TE Connectivity Ltd. (NYSE:TEL) is now being followed by Jefferies, as they initiated the stock at Hold on December 04. Analysts at Macquarie, started covering the stock on October 09 with a Outperform rating. The stock won favor of Goldman analysts who expressed their confidence in it using an upgrade from Sell to Neutral on April 18. Oppenheimer, released new analyst coverage on March 27, calling the stock is Outperform.
TE Connectivity Ltd. (TEL) hit an intraday high Thursday at $75.77. The shares finished at $75.7, after trading as low as $72.5958 earlier in the session. It rose 2.06% in recent trade and currently has a stock-market value of $26.27B. Trading activity significantly improved as the volume at ready counter increased to 3,321,594 shares versus 2,401,525 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 1,906,589 shares. The stock is now 3.33% above against its bear-market low of $73.26 on December 06, 2018. It has retreated -42.97% since it’s 52-week high of $108.23 reached in January. Now the market price is down -18.22% on the year and down -20.35% YTD.
TEL’s 50 day simple moving average (SMA 50) price is $78.87 and its 200-day simple moving average (SMA 200) price is $91.3. The company’s stock currently has a total float of 342.46M shares. Its weekly volatility is hovering around 3.08% and felt 2.52% volatility in price over a month. On the upside, the share price will test short term resistance at around $76.78. On a downside, the stock is likely to find some support, which begins at $73.61. The failure to get near-term support could push it to $71.52.
Separately, it has been reported that multiple insider activity took place at TE Connectivity Ltd. (TEL). SVP & CHRO Murphy Tim sold 17,100 shares for $5,302 in transaction occurred on 2018/05/21. After making this transaction, the SVP & CHRO owns a direct stake of 1,645,020 shares, worth $401,361, as per the last closing price. On 2018/03/01 Lynch Thomas J, Executive Chairman at TEL, dumped 76,183 shares at an average price of $101.48 per share. The selling total is valued at $14,650,372.
Sr VP & Corporate Controller, Ott Robert J had divested 10,700 shares for $13,375 through a trade on 2018/02/28. Following this activity, the insider holds 1,124,998 shares worth $1,012,488 as of recent close. Wall Street’s most bullish TE Connectivity Ltd. (NYSE:TEL) analysts are predicting the share price to blow past $117 per share during the next 12 months. The current median share price forecast by them is $96.5, suggesting that the stock could increase 27.48% in that time frame. The average price target of $97.06 calls for a nearly 28.22% increase in the stock price.
When looking at valuations, TE Connectivity Ltd. (TEL) has a cheap P/E of 8.44x as compared to industry average of 28.44x. Moreover, it trades for 11.96 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 2.43x price/book and 1.88x price/sales. Compared to others, TE Connectivity Ltd. is in a different league with regards to profitability, having net margins of 18.3%. To put some perspective around this, the industry’s average net margin is 14.64%. TEL’s ROE is 26%, which is also considerably better than the industry’s ROE of 13.01%. It’s also very liquid in the near term, with a current ratio of 1.4. The stock has a debt/capital of 0.37.