financial from $147.00 to $135.00 in a research report issued on Friday, Benzinga reports. The brokerage presently has a “hold” rating on the electronics maker’s stock. Truist Financial’s price objective would indicate a potential upside of 8.81% from the company’s previous close.Other research analysts also recently issued research reports about the stock. StockNews.com initiated coverage on shares of TE Connectivity in a report on Thursday, October 5th. They set a “buy” rating on the stock. Robert W. Baird lifted their target price on shares of TE Connectivity from $149.00 to $153.00 in a report on Thursday, July 27th. Finally, TD Cowen upgraded shares of TE Connectivity from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $115.00 to $140.00 in a report on Friday, October 6th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $143.00.Get Our Latest Analysis on TE ConnectivityShares of NYSE:TEL opened at $124.07 on Friday. The stock has a market capitalization of $38.95 billion, a price-to-earnings ratio of 20.61, a PEG ratio of 2.34 and a beta of 1.33. TE Connectivity has a 1-year low of $110.88 and a 1-year high of $146.60. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.14 and a current ratio of 1.77. The company has a 50 day moving average price of $124.42 and a 200 day moving average price of $128.94.TE Connectivity (NYSE:TEL – Get Free Report) last posted its quarterly earnings data on Wednesday, November 1st. The electronics maker reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.02. TE Connectivity had a net margin of 11.91% and a return on equity of 18.88%. The firm had revenue of $4 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same quarter last year, the business posted $1.88 EPS. The company’s revenue was down 9.1% on a year-over-year basis. On average, research analysts anticipate that TE Connectivity will post 7.46 EPS for the current fiscal year.A number of hedge funds have recently made changes to their positions in TEL. Private Trust Co. NA boosted its holdings in shares of TE Connectivity by 1.3% during the second quarter. Private Trust Co. NA now owns 6,384 shares of the electronics maker’s stock worth $895,000 after acquiring an additional 79 shares during the period. IHT Wealth Management LLC increased its position in TE Connectivity by 3.6% during the 2nd quarter. IHT Wealth Management LLC now owns 2,321 shares of the electronics maker’s stock worth $325,000 after buying an additional 80 shares during the period. Savant Capital LLC boosted its position in shares of TE Connectivity by 3.4% in the first quarter. Savant Capital LLC now owns 2,579 shares of the electronics maker’s stock valued at $338,000 after acquiring an additional 86 shares during the period. Parkside Financial Bank &amp; Trust grew its stake in shares of TE Connectivity by 18.0% in the first quarter. Parkside Financial Bank &amp; Trust now owns 571 shares of the electronics maker’s stock valued at $75,000 after acquiring an additional 87 shares in the last quarter. Finally, Aaron Wealth Advisors LLC increased its position in TE Connectivity by 3.4% during the first quarter. Aaron Wealth Advisors LLC now owns 2,687 shares of the electronics maker’s stock worth $352,000 after acquiring an additional 88 shares during the period. 90.75% of the stock is owned by institutional investors and hedge funds.(Get Free Report)TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the AsiaPacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.Receive News &amp; Ratings for TE Connectivity Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TE Connectivity and related companies with MarketBeat.com's FREE daily email newsletter.Liontrust Asset Management Reaches New 1-Year Low at $519.00Wildcat Petroleum Sets New 1-Year Low at $0.13Gulf Marine Services Sets New 12-Month High at $12.20NuScale Power Shares Down 6.5%Granite Construction Shares Up 5.5%TE Connectivity Price Target Cut to $135.00 by Analysts at Truist FinancialComplete the form below to receive the latest headlines and analysts' recommendations for TE Connectivity with MarektBeat's free daily email newsletter:

Skip to main contentPosted by onhad its price target lowered by research analysts at Truist Financial from $147.00 to $135.00 in a research report issued on Friday, Benzinga reports. The brokerage presently has a “hold” rating on the electronics maker’s stock. Truist Financial’s price objective would indicate a potential upside of 8.81% from the company’s previous close.Other research analysts also recently issued research reports about the stock. StockNews.com initiated coverage on shares of TE Connectivity in a report on Thursday, October 5th. They set a “buy” rating on the stock. Robert...

TE Connectivity (NYSE:TEL) Price Target Cut to $135.00 by Analysts at Truist Financial

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